Chicago, IL (PRWEB) July 24, 2009
Rapid Reporting has recently released EmploymentChek, the latest in their unique line of fraud prevention tools. EmploymentChek, developed in partnership with Chicago-based Pathfinder Development, works seamlessly with Rapid Reporting's existing tools, IncomeChek and DirectChek, to provide issuers of credit with information to assess the risks associated with a credit application.
EmploymentChek allows issuers of credit to verify a borrower's employment details and ensure the validity of a borrower's employer by combining phone interviews by trained investigators with proprietary queries to data partners. This risk assessment assists the customer's approval decision on the loan application and follows the application to mortgage buyers on the secondary market in an effort to reiterate the safety of the loan as an investment vehicle.
EmploymentChek also enforces anti-fraud best practices, and delivers extremely detailed reports including: extended public records findings and risk flags, responses to each interview question, interviewer's subjective impressions, and detailed logging of unsuccessful interview attempts.
About Rapid Reporting
Rapid Reporting is an innovative provider of next-generation tools to combat financial fraud. The privately-held company was founded in 1998, and is currently the leading vendor of borrower verification solutions to the U.S. mortgage industry. Rapid Reporting is renowned for initiating and improving programs with government agencies such as the Internal Revenue Service and Social Security Administration for the private sector. In 2007, the company was named as the winner of Mortgage Technology magazine's prestigious annual Fix-It Award. For more information, visit https://www.rapidreporting.com/.
About Pathfinder Development
Pathfinder is a consulting firm specializing in software development and user experience design. Pathfinder delivers software applications that are easy to use, providing clients with the technology to enable business breakthroughs and competitive advantage. Pathfinder's clients range from early stage start-ups to Fortune 5 companies across a wide array of industries, including energy, healthcare, insurance, financial services, media and publishing. For more information, visit http://www.pathf.com or call 312-372-1058.
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