Street Resource Group Provides Customers Access to DataVerify(TM) DRIVE Platform.
CHICAGO -- Street Resource Group, Inc. (SRG), a provider of innovative technology solutions and software specific to mortgage warehouse lending, announced today that it will provide integration with DataVerify Corporation's data integrity verification and fraud prevention platform product, DRIVE[TM] (Data Risk Integrity Verification Engine). SRG clients will be able to access DataVerify's low cost array of advanced tools, analytics and metrics designed to maximize credit data and collateral accuracy within the context of SRG's efficient mortgage warehouse lending software.
"In an environment in which most lenders are tightening their budgets while suffering significant increases in fraud related losses, we strongly believe that the combination of our online credit and collateral fraud prevention solutions and SRG's online automated mortgage warehouse solution adds value to both our clients' bottom lines by both streamlining their internal processes and increasing the quality of their loans," said Steve Halper, founder and chief executive office, DataVerify. "Our core product DRIVE System extends beyond the typical fraud platform components to deliver new and unique automated tools designed to replace manual verifications, such as employment, income, other real estate owned, AVM reviews, etc. providing significant reductions in cost to originate, while at the same time, dramatically reducing loan default costs.
"Street Resource Group is providing its warehouse clients with more cost effective fraud solutions to secure both their credit and collateral warehouse risks while actually increasing the breadth and accuracy of these anti-fraud tools," said Stanley Street, president of SRG. "We were impressed with the comprehensive tools and reports DataVerify offered as well as the detailed information they provide our clients."
Street Resource Group's Warehouse Loan System (WLS) provides online, real-time connectivity between the mortgage warehouse and originators with complete loan-level accounting control, collateral tracking, risk management, document imaging and reporting features.
DataVerify Corporation is the preeminent provider of fraud prevention and decision management solutions delivering as much as 25 percent or higher fraud identification rates and as much as 50 percent lower false positives rates than competing products. DataVerify's executive team includes the former AppIntelligence Founder/CEO - Steve Halper and CIO - Michael Moseler who, at DataVerify, have developed a new "next generation" platform that leverages the latest .NET technology to deliver superior anti-fraud products powered with more robust exterior database sources, superior predictive analytics and a comprehensive array of new and advanced features. These new technological advancements allow lenders to predict fraud and mitigate loss with unprecedented accuracy while increasing workflow efficiency and reducing loan approval timeframes at the point of sale. For more information about DataVerify, call 636-532-9797 or access the company's web site at www.dataverify.com.
About Street Resource Group
For the past twenty years, Atlanta-based Street Resource Group, Inc. (SRG) has been an innovative technology solutions provider to the financial services industry. For more than seven years, SRG has focused solely on the mortgage warehouse lending industry. First developed in 1994, SRG's core product is the SRG Warehouse Loan System, a configurable Microsoft .NET software application that provides an automated workflow environment for secure online real-time mortgage warehouse lending. This solution is specifically designed for mortgage warehouse lending and incorporates all of the functionality needed to manage the entire mortgage warehouse loan life cycle. For more information, visit www.streetresource.com.
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|Date:||Oct 24, 2006|
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