FundingShield, Newport Beach, Calif., found that in Q1, 43.72% of transactions within a $106.7 billion portfolio were flagged for issues posing significant wire and title fraud risks.
Tag: Fraud
Report Finds Fraud, Forgery Pose Real Risks With Refinances
A report commissioned by the American Land Title Association, Washington, D.C., and conducted by Milliman Inc., Brookfield, Wis., found fraud and forgery claims tied to refinance transactions pose a significant concern.
Federal Law Enforcement on What the Industry Needs to Know About Fraud Trends
WASHINGTON–“The bad guys are always finding new ways to reinvent themselves,” said Stavros Nikolakakos, the deputy special agent in charge of the Washington field office, United States Secret Service.
Cotality: Mortgage Application Fraud Steady in Q1 2025
Cotality, Irvine, Calif., released its National Mortgage Application Fraud Risk Index for Q1, finding that the index is at 133, down 0.3% from Q4 2024.
First American’s Sarah Frano on AI-Driven Fraud: The Hidden Threat in Real Estate
The tools and technologies powered by artificial intelligence continue to evolve rapidly, and while the real estate industry is harnessing AI to automate everything from property valuations and predictive analytics to customer relationship management and fraud prevention, scammers are harnessing AI to identify targets, rapidly scale their schemes and avoid detection.
FundingShield: Fraud Risk Report Shows Slight Drop
FundingShield, Newport Beach, Calif., found that during the third quarter, 46.43% of transactions on an $82 billion portfolio of residential, commercial and business purpose loans had issues leading to a risk of wire and title fraud.
CoreLogic: Mortgage Application Fraud Risk Index Up 8.3% in Q2
CoreLogic, Irvine, Calif., released its latest fraud report, finding that its Mortgage Application Fraud Risk Index increased 8.3% year-over-year in the second quarter and 1.1% from the first quarter.
Fraud Panel: Watch Out for ‘Low-Hanging Fruit,’ Synthetic Identities, Business Email Compromises
WASHINGTON, D.C.–Experts took to the stage at the Mortgage Bankers Association’s Compliance and Risk Management Conference Sept. 23, to highlight the importance of being vigilant in all aspects of digital life and provide insights into fraud trends that could be seen by those working in the mortgage industry.
FundingShield Finds Fraud Risk Still High in Q2
FundingShield, Newport Beach, Calif., released its second-quarter report, finding that 47.08% of transactions in a $74 billion portfolio including residential, commercial and business purpose loans presented some risk.
FundingShield: Fraud Risk Still High in Q2
FundingShield, Newport Beach, Calif., released its second-quarter report, finding that 47.08% of transactions in a $74 billion portfolio including residential, commercial and business purpose loans presented some risk.