NEW Red Flag Identity Theft Prevention Program

Businesses that extend or review credit are required to develop and implement a written identity theft prevention program to comply with Section 114 of the FACT Act - also known as the Red Flag Rules. This includes employers, mortgage brokers, financial institutions, property managers, and more. The following must be included in your identity theft program:

• Identify relevant Red Flags signaling possible existence of identity theft.
• Detect Red Flags that have been identified.
• Prevent identity theft with an appropriate response to Red Flags detected, based on level of risk.
• Mitigate identity theft with an appropriate response to Red Flags detected, based on level of risk.

Mortgage Industry Identity Theft Prevention Program

Due to numerous requests, SARMA now has available a simple to use guideline which is reasonably priced and designed for mortgage companies that do not service their loans and have not had past experiences with identity theft.

This product specifically targets the needs of the mortgage industry and is available online. You can pay with your major credit card and retrieve your customized guidelines immediately! Click here to purchase today and take a step towards your compliant status. Be sure to check out our other products that address other areas of red flag compliance.

NonMortgage Credit Industry Identity Theft Prevention Program

SARMA now has available a simple to use guideline which is reasonably priced and designed for nonmortgage companies using credit processes such as employers, property managers, auto dealers, financial institutions, etc. that have not had past experiences with identity theft.

This product specifically targets the needs of businesses outside the mortgage industry and is available online. You can pay with your major credit card and retrieve your cusotmized guidelines immediately! Click here to purchase today and take a step towards your compliant status. Be sure to check out our other products that address other areas of red flag compliance.

Other Red Flag Tools: Fraud Guard

Fraud Guard helps you DETECT your red flags.

Identifies Possible:

• Impersonations
• Synthetic/Developed Identities
• Data Manipulations
• OFAC Matches
• Fraud Rings

Data & Sources:

• 490,000 known fraud records from shared data
• Demographic data on 215 million consumers
• 200+ million cross-industry application records
• 83 million property ownership records
• 215 million consumer credit records
• 150 million auto registration records
• Social Security Administration
• OFAC SDN List
• Drivers License Data
• Credit Header Information
• Address (USPS Deliverable, Change of Address, etc.)
• Telephone Data, Business Data address, phone

Available on every Trimerge Report or as a Stand-Alone Report. Learn more in our full length brochure on red flag products for mortgage companies and nonmortgage companies.

What Is A Red Flag?

• Alerts, notifications or warnings from a consumer reporting agency such as a fraud alert, active duty alert, credit freeze, address discrepancy, pattern of activity inconsistent with the history (number of inquiries, number of newly opened accounts, material change in use of credit, accounts closed by creditor due to abuse).
• Suspicious identification documents that are inconsistent identification information, appear to be altered or forged, photograph or physical description not consistent with applicant, etc.
• Suspicious personal identifying information such as inconsistencies, address or phone matches with known fraudulent activity or commonly associated with fraudulent activity, used by an unusually large number of other persons, social submitted by other persons or for failure to complete application or provide all identifying information, etc.
• Unusual use of an account or other dubious account-related activity.
• Notices from customers, victims of identity theft, law enforcement authorities or other persons regarding possible identity theft in connection with an account.