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Article: New Databases Reflect Split on Fraud Prevention.(Mortgages)
- Article from:
- American Banker
- Article date:
- October 27, 2009
- Author:
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Byline: Anthony Garritano
Two rival national fraud-detection databases with different approaches have hit the market this month.
Merscorp Inc. and Interthinx, a unit of Verisk Analytics, launched their database at the Mortgage Bankers Association's annual convention in San Diego. Less than a week later, First American CoreLogic, a unit of First American Corp. of Santa Ana, Calif., responded by rolling out its own fraud-detection database.
While First American CoreLogic touts its greater wealth of data, Mers and Interthinx stress the collaborative nature of their database, which they say is conceived as a "public utility" for the industry.
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