For a limited time Verification Bureau will allow free use of selected fraud detection software solutions to approved lenders and mortgage brokers nationwide.

(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.





;


Back

• Most any large city has a number of small shops offering payday loans. They’re often found in strip centers; sometimes they double as pawn shops. They have a simple business – they lend you money until your next paycheck. The system is pretty convenient; you write them a postdated check for the amount you’re borrowing plus interest. On your next payday, they cash the check and your loan is paid off. What many people who use payday loan services fail to realize is that the interest rates charged by these firms are substantial, often reaching the equivalent of four hundred percent per year!
  
  
• To get a secured loan it can take time for loan approval, as the property will be inspected and appraised. Unsecured loans such as credit cards are usually faster to acquire, however the loan approval time may include a credit check. A credit check involves a lender getting a copy of your credit report to inspect your credit history.
  
  
• Credit card balance transfers
  
  
• All kind of loan – educational loans, auto loans, secured loans, unsecured loans, personal loans and any kind of loans – can be consolidated under debt consolidation mortgage. It is highly appropriate to adopt debt consolidation mortgage if you have numerous debts. However, a prudent step will be to understand debt consolidation if you actually want to apply for it. Debt consolidation mortgage has the capability to be turned in a way so as to allow maximum monetary benefits. Yet, one little error with debt consolidation mortgage and your situation will be back to square one.