Miami, FL (PRWEB) January 5, 2006
Verification Bureau, Inc, a nationwide developer of fraud detection and risk mitigation solutions announced today the release of "Zero Fraud Tolerance", its supporting campaign to aid the U.S. mortgage industry and the FBI in their battle against mortgage fraud. For a limited time the company will allow free use of selected fraud detection software solutions to approved lenders and mortgage brokers nationwide.
All participants will be required to submit a pre-screening application in order to qualify for the program. The mortgage companies who sign up for this free-trial will be enabled with the necessary tools to detect fraudulent tax returns, identity theft, information misrepresentation in the mortgage application, false employment, manipulated appraisals, and much more.
"We believe that the implementation of fraud detection software and information verification tools prior to loan funding is the key to keeping fraudsters out of business," said Michael Romero, President of Verification Bureau, "Verification Bureau acclaims the outstanding work performed by the FBI and Mr. Chris Swecker, FBI assistant director in charge of the criminal division, therefore we decided to launch this program to support their efforts in fighting mortgage fraud."
For more information about the "Zero Fraud Tolerance" program visit http://www.verificationbureau.com/freetrial.aspx or call the sales department at 786-777-0316 Ext 501.
About Verification Bureau
Headquartered in Miami, FL, Verification Bureau is the leading developer of fraud prevention and web-based verification solutions in the United States of America. Over 550 clients and 13,500 users nationally benefit from their online suite of verification tools and fraud prevention services.
The company's core offerings include 1003AppScan, an automated fraud filter used at pre-funding to detect inflated appraisals, property flips, identity theft, fraudulent brokers, false employment and income, and asset misrepresentation, among many others; IDFraudScan, which verifies social security numbers against data from the Social Security Administration (SSA) for identity verification purposes, and complies with section 326 of the U.S. Patriot Act (OFAC); IRSRecords, powered by a high-caliber connection to the Internal Revenue Service (IRS) to access individual and corporate taxpayer information in 24 hours for income verification purposes; PROVASiS, which is an automated property valuation tool (AVM) with a built-in fraud detection component for property flips, ownership misrepresentation, appraisal fraud, manufactured homes, OFAC and more; ITIN Direct, used to verify Individual Tax Identification Numbers in pre-funding, and EIN Direct, an accurate method to validate Employer Identification Numbers or Federal Tax Identification Numbers.
For additional information visit http://www.verificationbureau.com, or contact the sales department at 786-777-0316 Ext 501.
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