These enhancements to their BVR report provide wholesale mortgage lenders the decision-support knowledge needed to more quickly determine the approval of a third party originator.
Boulder, CO (PRWEB) January 5, 2005 -- First Line Data, Inc. announced the launch of their exclusive ALERT! Summary and FIRSTLINE Score on their Broker Verification Review (BVR) reports this week. These enhancements to their BVR report provide wholesale mortgage lenders the decision-support knowledge needed to more quickly determine the approval of a third party originator.
ALERT! messages are for material discrepancies between submitted information and records found or any derogatory information found within a BVR report. In addition to the ALERT! symbol and details provided with a specific topic, an ALERT! summary is provided on the front page. Also on the front page of the BVR report is the FIRSTLINE Score&trade . The Score uses a risk-based scoring model that calculates the combined weighted average of all ALERTS found within the report. Kellan Flynn, President and Chief Operating Officer of First Line Data, Inc., stated, We understand the mortgage lending industrys demands of increasingly shorter decision cycles, so we are pleased to provide this additional tool to our customers. Our proprietary ALERT! Summary and FIRSTLINE Score has been created to expedite their broker approval process." Nancy Cowley, Senior Account Executive, said, Our reports have proven to exceed the requirements of internal and external audits. A First Line Data BVR report in a file will quickly demonstrate to a third party the procedures employed in determining the initial approval of a business partner. Our reports provide clear evidence of a sound due diligence process."
For additional information regarding First Line Datas reports, please contact an account executive at (800) 810-3811 or visit their Internet site at www.firstlinedata.com.
About First Line Data, Inc.
Founded in 1999, First Line Data, Inc. is a leading provider of business point-of-approval reports, which are used to verify the validity of application documentation for the detection and prevention of fraud, tailored to the specific needs of the nations mortgage lending industry. First Lines Internet site can be accessed at www.firstlinedata.com.
Contact Information:
Kristina Kaufman
Director of Communications
First Line Data, Inc.
4735 Walnut Street, Suite C
Boulder, CO 80301
Phone: 800-810-3811
After hours: 800-400-6906 ext 114
http://www.firstlinedata.com
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