FNC collaborates with Interthinx on mortgage-fraud detection.

FNC Inc., Jackson, Mississippi, announced it has entered into a strategic alliance with Interthinx, Agoura Hills, California, to provide its clients with fraud detection and regulatory compliance capabilities.

Mortgage lenders that use FNC's Collateral Management System[R] (CMS[R]) to handle the flow of information and documents about the property backing a mortgage loan are able to process loans faster and at a lower cost than they did before, according to Shawn Telford, manager of FNC's strategic alliance group.

"By integrating with Interthinx, FNC is able to bring recognized industry solutions to its CMS clients while providing Interthinx with access to new markets," said Telford. "Integrated access to Interthinx fraud-detection products will help to enable FNC's clients to consistently ensure the loans they write are based on solid collateral."

Interthinx will help lenders mitigate loss by providing pattern-matching technology and statistically validated fraud-scoring systems, explained Interthinx President Kevin Coop.

Specifically, Coop said, FNC customers will benefit from easy access to best-of-breed Interthinx technology including:

* FraudGUARD[R] state-of-the-art loan-level fraud detection;

* SafeCheck[R] robust identity validation;

* PredProtect[R] real-time, automated regulatory compliance; and

* ValVerify comprehensive collateral-risk solution.

In the current market, lenders must quickly pinpoint high-risk loans, said Coop. "Interthinx is committed to its continued support of lenders in their risk-mitigation efforts because mortgage fraud, now at epidemic levels, is best fought at the point of application," he said. "The current market contraction requires that lenders aggressively consolidate relationships with vendors offering multiple solutions."

FNC streamlined the loan process for its clients, explained Mike Mitchell, FNC's director of business development, and this relationship takes that a step further thanks to the Interthinx easy-to-use interface and comprehensive service offering.

"Strategic alliances like these help our clients," Mitchell said. "Having all of the information needed to review collateral in one place helps FNC clients make better lending decisions faster, and at a lower cost."