CoreLogic is now offering financial and government institutions a tool that provides them information in order to combat mortgage fraud.
The mortgage fraud prevention and detection resource guide offers insight into the different risk elements that could be present during origination, underwriting, closing, servicing and fraud investigation.
According to CoreLogic, Santa Ana, Calif., the tool will help lenders set risk mitigation policies and procedures for their organizations.
The guide will be updated on a regular basis to incorporate new fraud trends, regulations and practices that prevent and identify a prevalent fraudulent scheme.
There is no cost for lenders to access this mortgage fraud prevention guide, which will be available in both an electronic and print version.
“Mortgage fraud awareness and best practice mitigation techniques are critical to combating mortgage fraud,” said Dave Johnson, vice president and product line manager of fraud and consortium solutions at CoreLogic. “By publishing this guide for the benefit of the industry there is now another strategic tool in the fight against mortgage fraud that not only provides insight into various risk elements, but also provides key tactics that can be used to mitigate that risk to prevent further financial loss.”