New Century Financial Corp., Irvine, Calif., has announced the adoption of FraudMark, an application by BasePoint Analytics, to supplement the company's mortgage fraud prevention efforts.New Century, a real estate investment trust, said the agreement with BasePoint will allow the REIT to significantly improve its pre-funding fraud detection and prevention and reduce review costs for potentially fraudulent applications. New Century described FraudMark as an application scoring system that "combines the predictive power of loan applicant data with the proven pattern-recognition analytics of BasePoint's fraud modeling technology." BasePoint will also provide fraud consulting services. The companies can be found online at http://www.ncen.com and http://www.basepointanalytics.com.
