Topic: data services integration

Launched: Rapid Reporting Employment Chek

Bernhard Kappe, Monday, July 20, 2009 @ 1:02 pm

Pathfinder and Rapid Reporting just launched EmploymentChek, the first employment verification tool that captures employment information from individual employers as well as automated subscription services.

Employment income is usually the primary means for an individual to repay a personal loan. Industry analysts estimate that 64% of all mortgage fraud is income- or identity-related, and that 21% of borrower applications have employment misrepresentations.

EmploymentChek is an addition to Rapid Reporting's existing web portal developed in Ruby on Rails.
Working within Rapid Reporting’s existing Rails environment, Pathfinder’s team delivered this highly-robust, first-of-breed solution in just over four months. EmploymentChek enforces anti-fraud best practices, and delivers extremely detailed reports including: extended public records findings and risk flags, responses to each interview question, interviewer’s subjective impressions, and detailed logging of unsuccessful interview attempts.

During development of EmploymentChek, the mortgage industry went through a period of downturn, which shifted priorities for the application. Pathfinder’s use of the Agile development process, which allows on-the-fly prioritization and reimagination of scope and features, allowed us the flexibility to meet the client’s changing needs in a volatile economic climate.

In addition, EmploymentChek’s service-oriented architecture allows for data vendors to be easily swapped out. This modular framework maximizes flexibility and eliminates the need for retooling the application when switching vendors, which saves time and money.

Take a look at the case study for more details.

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