Miami, FL (PRWEB) May 26, 2005
Verification Bureau tools and services enable mortgage lenders to make safe and fast credit decisions by validating key loan information prior to funding. Each of their solutions helps reduce costs and increase productivity in underwriting and post funding quality control.
Jerome Bugni, a Quality Assurance specialist from Security National Mortgage, said ÂOur company has decreased operational costs and increased productivity thanks to Verification BureauÂs fraud prevention solutions. We highly recommend it as we were surprised to see how quickly we could get the results. What used to take us hours and days to resolve, now takes minutes to achieve.Â
ÂWhat makes Verification Bureau successful in helping prevent mortgage fraud is the vast experience in the field and the ability to integrate with accurate data sources including the Internal Revenue Service, Social Security Administration, and Department of the Treasury. Through the use of their solutions lenders can make safe, efficient decisions that improve loan quality and turnaround time.Â Rafael Espinosa, COO of Verification Bureau, Inc,
ÂVerification Bureau offers a blend of effective fraud prevention solutions at a low cost. No financial institution should operate without them,Â according to Lori Soltas of George Mason Mortgage.
As a result of the variety of solutions implemented by Verification Bureau, companies have found their workload has dramatically decreased. Regardless of which solution is utilized each one drastically decreases the workload for the client in preventing mortgage fraud.
Hilda Ortiz from 1st Centennial Bank noted, ÂBy relieving some of the work involved in verifying critical loan decision information, we were able to increase our response time.Â
ÂIn a time where fraud is becoming more prevalent, it is necessary for all lenders to combat the fraudulent activities to survive the mortgage business landscape. Verification Bureau has innovative weapons in fighting the continuously evolving war against mortgage fraud.Â Said Michael Romero, President of Verification Bureau,
ÂWe have invested a great amount of resources in developing the latest technology to help lenders nationwide detect false income, identity theft (SSN, ITIN, and EIN verification), property flips, straw buyers, false appraisals, false assets, immigration status misrepresentation, false employment, occupancy misrepresentation and many others.Â he added.
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