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DataVerify Using MERS To Find Unknown Liens.
Chesterfield, MO -- To combat one form of mortgage fraud, DataVerify, a provider of data verification and fraud detection, has created an electronic integration with MERS, the electronic registry for tracking ownership of mortgage loans and servicing rights, to help mortgage lenders reduce loan losses by identifying undisclosed mortgage transactions within a specified window of time.
By integrating DRIVE (Data Risk Intelligent Verification Engine) with the electronic registry, DataVerify says it can give lenders a verification process that relies on "touch less" technology, allowing them to ferret out undisclosed debt on a property. The DRIVE platform searches the MERS system to obtain a response that lists all MERS' registered real estate loans closed by the borrower.
"The MERS system has become an essential due diligence step in the mortgage industry's war on fraud," said Steve Halper, ...
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...FRANCISCO, Sept. 13 /PRNewswire/ -- DataVerify(TM), a leading provider of fraud...result of this new marketing alliance, DataVerify will promote ComplianceEase's leading...ComplianceEase will promote DRIVE(TM), DataVerify's leading fraud and loss detection...
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- Press release article from: Business Wire October 24, 2006 700+ words
...that it will provide integration with DataVerify Corporation's data integrity verification...SRG clients will be able to access DataVerify's low cost array of advanced tools...founder and chief executive office, DataVerify. "Our core product DRIVE System extends...
Source: HighBeam Research, DataVerify Using MERS To Find Unknown Liens.