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May 19, 2006
New Fraud Risk Mitigation Tool Launched
Digital Risk, a risk mitigation company providing tools designed to limit financial services firms’ exposure to fraud, has introduced "Risk IQ," a verification product that provides a "360-degree" risk assessment of mortgage transactions. The vendor, which introduced the product at the Mortgage Bankers Association's National Fraud Issues Conference in Chicago, said it is forging new ground in cost per transaction savings with the product. "This newer technology means better due diligence and a more cost-effective means for achieving it," said Jeffrey Taylor, CEO, Digital Risk. Risk IQ uses data sourcing and reporting operations capable of decreasing operational time by an average of 20% and is highly customizable, according to Mr. Taylor.
Posted by S. Germain at May 19, 2006 07:46 AM