Mortgage Cadence and DataVerify Partner to Provide Powerful Data Integrity And Fraud Risk Analysis Solutions Enables Mortgage Cadence Users to Customize Rules Based on Changing Customer, Investor and Regulatory Requirements

by 08 Apr 2009
DENVER, April 8, 2009 ? Mortgage Cadence, Inc., a leading provider of Enterprise Lending Solutions (ELS) for the financial services industry, announces the seamless integration between DataVerify?s DRIVE? platform and Mortgage Cadence Orchestrator?. The combined solutions provide Mortgage Cadence customers with superior tools to stay ahead of the rapidly changing market conditions all the while combating fraud, streamlining verification processes and reducing potential loan losses. ?Mortgage Cadence leads the market in providing compliance and regulatory solutions through an integrated ELS platform that enables our clients to quickly and confidently respond to the myriad of changes taking place in the market,? stated Tim Counterman, Director of Product Management & Compliance at Mortgage Cadence, Inc. ?The integration with DataVerify, a leading fraud detection and prevention platform, enhances our overall compliance offering and provides customers with a seamless loan data feed into the DRIVE platform that then returns comprehensive and imperative information back into Mortgage Cadence Orchestrator. The reports and scores that are returned allow Orchestrator users to quickly identify legitimate borrowers while reducing false positives, ensuring compliance with Red Flag Rules and minimizing costly queries to the Social Security Administration.? In addition, DataVerify provides a proprietary collateral risk assessment model that evaluates market and subject property characteristics to determine the overall collateral risk. This assessment provides public and non-public data analysis of foreclosure activity, flip activity, subject transfer history, geographic conditions, and market sale. ?Both Mortgage Cadence and DataVerify have native rules engines at the core of their solutions allowing for the creation of very powerful workflow scenarios that result in a superior automated data validation solution that increases efficiencies, pull throughs and controls, while reducing approval and processing timeframes,? added Mike Moseler, Chief Information Officer of DataVerify. ?We will continue to update this platform to stay ahead of fraud schemes and underwriting criteria in an effort to mitigate the financial and reputational risks of our customers.? About DataVerify DataVerify is a leading provider of fraud prevention and decision management solutions for the mortgage industry. First to market with such impactful fraud prevention tools as real-time payroll registry verification, automated salary verification and undisclosed real estate and businesses, DataVerify continues to lead in the development of unique new solutions to the ever changing landscape of fraud and credit risks in today's mortgage environment. For more information about DataVerify, call 866-895-3282 or visit About Mortgage Cadence Mortgage Cadence, Inc. is the leading provider of Enterprise Lending Solutions (ELS). Mortgage Cadence Orchestrator? provides data driven workflow automation and seamless integration across the enterprise to help lenders achieve harmonious operational rhythm from origination, processing, underwriting, and closing through secondary marketing. The solution provides both forward and reverse lending automation ? as well as support for multiple lending channels. This superior technology features business rules management, product and pricing, electronic document management, and a suite of Web portal options within one comprehensive platform. To learn more, please visit us on the Web at Trevor Gauthier Vice President, Marketing 303.991.8337 Catch the RHYTHM Mortgage Cadence, Inc.


Should CFPB have more supervision over credit agencies?