Facts about 1003 AppScan:
• Verifies Identity
By cross checking against billions of records from public and private data sources
including credit bureaus, public records, and the Social Security Administration.
• Filters through OFAC and Government watch lists
To assure compliance with sections 326 and 314(a) of the US Patriot Act, 1003 AppScan
compares all the individuals and businesses entered against worldwide terrorist
watch lists. Some of them are: OFAC, Interpol, FBI, and Financial Crimes Enforcement
Network Special Alert List. (Click here to see a full list)
• Reveals Appraisal Fraud
Through cascading automated valuation models, 1003 AppScan provides a real-time
value of the property securing the real estate loan. This enables the underwriter
to detect discrepancies between the values from the appraisal and comparable sales
of the area where the subject property is located.
• Validates Ownership
1003 AppScan verifies if the individual applying for the home loan is the real owner
of the property with rights to encumber it.
• Detects Fraudulent Appraisers and Brokers
All names provided are compared against HUD limited denial list, Department of justice
filings, National Appraiser Registry, billions of news files, Freddie Mac, and Fannie
Mae watch lists.
• Integrates with Virtually any Loan Origination System (LOS)
Files can be uploaded on to 1003 AppScan in the Fannie Mae 3.2 format to avoid double
data -entry.
Contact
Contact us today and we will elaborate a proposal tailored exclusively for your
needs at sales@verificationbureau.com,
you may also call us at 877-477-4506 Ext 501
|