Interthinx enhances FraudGUARD service
Data analytics firm Interthinx added new data points to its FraudGUARD service to help mortgage finance clients detect bankruptcy data and employment status of borrowers, the firm said Tuesday. Interthinx, a subsidiary of Verisk Analytics, enhanced its fraud detection service after conducting its own study and determining employment and income were major points of fraud last year. The firm said in its 2010 annual mortgage fraud risk report that its employment/income fraud index rose 30% over the previous year, according to Mike Zwerner, senior vice president of Interthinx. The new data points revolving around bankruptcy and employment allow clients to search business data and associated business information to ensure the borrower's employer is currently an active corporation. Clients also can view the borrowers bankruptcy record over a four-year period to detect past stresses. Write to: Kerri Panchuk.