Fraud detection

It is important for lenders to understand in what locations and property types their application fraud risk rests as the market share of purchase loans rises.

Auditing firms cannot be expected to root out evil, or to conduct full forensic investigations.

After surging earlier in the year, the number of mortgage loan application defects remained flat in November, a positive sign when it comes to fraud incidents going forward.

While the nationwide run-up in mortgage loan application defects appears to have slowed, instances of fraud remain on the rise in Texas and Florida.