idBusiness Touts Red Flag Compliance Module

Denver-based idBusiness, a provider of information security systems for small to medium-size businesses, has announced the launch of the Red Flag Compliance Module. The module is designed to enable mortgage companies to meet the requirements of the so-called red-flag rules under the Fair and Accurate Credit Transactions Act, idBusiness said. "A mortgage banker or broker is facing about 20 serious challenges to his business every day, one of which is red-flag compliance," said idBusiness chief executive Scott Brooks, himself a mortgage professional. "With the Compliance Module, we created a simple tool that achieves compliance first, but second, gives you a tool to build your business in a tough market." The module goes beyond the 26 identity theft "red flags" outlined by the legislation, providing customers with 37 potential signs of identity theft and integrating them into the day-to-day functions of a mortgage company's employees, idBusiness said. The company can be found online at http://www.idbusiness.com.