Digital Risk, MortgageFlex Join Forces

Digital Risk LLC, Dallas, and MortgageFlex Inc., Jacksonville, Fla., have announced an agreement to integrate Digital Risk's Integrity Verification Enterprise system with LoanQuest, the loan origination system from MortgageFlex.The companies said the new application gives MortgageFlex lenders and customers an automated system integrated into their desktop loan processing, providing fast and accurate verification of personal identity, income, occupancy, and collateral information. "As the residential real estate business has expanded in recent years, so have fraudulent attacks on lenders, surpassing the ability of existing tools to defend against them," said Lester Dominick, chairman and founder of MortgageFlex. "This integration will give lenders unique access to fraud prevention and loss mitigation solutions." Features include occupancy and instant income verification, as well as access to existing IRS and Social Security Administration data.