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According to CoreLogic’s latest Mortgage Fraud Report, there was a 12.4 percent year-over-year increase in fraud risk at the end of the second quarter of 2018, as measured by the CoreLogic mortgage application fraud Risk Index. The analysis found that during the second quarter of 2018, an estimated.
· The report states there has been a 12.4% increase in mortgage application fraud since the second quarter of 2017. This is the highest increase in seven years according to the National Mortgage News. The report is based on residential mortgage applications processed by CoreLogic LoanSafe Fraud Manager.
According to mortgage-fraud researchers. “The typical scenario is a new job with a significant pay increase or a high-paying first job out of college,” said CoreLogic in its fraud report. “Some.
As it stands, the report showed a 3.9% year-over-year increase in fraud risk, as of the end of the second quarter of 2016. CoreLogic’s Mortgage Fraud Report analyzes the collective level of loan.
Figure 10 in the report provides more detail. CoreLogic is able to produce fraud metrics at the national, state, MSA, SCF and neighborhood levels.
market conditions, especially the marked increase in foreclosures and Real Estate Owned (REO) properties," said Rob Walker, executive vice president of Collateral Valuation, First American CoreLogic. "All lenders, large and small, can benefit from ValuePoint4 Default and Property Verification Reports by more accurately and
· Mortgage fraud risk has increased continually for the last seven quarters, according to CoreLogic. The analytics firm’s latest mortgage fraud report showed a 12.4% year-over-year spike in.
Bridget Berg, principal, fraud solutions at CoreLogic, says according to the firm’s latest research, the U.S. mortgage market has seen a 10% increase in fraud risk since the first quarter of 2018..
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· - Overall fraud in mortgage applications jumped by 12.4 percent from a year ago, according to realty analytics firm CoreLogic, which has access to a massive national database of loan.
· First American CoreLogic, a member of The First American Corporation family of companies, has announced that Wells Fargo, one of the industry’s top mortgage originators, is implementing First American CoreLogic’s LoanSafe Fraud Manager.
CoreLogic , a global property information, analytics and data-enabled solutions provider, today released its latest Mortgage Fraud Report. The report shows a 12.4 percent year-over-year increase in fraud risk at the end of the second quarter, as measured by the CoreLogic Mortgage Application Fraud Risk Index.