MARISM Solutions
Mortgage Asset Research Institute (MARI), a LexisNexis® Service, has been servicing the mortgage and banking industries with essential risk management solutions since 1990.
MARI is a leading provider of information services to the Financial Services industry, to provide innovative solutions and expand upon fraud fighting services that include the Mortgage Industry Data Exchange (MIDEX®). MARI developed MIDEX as a powerful weapon used to defend its subscribers against mortgage fraud and the perpetrators of fraudulent schemes. Since 1990, MARI has grown to become an industry recognized leader and premiere provider of information solutions about mortgage professionals and companies.
Protect your assets. Protect your company. Fight fraud with MARI, your trusted solution for combating mortgage fraud, minimizing exposure to financial losses and helping to prevent reputational damage.
Why Use MARI?
Minimizing exposure to risk need not be complex. MARI has the essential tools to help prevent fraud from damaging your organization. More than 70 percent of top industry participants use MARI services to safeguard their assets and protect their reputations by credentialing and monitoring individuals and companies when establishing business relationships. MARI subscribers include secondary market agencies, national and regional lenders as well as mortgage insurers.
MARI Loan Fraud Alert Service Pro
MARI Loan Fraud Alert Service Pro employs a unique combination of comparative loan application analysis and robust Identity Risk Management tools during the prefunding process, flagging loans that exhibit potential fraud patterns, identity and professional risk, and application misrepresentation. Learn more now.
MARI Loan Fraud Alert Service offers an industry-contributed mortgage loan pipeline management database that helps lenders and investors identify patterns of fraud and insider collusion. Learn more now.
Mortgage Industry Data Exchange (MIDEX)
MIDEX is the only industry-contributed repository used for credentialing and monitoring professionals and companies.
MIDEX is a cooperative database, which contains the following:
- Public disciplinary actions and sanctions data
- Non-public subscriber-contributed incidents of misrepresentation; and
- Licensing data
Subscribers use MIDEX to perform:
- Initial background checks on individuals or firms with whom they have a pending business transaction.
- Periodic reviews of all real estate or mortgage professionals with whom they do business.
- Quality control investigations.
MIDEX Services
- Non-public Contributory Incidents Search*
- Public Disciplinary Actions and Sanctions Search*
- Professional License Verification
- Continuous Monitoring (available for all MIDEX services)
- Mortgage Fraud Alert System (MFAS)
- ProWatch
MIDEX is endorsed by Mortgage Bankers Association, and the Manufactured Housing Institute.
Mortgage Fraud Alert System (MFAS)
This cooperative alert system provides subscribers with notifications of ongoing fraud schemes and patterns. Information is contributed by subscribers and other third party sources, and then distributed via electronic notification.
MFAS is endorsed by Mortgage Bankers Association.
Enhanced Due Diligence Solutions
MARI offers extended risk mitigation solutions that provide subscribers with instant access to online and custom services to manage enhanced compliance and background screening of industry professional and companies. Services available include:
- Identity Verification
- Validates identities of individuals and businesses with minimal information.
- Utilizes advanced analytics that produce risk scores to help automate risk-based decision processes.
- Returns immediate results in reports that explain areas presenting the most risk.
- Includes OFAC checks.
- National Credit Check with Social Security Number Fraud Check
- Provides a credit check with a national credit bureau that also returns a credit score.
- Identifies known high-risk fraudulent address information by completing a Social Security Number and Fraud Alert Service check.
- National Criminal File
- Searches more than 100 million criminal records nationwide.
- Provides prison, parole and release information.
- Reveals felony convictions.
- Offers an added check of the Sexual Offenders database.
