Miami , Florida – August 6, 2004 – Fraud prevention services provider, Tax Verification Bureau, announced that it has entered into an agreement to partner with Oversis, LLC.  The partnership will allow the two companies to provide comprehensive fraud prevention solutions under the new venture name of Verification Bureau through www.fraudpredator.com

Michael Romero, president of Tax Verification Bureau, stated, “The collaboration between the two companies will strategically position us as one of the top fraud prevention powerhouses in the nation”.  Tax Verification Bureau is a privately held company and offers income and identity verification solutions to lenders and other financial institutions.  Established in 2001, TVB has experienced rapid growth and serves over 500 lenders with 8000 users nationwide.

Oversis, LLC is also a Miami-based company.   The company provides automated fraud prevention and data integrity solutions to clients nationwide.  “We are delighted to have the opportunity to work with a market leader such as Tax Verification Bureau.  We feel that this partnership will provide clients of both companies with a one-stop fraud protection solution.   Excellent customer service, enhanced product quality, and improved client satisfaction is what is driving this partnership”, said, Leo Garraz, VP of Business Development of Oversis, LLC. 

According to Romero,  "Oversis solutions apply the same knowledge and logic used by law enforcement agencies and the largest US bank quality assurance and fraud prevention teams. The added value of Oversis’ solutions is that they are accurate and automated. They save time by providing reliable and comprehensive reports that make underwriting and quality control a streamlined process from a fraud prevention perspective. If all lenders are not using it, they should be."

The Mortgage Bankers Association of America described the toll of mortgage fraud on the financial industry as epidemic.  Lenders and consumers suffer tremendous financial losses estimated at $30 billion each year due to fraudulent activities.  The U.S. Attorney General suggests that 70-80 percent of mortgage fraud can be avoided through aggressive fraud detection efforts.

About Tax Verification Bureau

Tax Verification Bureau specializes in mortgage fraud prevention services for the financial industry.   Over 500 clients nationally benefit from their custom identity and income verification solutions, IDFraudScan™ and IRSRecords™. For more information about Tax Verification Bureau, visit their website at www.taxverificationbureau.com or contact Juan Carlos Perdomo at 786-777-0316 xt 201

About Oversis, LLC

Oversis LLC was founded in 1995 incorporated in Florida in 2004.  Their signature automated fraud prevention and data integrity solutions include PROVASiS x/o , 1003AppScan, PreQualita and PreQualita Plus.  For more information about Oversis, LLC, contact sales@fraudpredator.com