"We have seen an increase in our loan production over the past year and a half, which is mainly due to a decrease in broker production and the high demand for FHA loan products," said Lee Dean, vice president of national sales for Frontier State Bank. "Not only has Kroll Factual Data saved us time and money, they have solved several key issues for us and helped the bank become more profitable and efficient."

According to an April 2009 report by the Financial Crimes Enforcement Network, 66 percent of mortgage fraud is undetected until the loans are funded. Frontier State Bank recognized a flaw in the industry standard practices that allow verification documents to pass through the hands of borrowers and other interested parties and responded by selecting Kroll Factual Data to provide independent capacity-to-pay verifications on all of its loans.

"With fraud at epidemic levels, it is obvious that the old ways aren't working," said James Donnan, president, Kroll Factual Data. "Frontier is demonstrating bold leadership and a strong commitment to safety and soundness by requiring independent verification on all loans presented to them by their wholesale and retail channels."

Kroll Factual Data's economies of scale and proprietary processes allow them to deliver independent verifications at a lower overall cost than doing the verifications with in-house resources or by assembling a complex set of disparate verification products. Since the verifications are performed externally to the lender's operation and billed according to actual use, lenders also ensure that expense stays in sync with volume for higher profits and better capital efficiency. The detailed billing and reporting that is included with the service increases traceability and transparency for Real Estate Settlement Procedures Act (RESPA) compliance. To give lenders an extra measure of protection against the risk of errors, Kroll Factual Data's verifications are backed by representations and warrantees of accuracy. Lenders can customize the solution to include a wide range of independent verifications and risk assessment analytics as required for their specific risk management program. For more information on Kroll Factual Data's Independent Verification Solutions, call 800-929-3400 or visit the company's Web site at www.krollfactualdata.com.

About Kroll Factual Data

Kroll Factual Data is a leading provider of business information to mortgage lenders, banks, credit unions, property management firms and other businesses. For more than 20 years, Kroll Factual Data has helped business make prompt, accurate decisions by combining innovative services with cutting-edge technology and industry-leading customer service. Kroll Factual Data is a subsidiary of Kroll, the world's leading risk consulting company. Kroll is a subsidiary of Marsh & McLennan Companies, Inc. (NYSE: MMC), the global professional services firm. For more information, visit www.krollfactualdata.com.

About Frontier State Bank

Frontier State Bank has been providing superior financial services to Oklahoma City and the surrounding metro for over 30 years under the same local ownership that founded the bank in 1975. Frontier provides a full array of mortgage banking and banking solutions for personal and business needs, including the secure convenience of online banking and bill pay. Visit the bank's Web site at www.frontier-ok.com.

A service of YellowBrix, Inc.