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.
Tag: Fraud
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.
Steve Ozonian of Williston Financial Group on Fraud and Security
Steve Ozonian is President and CEO of Williston Financial Group, Portland, Ore. Over the course of his career, he has engineered growth of multiple real estate related businesses.