RealPage, Richardson, Texas, found more than 75% of survey participants report an increase in rental fraud in their multifamily communities in the past year.
Tag: Fraud
FundingShield: Concerns of Wire, Title Fraud Still High in Q3
FundingShield, Newport Beach, Calif., reported risks of wire and title fraud remained high in third-quarter data, although fairly flat from the previous quarter.
‘Time is of the Essence,’ Law Enforcement Officials Say About Fighting Fraud
WASHINGTON–As the mortgage banking industry becomes increasingly digitized, the potential for cybersecurity crime or fraud remains high. But law enforcement officials speaking at the Mortgage Bankers Association Compliance and Risk Management Conference said steps such as building relationships and being diligent and timely in reporting can help combat it.
Occupancy Fraud Appears to Be on the Rise, Panel Says
WASHINGTON–Occupancy fraud looks to have increased over the past few years, representatives from CoreLogic and Fannie Mae warned at a panel titled “Trending – The Looming Threat of Occupancy Misrepresentation” at the Mortgage Bankers Association’s Compliance and Risk Management Conference.
‘Time is of the Essence,’ Law Enforcement Officials Say About Fighting Fraud
WASHINGTON–As the mortgage banking industry becomes increasingly digitized, the potential for cybersecurity crime or fraud remains high. But law enforcement officials speaking at the Mortgage Bankers Association Compliance and Risk Management Conference said steps such as building relationships and being diligent and timely in reporting can help combat it.
FundingShield Finds Wire, Title Fraud Big Risk in Q2
FundingShield, Newport Beach, Calif., reported wire and title fraud concerns persist at high levels so far this year, finding 50.2% of loans on a $68 billion portfolio in the second quarter had at least one risk issue.
#MBARMQA22: Focusing on the Weakest Links
NASHVILLE, TENN.—The housing market today is nothing like 2008, said Christa Lynn Greco, IA with the Criminal Investigative Division of the Federal Bureau of Investigation, Washington, D.C. But she said changing market conditions make the potential for mortgage fraud ever-present.
#MBATech2022: Mortgage Industry Faces Growing Security Risks
LAS VEGAS—Security risks don’t just mean breaches and ransomware. Increasingly, individuals and companies are losing money due to wire fraud and other attacks.
RMQA21 Fraud Update: ‘Be Alert For Red Flags’
WASHINGTON, D.C.–The mortgage industry needs to be prepared for increased fraud activity as the pandemic and the recession fade, law enforcement, legal and mortgage servicing analysts said at the recent Mortgage Bankers Association’s Risk Management, QA and Fraud Prevention Forum 2021.
RMQA21 Fraud Update: ‘Be Alert For Red Flags’
WASHINGTON, D.C.–The mortgage industry needs to be prepared for increased fraud activity as the pandemic and the recession fade, law enforcement, legal and mortgage servicing experts said at the Mortgage Bankers Association’s Risk Management, QA and Fraud Prevention Forum 2021.