AGOURA HILLS, Calif.--(BUSINESS WIRE)--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.
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.