Benefits
Minimizing exposure to risk needn't be unduly complex. With Mortgage Fraud Detection & Prevention solutions, you'll have the essential tools to help prevent fraud from damaging your organization. Today, more than 70 percent of top industry participants use our solutions to safeguard their assets and protect their reputations by credentialing and monitoring individuals and companies when establishing business relationships. Subscribers include secondary market agencies, national and regional lenders, and mortgage insurers.
Enhanced Due Diligence
We offer extended risk mitigation solutions that provide subscribers with instant access to online and custom services to manage enhanced compliance and background screening of industry professional and companies. Services available include:
Identity Verification
- Validate identities of individuals and businesses with minimal information.
- Utilize advanced analytics that produce risk scores to help automate risk-based decision processes.
- Get immediate results returned in reports that explain validation areas presenting the most risk.
- OFAC checks are also included.
Identity Verification combines a wealth of individual and business identity data, an easy-to-use interface, reporting and sophisticated analytics for a complete identity verification solution.
Significantly reduce workload and take steps to comply with the USA PATRIOT Act and related regulations by using this solution for all your real-time and batch identity verification needs.
Identity Verification for Real Estate includes InstantID® with Red Flags Rule Report and FraudPoint® by helping you:
- Take steps to comply with the USA PATRIOT Act, OFAC, BSA, Red Flags Rule and related regulations.
- Simplify processes and maximize human resources while reducing workload.
- Protect your company's reputation and mitigate risk.
- Avoid government-imposed penalties.
- Prevent crimes such as terrorism, money laundering and ID theft.
FraudPoint® - Predict better. Profit more.
FraudPoint is far more than the typical match logic and pass/fail criteria used to verify if identities exist—it's a holistic examination into known fraudulent profiles. Better data and analytics maximizes ROI by allowing you to focus on the riskiest applications and decrease expenses associated with unnecessary manual reviews.
FraudPoint® Attributes have over 160 predictive indicators that clients can use with their in-house modeling and rules-based strategies to improve customer risk.
National Credit Check with Social Security Number Fraud Check
- Provides a credit check with a national credit bureau that also returns a credit score.
- Identifies known high-risk fraudulent address information by completing a Social Security Number and Fraud Alert Service check.
Get it now: For more information about LexisNexis® Mortgage Fraud Detection & Prevention solutions, call 866.676.6274.
Learn more about mortgage fraud and related solutions.
Features
MIDEX® Comprehensive Report
The MIDEX Search has been enhanced to include critical information sources to help your business identify potential risks associated with mortgage industry professionals and companies. We’ve integrated our powerful linking technology, LexID(SM), with public and contributory non-public information contained in the MIDEX database and LexisNexis® content on people, businesses and more—resulting in a holistic report to aid you in mitigating third party risk. MIDEX empowers you to better know your professionals, safeguard your assets and protect your company's reputation.
Configurable MIDEX Comprehensive Report
- Tailor the report results by selecting only the portions you prefer, providing you with the most relevant information for your needs
Enhanced linking
- Provides access to data not previously available in the MIDEX search
- LexisNexis patented linking technology, LexID(SM), brings seemingly disparate information from public records into your report, providing a better overview of companies and entities
Additional Time-Saving Tools from MIDEX
- Database Technology with improved search and matching logic - Facilitates rapid searching, produces fewer false positives and yields more relevant results.
- User-Friendly Interface - Intuitive functionality allows you to access and manage your information easier and faster
- Color-Coded Labels - Quickly identify records with brightly color-coded labels
- Single Sign-On - Select from the services you subscribe to from the log in page or navigate to search services from within the application
- Multiple Account Management - Clients with multiple MIDEX user accounts can access those accounts directly from the login page
- Interactive Search Results Features - Manage monitoring features with clickable buttons within your search session or access other MIDEX and Mortgage Fraud Detection & Prevention solutions from any webpage.
MIDEX offers the following services:
- MIDEX Comprehensive Report
- Professional License Verification
- Continuous Monitoring (available for all MIDEX services)
- ProWatch
Get it now: For more information about LexisNexis® Mortgage Fraud Detection & Prevention solutions, call 866.676.6274.
