Magazine article Mortgage Banking

Dexma Offers LexisNexis Anti-Fraud Services

Magazine article Mortgage Banking

Dexma Offers LexisNexis Anti-Fraud Services

Article excerpt

Dexma Inc., Minneapolis, announced it has forged a new relationship with LexisNexis[R] U.S., Miamisburg, Ohio, to help customers of Dexma and Prime Alliance Solutions, Tukwila, Washington, fight fraud.

Through a reseller agreement with LexisNexis, Dexma and Prime Alliance will offer LexisNexis' anti-fraud products, including InstantID[R] and InstantID[R] Q & A, according to Dexma President Steve Mase.

"The idea behind building fraud and compliance checks into our platform is to help our customers not only decrease costs, but also to increase the quality of the loans they produce," said Mase. "A higher-quality loan that has passed fraud and compliance screens and that meets investor guidelines ultimately should fetch a better price on the secondary market."

InstantID helps lenders verify the identity of mortgage applicants and others seeking credit approval. By conducting a proprietary search against more than 1,400 independent data sources and nearly 4 billion consumer records, the tool validates that each data element--name, address, Social Security number, date of birth, phone number and driver's license number--is authentic. …

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