Interthinx, Inc., a leading provider of comprehensive risk mitigation
solutions for the financial services industry, has partnered with
Collateral Analytics to launch Risk Profiler, an automated appraisal
review and collateral evaluation tool developed to support collateral
risk assessment and to address a compliance-intensive origination
environment. Available through FraudGUARD®, Risk Profiler
analyzes public and proprietary data to independently score appraisals
and Broker Price Opinions (BPOs) for transactional risk, collateral risk
and value confidence. This provides mortgage lenders, servicers,
insurers and investors a method to make better-informed,
property-related decisions. When bundled with FraudGUARD®,
analysts have the most comprehensive automated credit and collateral
evaluation tool available today.
"From a risk management perspective, our industry has been in need of
improved collateral risk evaluation solutions. Driven by increased
compliance requirements and added downstream scrutiny, the need for
enhanced automated assessment is front and center for our clients," said
Jeff Moyer, president, Interthinx. "Risk Profiler brings efficiency,
economy and consistency to the appraisal review process, qualities that
are fundamental to collateral risk management and critical to our
clients' success.”
Leveraging analytics intelligence, an industry-leading automated
valuation model (AVM), neighborhood trends and local market data, Risk
Profiler analyzes the critical elements of valuation to test the
conclusion and determine whether supporting data is reasonable. Risk
Profiler, powered by Collateral Analytics, was developed to meet
specific mortgage origination processes and productivity demands, while
ensuring that compliance mandates are satisfied. “We are excited to be
working with Interthinx to expand the use of our Risk Profiler
technology,” said Michael Sklarz, Ph.D., chairman and CEO, Collateral
Analytics. “Interthinx has a great reputation in the industry as a
technology leader, which made them a trusted choice for distribution.”
In addition to evaluating collateral risk and verifying the reliability
of the valuation product, Risk Profiler supports collateral risk
protocol industry-wide. Monitoring of the application of the Uniform
Appraisal Dataset (UAD) is native to Risk Profiler, not a bolt-on
capability. Its ranking metrics and data assessment logic allow users to
rate vendor performance, providing a quantitative method for rating appraisers.
Applying a single rules engine ensures objective and consistent results.
"Risk Profiler has been developed to evaluate critical data and identify
risk, so human intervention is only required for appraisals that fail to
pass standards,” said Ashley Woodworth, senior vice president of product
and marketing, Interthinx. "When Risk Profiler is incorporated as an
integral part of an origination process, pulling the entire pipeline
through will highlight risk, satisfy compliance and lower costs."
For more information about Interthinx and its risk management solutions,
including Risk Profiler, visit http://www.Interthinx.com.
About Interthinx
Interthinx, Inc., a subsidiary of First American
Financial Corporation (NYSE: FAF), provides essential solutions to
mitigate risk in the mortgage lending marketplace. Interthinx offers
capabilities in mortgage fraud and verification, property valuation,
compliance, quality control and loss mitigation that are used by the
nation's top financial institutions. Interthinx helps its clients
minimize risk, increase operational efficiencies, satisfy regulator
demands, manage data verification and remain compliant. For more
information, visit www.Interthinx.com
or call 1-800-333-4510.
About First American
First American Financial Corporation (NYSE: FAF)
is a leading provider of title insurance, settlement services and risk
solutions for real estate transactions that traces its heritage back to
1889. First American also provides title plant management services;
title and other real property records and images; valuation products and
services; home warranty products; property and casualty insurance; and
banking, trust and investment advisory services. With revenues of $5.0
billion in 2013, the company offers its products and services directly
and through its agents throughout the United States and abroad. More
information about the company can be found at www.firstam.com.
Copyright Business Wire 2014