Data Facts Lending Solutions Blog

5 Facts You Should Know About Mortgage Fraud

Posted by Matt Holmes

Mar 16, 2020 9:02:00 AM

It’s unclear the implications that COVID-19 will have on the housing market, but it appears the demand for mortgages isn’t going anywhere any time soon. When the market is competitive, buyers want to jump in, and as a result many will break the rules. Mortgage fraud is an ongoing problem that can cause you financial harm, so you should be taking the necessary precautions to avoid it. Here’s 5 quick facts you should know about mortgage fraud.

Read More

Topics: mortgage fraud, Fraud

Why Lenders Need to be Concerned About Wire Transfer Fraud

Posted by Susan McCullah

Feb 14, 2018 9:13:00 AM

Wire transfer fraud is one of the most serious trends in the mortgage industry. Recent Fannie Mae and FBI fraud alerts on wire transfer fraud identify more than 14,000 instances of this fraud scheme over the last year. Under this fraud scheme “hackers” use social engineering or computer intrusion techniques to send out a change of wire transfer instructions with the “new” account information.

Read More

Topics: Mortgage compliance, Fraud, compliance tips for lenders, mortgage lending services

Data Facts Helps You Detect & Reduce Mortgage Fraud

Posted by Jennifer Hamby

Apr 17, 2015 7:45:00 AM

More 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.

Read More

Topics: mortgage fraud, Fraud, mortgage lending services

New call-to-action

Subscribe to Email Updates

Follow Us:

Recent Posts

Posts by Topic

see all
Go to Top