Comergence Compliance Monitoring, an outsource solution provider for TPO management, and BasePoint Analytics, a provider of scientific fraud and risk analytic scoring solutions, have teamed up to provide comprehensive fraud and early pay default risk management for lenders and brokers.
Comergence says it chose a broad set of BasePoint solutions to offer clients the most robust fraud and risk protection products available. Within its lender protection services, Comergence will offer BasePoint's BrokerWatch score, which provides broker risk scoring based on the risk and performance of loans assembled by brokers.
Comergence will also offer BasePoint's FraudMark score and BasePoint EPD Alert. According to the companies, these offerings ensure lenders and brokers have the ability to score and stop fraud and early payment default before loans are submitted by the broker or funded by the lender.
Sources: Comergence Compliance Monitoring, BasePoint Analytics