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Credit Plus, Inc. Introduces FraudPlus One-Stop Verification Program

July 22, 2014

Credit Plus, Inc. Introduces FraudPlus One-Stop Verification Program

New product helps lenders identify risk, fraud, and errors

Salisbury, Md., July 22, 2014 – Credit Plus, a provider of intelligent insight for mortgage professionals, announced today the introduction of FraudPlus, a powerful tool to help mortgage lenders verify applicant information, minimize risk, and comply with new regulations. FraudPlus makes it easy for lenders to quickly perform a thorough risk assessment on applicants and identify problems with applications.

“FraudPlus simplifies lenders’ jobs by eliminating the need to check multiple sites or sources for different verifications,” said Greg Holmes, National Director of Sales and Marketing for Credit Plus. “By providing all the third-party verifications lenders need, FraudPlus helps lenders streamline the verification process and make informed lending decisions.”

Lenders can customize FraudPlus to provide exactly the types of data they want. Three separate, easy-to-read reports are generated, each with a Summary of Findings page that highlights areas of caution and shows at a glance whether an applicant is a risk.

  • Borrower Detail Report – validates an applicant’s identity, including name, address, Social Security Number, birthdate, phone number, as well as other custom information.

  • Property Detail Report – verifies that the property actually exists, confirms characteristics of the dwelling, substantiates previous ownership, determines whether the property is at risk for flipping, and other custom data.

  • Mortgage Participant Detail Report provides the results of a comprehensive examination of appraiser licensing data and industry watch lists.

“Mortgage fraud is getting more complex and, sometimes, even ordinary applicants make mistakes on their applications,” said Holmes. “FraudPlus is just one more way Credit Plus is proactively working to help lenders ensure they stay in compliance with new regulations and make smarter, safer loans.”

For more information about FraudPlus from Credit Plus, visit http://pages.creditplus.com/fraudplus.html, call (800) 258-3488 or e-mail beyondbundled@creditplus.com.

About Credit Plus, Inc.

Credit Plus, Inc. provides intelligent insight to mortgage professionals so they can make smart lending decisions. Headquartered in Salisbury, Md., the company is a third-party verifications specialist offering more than 160 products and services for mortgage professionals, including credit reports, scoring tools, Tax Return Verifications, fraud prevention tools, Undisclosed Debt Verifications, flood reports, appraisals, and more. Its expertise in the mortgage industry enables it to quickly assess current and future needs, and provide new solutions for a rapidly changing environment. Credit Plus moves mortgage professionals forward.

For more information, please call Credit Plus at (800) 258-3488, e-mail beyondbundled@creditplus.com or visit the company’s website at www.creditplus.com

 

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