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Fraud Prevention Training Tool Developed for Mortgage Industry

CALABASAS, Calif.—May 11, 2006—Interthinx has teamed with mortgage professionals to develop a fraud prevention training video intended to help thwart the expansion of mortgage fraud schemes nationwide. Sponsored by Interthinx and RADAR Multimedia, FSI: Fraud Scheme Investigation is intended to demonstrate the characteristics and identify the red flags in a complicated property flipping scheme.

According to an Interthinx announcement, industry experts agree that effective training content has been an impediment to production- and deadline-oriented mortgage professionals executing effective fraud prevention strategies. As a public service to the mortgage industry, the FSI project adopted an “edutainment” approach intended to combine education and entertainment to achieve maximum adult learning retention, the announcement stated.

“Automated technology and training are key to stemming mortgage fraud at [its] origination,” said Rachel Dollar, Dollar Law Firm, founder of MortgageFraudblog.com and a story consultant on FSI. “The FSI training video project is on target in providing educational training materials that stick in the minds of mortgage professionals. This approach to training enables the mortgage industry to stay one step ahead of fraudsters’ schemes.”

Interthinx said it plans to make the video available for general distribution in September 2006.

www.interthinx.com

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