Fraud Prevention

Lenders establishing relationships with other companies to originate loans (or provide other revenue enhancing services) for them take on a large amount of risk. We seek to help lenders mitigate the risk of financial loss due to misrepresentation.

First Line Data provides comprehensive third party point-of-approval reports for the nation’s mortgage lenders and warehouse lenders screening LOC applicants. In addition, we offer related reporting products on businesses classified as “mortgage insiders” such as closing agents and appraisers. Our reports also serve as business approval tools for construction lending and finance companies.

In February 2010, Fannie Mae introduced its new Loan Quality Initiative (LQI) to help increase the quality loans in the mortgage industry. The LQI includes more thorough requirements relating to borrower identity, employment, and income verification.

First Line Data created its Loan Quality Assurance (LQA) platform to provide a one-stop data entry point for lenders to order any combination of reports on borrowers. The various reports offered cover: identity verification, verification of employment, verification of deposit, instant SSN verification from the Social Security Administration, and IRS income verification.

Background Screening

As losses associated with misrepresentation continue to rise across all industries, employers and non-profits need to have comprehensive screening policies in place. For the policies to be effective organizations must use a reliable source for comprehensive background investigations.

Through First Line Data’s advanced FCRA compliant platform, we provide employers and non-profits, customizable background reports on their applicants. Verified credentials, identity, criminal records, employment and many other data points provide the validation and red-flagged information needed to make the right choice.