Mortgage fraud risk increased 8.2% year-over-year, with an estimated 1 in 118 applications showing indications of fraud, according to Cotality, Irvine, Calif.
Tag: Mortgage Fraud
Multiple Lines of Defense: Combating Fraud in the Digital Closing Era
NotaryCam’s Suzanne Singer writes that as fraudsters innovate, the mortgage industry must respond in kind.
CoreLogic: Mortgage Fraud Risk Drops by 3.1% Year-Over-Year
CoreLogic, Irvine, Calif., found that mortgage application fraud declined 3.1% year-over-year compared to the second quarter of 2022.
CoreLogic: Mortgage Fraud Risk Drops by 3.1% Year-Over-Year
CoreLogic, Irvine, Calif., found that mortgage application fraud declined 3.1% year-over-year compared to the second quarter of 2022.
CoreLogic: Mortgage Fraud Risk Drops by 3.1% Year-Over-Year
CoreLogic, Irvine, Calif., found that mortgage application fraud declined 3.1% year-over-year compared to the second quarter of 2022.
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.
CoreLogic: Mortgage Fraud Increases After Brief Dip
CoreLogic, Irvine, Calif., reported mortgage fraud is increasing again after a brief dip last year.
‘Sudden Uptick’ in Fraud Risk Raises Eyebrows
First American Financial Corp., Santa Ana, Calif., said its monthly Loan Application Defect Index showed a jump in mortgage fraud risk for purchase transactions, the first such increase since last March.