Secure Insight Database Reaches 1.3 Million Searches
Settlement Professional Database Helps Reduce Fraud Incidents
By: Secure Insight
PARSIPPANY, N.J. - Feb. 19, 2016 - PRLog -- Secure Insight, the mortgage industry’s first ever data intelligence analysis and reporting firm focused on managing closing table risk, announced today that their settlement agent database has been searched 1,356,314 times, helping reduce the incidents of mortgage fraud nationwide. Those searches have been conducted by dozens of banks around the United States seeking to protect their assets and their consumer clients from harm. In the past 5 years, Secure Insight has uncovered numerous consumer risks and prevented estimated bank losses in excess of $10 Million Dollars.
Secure Insight maintains and monitors the industry’s largest database of settlement professionals, ensuring that lenders meet regulatory requirements, protecting themselves and their customers.
We offer a suite of tools to assist lenders with the management of third party service provider risk and employee screening. VendorCheck™
About Secure Insight
Secure Insight was founded as Secure Settlements Inc. in 2009 as the first company to offer a standardized risk evaluation and management process to protect consumers and lenders form closing agent fraud and to meet federal regulatory requirements. Today it offers solutions for the vetting of all third party service providers in the mortgage industry through tools such as QuickCheck,™
Secure Insight monitors thousands of title companies, settlement agents, real estate law firms and other professionals through its proprietary technology and the mortgage industry’s only shared nationwide database. The database is accessed daily as a fraud prevention tool by state and federal banks, mortgage lenders and credit unions throughout the United States.
For more information about Secure Insight, please visit www.secureinsight.com.