Interthinx Inc., an Agoura Hills, Calif.-headquartered provider of risk mitigation, mortgage fraud prevention, and regulatory compliance tools for the mortgage industry, has introduced Broker Risk Score, which reviews and scores third-party originators.
Based on proprietary loan data and weighted alerts within the Interthinx scoring system, the Broker Risk Score provides lenders with the ability to incorporate a score into their broker approval processes to make more informed decisions about their potential and current business partners, the company explains.
Customers can access historical broker performance aggregated from the millions of loans within the Interthinx inventory, resulting in more thorough reviews of third-party originators.
‘The innovative Interthinx Broker Risk Score calculates risk based on the number of loans identified for a broker origination company, the percentage of loan reviews identified as high risk transactions, and the weighted alerts within the reviews that are assigned a value,’ adds Stacey Louie, senior vice president of product development and engineering at Interthinx. ‘The combined values are used to determine whether the broker origination company represents a low, medium or high risk for the approving lender.’