FRAUD RISK & QC REVIEW
Mortgage fraud reportedly found in borrower assets and income sources (2019)
Source: FNMA Mortgage Fraud Investigative Findings 2005-2019
1 in 5
Lenders received 1 in 5 paystubs falsified manually or via internet-based tools
Source: PointPredictive, Feb 2019
FTE hours required to complete investigation into fraud attack and litigation fees
Source: 2019 Pitch Point
Mortgage fraud in loan applications will always pose a threat to lenders validating their borrowers' ability-to-repay. Our robust risk mitigation tools monitors and identifies fraudulent data through the entire loan process. Trust SERVICE 1st throughout the loan cycle to assure regulatory compliance and peace of mind.
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+ QC Credit Reports
Meet regulatory requirements with this soft inquiry credit report designed for loan servicers and QC companies.
+ Regulatory Compliance
+ Application Data Validation
+ Undisclosed Debt Monitoring
+ Wire Fraud Services
+ Fraud Reports
Reports summarize results by branch and loan type. Includes findings, warnings and risk score of identity, employer, unlimited mortgage participants, borrower occupancy, lien and judgement search, valuation, and subject property verifications.