AppIntelligence, Prieston Offer Fraud Combo

The Prieston Group, San Rafael, Calif., is teaming up with AppIntelligence Inc., Weldon Springs, Mo., to offer a new mortgage fraud insurance product called DISSCO(TPG).The product takes an enriched version of AppIntelligence's DISSCO fraud detection and prevention product and adds TPG's Mortgage Assurance Solutions, an integrated suite of fraud protection, mitigation, and indemnification services. "This solution is a reflection of our campaign to encourage the use of fraud prevention tools and the adoption of quality lending processes," said TPG's Arthur Prieston. "Based on the experiences that our clients have shared with us, as well as on a comprehensive survey we've been conducting among our client base, we've shown that AppIntelligence's DISSCO can reduce fraud." Mr. Prieston said the product combination can reduce severity rates on claims, resulting in "significant savings" that can be passed on to clients.