Mortgage Fraud Report
Mortgage Fraud
Mortgage fraud has grown by 1,000% since 2000. Regulators and secondary market investors are requiring originators to validate more of the borrower and property data using independent third-party sources to help combat this trend
Mortgage Fraud Report (MFR)
The Mortgage Fraud Report (MFR) enables lenders to quickly identify discrepancies, track issues, reduce the risk of fraud and complywith their secondary market requirements. The MFR searches billions of public records and returns concise, real-time reports to streamline the verification process. Instantly access billions of public records to detect discrepancies in:
- Borrower ID
- Liens
- Subject property
- Employment
Highlights
- Detect fraud sooner
- Instantly verify key application data
- Detect dlscrepancies and potential risk factors
- Score ID theft risk
- Comply with secondary market requirements
- US Patriot Act Section 326 compliant
Reduce validation time & costs
- Order credit, all products along side MFR
- No borrower data re-entry
- Streamline validation
- Concise validation reports
- Actionable risk score
Detect Fraud Sooner and Protect Your Bottom Line
The MFR is available from within the SharperLending platform. The Fraud button orders the MFR, which is a 30-second product that instantly accesses and validates data across billions of public records from the leading national databases. Order all mortgage products from the same place and eliminate data re-entry.
