MARI
MARI is a leading provider of mortgage fraud risk management solutions that include professional license verifications, alert services and mortgage fraud prevention solutions. MARI designed and developed the Mortgage Industry Data Exchange (MIDEX ®) database for the mortgage and financial services industries. MIDEX contains public and proprietary information that is used to perform fraud due diligence and background checks on professionals including mortgage brokers, correspondent lenders, loan officers, appraisers and real estate agents as well as firms in the industry.
Whether users are investigating alleged fraud, ensuring brokers have current licenses, or performing enhanced background and identity checks, MARI is one of the industry's most trusted sources for information on mortgage industry participants.
The Mortgage Industry Data Exchange (MIDEX) is the only industry-contributed repository used for verifying and credentialing professionals and companies. The database contains a unique combination of industry-contributed investigations of adverse activity, public disciplinary and licensing information.
MIDEX is a cooperative database, which contains the following:
- Public disciplinary actions and sanctions data.
- Non-public subscriber-contributed incidents of misrepresentation.
- 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
- Mortgage Fraud Alert System (MFAS)
- ProWatch
The MARI Mortgage Fraud Alert System (MFAS) 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.
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.
