Data Facts Lending Solutions Blog

Data Facts Helps You Detect & Reduce Mortgage Fraud

by Jennifer Hamby

Apr 17, 2015 7:45:00 AM

key-to-house-in-maze-shows-property-search_fyMjUMDuMore sophisticated fraud schemes and new regulations mean your mortgage lending services need to include fraud and verification tools optimized for today’s lending environment. Now, more than ever, you need to know whether the information behind loan documentation is authentic.

Since mortgage lending has changed over the last few years and more changes are coming in the years ahead, it’s imperative that your information provider has the ability to keep up with the evolution in the market.

Data Facts, Inc. has comprehensive solutions to quickly and efficiently access multiple information sources to detect fraud risk and errors in mortgage applications early in the application review process.

Data Facts, Inc. enables you to examine hundreds of critical data points in a loan application using multiple reliable data sources, including the IRS, HUD, credit reports, property records, and others to catch inaccuracies.

Data Facts, Inc.’s solutions also help you to cost-effectively comply with FHA, Fannie Mae (including LQI), Freddie Mac, Financial Industry Regulatory Authority (FINRA) and Consumer Finance Protection Bureau (CFPB) regulations, as well as the FACT Act, the SAFE Act, the Dodd-Frank Act and others.

Data Facts Mortgage Fraud Verification Services enable you to:

-Reduce risk and mitigate fraud losses
-Improve your application review process
-Comply with evolving regulations

Topics: mortgage fraud, Fraud, mortgage lending services

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