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March 28, 2008
Kroll Factual Data Releases Innovative Mortgage Loan Employment and Income Risk Assessment Service
Kroll Factual Data announced an expansion of its suite of risk assessment services with the release of ActionFacts. ActionFacts uses a cutting-edge, proprietary risk assessment engine to comprehensively verify and assess applicant income and employment information as well as assets and liabilities.
An expansion of its successful risk assessment services, ActionFacts completes the suite of services which include FactualID, CollateralFacts and FullFacts. FactualID identifies borrower misrepresentation; CollateralFacts protects lenders against property value misrepresentation; and FullFacts identifies loan party collusion, conflict of interest, and non arms length transactions for every participant involved in a mortgage loan.
Posted by S. Germain at March 28, 2008 08:02 AM