DISSCOData Integrity Search and Score (fraud detection)
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The integration between OpenClose MTG and Interthinx will enable loans to be instantly and seamlessly submitted to DISSCO for automatic screening for potential mortgage fraud, explained Regalbuto.
DISSCO is an electronic fraud-prevention tool that is designed to reduce the risk associated with mortgage lending due to fraud.
Specific to Beanstalk Network's OpenClose MTG platform, DISSCO will form a protective barrier around its users' portfolios, allowing them to identify and deal with loans that indicate fraudulent characteristics before they further impact the market.
DISSCO then produces a detailed report with step-by-step recommendations for lenders on how to respond.