Majestic Security, a NAMB preferred provider for Red Flag compliance, brings you comprehensive information security solutions though the idBUSINESS Information Security Program. These solutions benefit your business - and improve your bottom line - with everyone you do business with:
YOUR EMPLOYEES: Our platform trains your employees, and provides clear and easy procedures that help your employees get every application right the first time, reducing fraud while speeding approvals.
YOUR VENDORS: The companies you do business with are an extension of your brand. Using our proprietary Vendor Integrity Assessment, you'll have peace of mind knowing that your borrowers' data is safe - and that you're in compliance. And more and more banks are mandating that brokers and affiliates have Red Flag policies in order to process a loan, meaning that if you don't have a policy in place, your business could grind to a halt.
THE GOVERNMENT: Federal and State agencies are cracking down on the mortgage industry. The FTC begins enforcement of the Red Flag Rules on August 1st. Penalties will be up to $1000 per record affected or actual damages - whichever is greater. Don't play Russian Roulette with your business - be compliant and protect yourself.
YOUR BORROWERS: No one's more important. When you verify that your borrowers are who they say they are, you're letting them know that you value their personal information - more than your competitors. In addition, adding our unique "Because We Care" coverage into every loan protects that individual for the next year, and presents a tremendous loyalty-building opportunity.