PCi and Verification Bureau Partner to deliver integrated Fraud Prevention and Lending Compliance solution

BOSTON, MASS. Oct. 1st, 2004 - PCi Corporation (PCi), the leading provider of enterprise compliance solutions, today announced a partnership with Verification Bureau, a fraud prevention solution provider.  The partnership allows the two companies to provide an integrated income verification and compliance solution for lending institutions.

     

This partnership enables lending institutions to combine PCi’s HDMA management, manage anti-predatory lending compliance, request flood determinations capabilities with Verification Bureau’s 4506 processing offering, IRSRecords.

     

“We are excited to enter a partnership with the premier vendor of lending compliance solutions,” stated Juan Carlos Perdomo , Director of Sales & Marketing. “Our existing clients will benefit from our tight integration with PCi’s compliance solutions, and by broadening our product offering, we expand our market presence.”

     

“By partnering with Verification Bureau, PCi takes a step closer to reaching our goal of offering the most comprehensive set of lending compliance solutions in the marketplace,” commented Jason Hammond, Director of Business Development, PCi. “Automated tax and W2 Verification capabilities are of great interest to PCi’s customer base, and we are pleased to offer them the premier solution in this area.”

     

About Verification Bureau

Verification Bureau is the coalition of Tax Verification Bureau and Oversis LLC, two companies specialized in mortgage fraud prevention services for the financial industry.   Over 500 clients and 12,000 users nationally benefit from their custom fraud prevention and verification solutions, IDFraudScan, IRSRecords, 1003AppScan, PROVASiS, PreQualita, and PreQualita Plus. For more information about Verification Bureau, visit their website at www.verificationbureau.com or contact the Sales department at 786-777-0316.

     

About PCi

PCi Corporation is the industry choice for institutions seeking to keep lending in compliance with both regulatory and internal business standards. Over 2000 institutions, including 93 of the top 100 lenders, rely on PCi's software and professional services to monitor, detect, analyze, and resolve compliance demands throughout the entire lending process. Compliance expertise, acquired during more than ten years of operating success, positions PCi to help lenders produce compliance-certified loans that minimize risk, identify lending opportunities, add value to portfolios, and serve the needs of their communities. PCi is based in Boston, MA.

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