Oct. 12, 2009 (PR Newswire) --

POWAY, Calif., Oct. 12 /PRNewswire/ -- First American CREDCO, the leading provider of credit reporting solutions to the mortgage industry and part of First Advantage Corporation (Nasdaq: FADV), today announced the introduction of the ENCORE report at the Mortgage Bankers Association's 96th Annual Convention & Expo in San Diego, Calif. Designed specifically to satisfy today's stringent mortgage lending and documentation requirements, ENCORE is the industry's only comprehensive consumer reporting solution that delivers FCRA-compliant risk analysis for all critical elements of the mortgage application and servicing processes. The report, which delivers a 100% decisionable 360-degree risk view of the consumer and lending transaction, features applicant credit risk, identity verification, applicant income and employment verification, and subject property and market data.

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ENCORE is the first in a series of customizable risk analysis solutions powered by the company's new proprietary nd Merge (nth dimension) Technology(TM) platform. Positioned as the mortgage industry's next-generation solution for risk analysis, nd Merge allows First American CREDCO to instantly access and combine thousands of data elements into a single report. The result is a multi-dimensional full-risk view of the consumer that goes far beyond traditional applicant risk analysis.

"Dramatic shifts in the economic environment along with estimated annual fraud losses reaching $25 billion have forced mortgage professionals to reevaluate how consumer and collateral data is qualified," said John Bauer, executive vice president of business development for First American CREDCO. "ENCORE satisfies a very timely and critical need for accurate, reliable and thorough decisioning data that lenders and servicers can use to quickly evaluate and help mitigate risk on every loan transaction or portfolio."

ENCORE Reporting Components

Driven by public, private and proprietary data sources, ENCORE instantly accesses and sorts thousands of consumer data points covering 99 percent of the population, over 100 million active loans and more than 600 million consumer data records. In seconds, a customizable rules-based analysis of the data is provided, complete with recommended actions. Each report delivers comprehensive decisioning data and analysis on the following:

ENCORE Summary: Features an at-a-glance summary of key consumer and mortgage loan factors, such as mortgage lending activity, subject property data, lien status and credit history of an existing or previous mortgage loan.