C&S Marketing Unveils Fraud Management Product, LoanSafe(TM); New Fraud Detection Product Saves Customers Over $6 Million Annually.SACRAMENTO, Calif. -- C&S Marketing, a leading provider of collateral risk and fraud management tools, serving 90 of the top 100 lenders in the nation, announced the release of its flagship product A primary product of a company, which is typically why the company was founded and/or what made it well known. For example, MS-DOS, Windows and the Microsoft Office suite have been flagship products of Microsoft. CorelDRAW is a flagship product of Corel Corporation. , LoanSafe. LoanSafe enables residential mortgage originators and secondary investors to efficiently assess the risk value and fraud potential in a loan transaction by performing an integrated analysis of the agent, the borrower and the collateral, which produces an overall risk score based on the data. ABN AMRO ABN AMRO Algemene Bank Nederland-Amsterdam Roterdam Bank (Dutch bank) Mortgage Group, Inc., one of the nation's leading mortgage lenders, recently began using LoanSafe to identify and mitigate risk exposure. "HistoryPro helped ABN AMRO Mortgage Group significantly reduce its fraud risk, and LoanSafe goes even further by adding broker risk and borrower risk to the equation," said Mike Maher, ABN AMRO Mortgage Group executive vice president. "C&S products have made a positive impact on ABN AMRO Mortgage Group's loss exposure and automated valuation model (AVM AVM 1 Acute viral meningitis, see there 2 Arteriovenous malformation, see there ) costs." According to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. the FBI's May 2005 Financial Crimes Report to the Public, the number of mortgage fraud reports filed has escalated nearly 150 percent since 2003. The report also showed that 80 percent of the cases involve either overstated o·ver·state tr.v. o·ver·stat·ed, o·ver·stat·ing, o·ver·states To state in exaggerated terms. See Synonyms at exaggerate. o property appraisals or non-existent properties. C&S Marketing's LoanSafe is designed to combat these rising numbers. LoanSafe addresses subject properties and markets, borrower financial and behavioral patterns and the quality and risk of agents by leveraging a progressive set of integrated models. Up to 70 percent of all loans processed through LoanSafe can be streamlined through the loan approval process. Lenders can proceed with greater confidence, while expediting workflow and increasing the company's production capacity. "Over the past decade, real estate fraud has grown to become one of the most significant threats to profitability in the residential mortgage banking industry," said Steve Schroeder Steven A. Schroeder is Distinguished Professor of Health and Health Care at the University of California, San Francisco (UCSF). He served as the President and CEO of the Robert Wood Johnson Foundation from 1990 to 2002. Dr. , CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of C&S Marketing. "Because mortgage fraud is a growing problem, our customers need the most thorough fraud management services possible. We are constantly working to make it increasingly ineffective to perpetrate per·pe·trate tr.v. per·pe·trat·ed, per·pe·trat·ing, per·pe·trates To be responsible for; commit: perpetrate a crime; perpetrate a practical joke. mortgage fraud against our customers." About C&S Marketing Sacramento, Calif. based C&S Marketing is the leading provider of collateral risk assessment and fraud prevention solutions to the mortgage industry. Since 1997 the mortgage industry has relied on C&S Marketing's knowledge and information tools to enable risk decisioning and workflow process support. The C&S Marketing suite of property information tools provide the data, comprehensive geographic coverage, ease-of-use and accessibility the mortgage industry needs. C&S was ranked #17 on Inc. Magazine's 500 fastest growing companies in 2004. For more information about C&S Marketing, visit www.csmarketing.com. About ABN AMRO Mortgage Group, Inc. ABN AMRO Mortgage Group is one of the largest loan originators and loan servicers in the United States. ABN AMRO Mortgage Group produces mortgage loans and provides related services through its various divisions. ABN AMRO Mortgage Group has approximately 3,000 employees located throughout the United States. About ABN AMRO N.V. Netherlands-based ABN AMRO is a leading international bank with total assets of EUR EUR In currencies, this is the abbreviation for the Euro. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. 742.9 bln (as of March 31, 2005). It has over 3,000 branches in more than 60 countries and territories, and has a staff of about 97,000 full-time equivalents worldwide. ABN AMRO is listed on the Euronext and New York stock exchanges New York Stock Exchange (NYSE) World's largest marketplace for securities. The exchange began as an informal meeting of 24 men in 1792 on what is now Wall Street in New York City. . |
|
Printer friendly
Cite/link
Email
Feedback
Reader Opinion