CoreLogic Tool Targets Borrower Fraud

Sacramento, Calif.-based CoreLogic, a provider of mortgage risk assessment and fraud prevention systems, has developed IdentityPro to help clients better manage borrower fraud by modeling borrower transactions and other relevant data to more precisely determine borrower risk.The product, which CoreLogic demonstrated at the Mortgage Bankers Association's National Secondary Market Conference & Expo in Chicago, assesses a borrower's likelihood to commit the type of mortgage fraud most likely to cause financial loss by using behavioral analysis that reveals suspicious patterns. In addition, IdentityPro includes compliance and misrepresentation capabilities to spot identity theft, straw borrowers, and owner-occupancy misrepresentation. CoreLogic can be found on the Web at http://www.corelogic.com.