IdentityPro®

Using state-of-the-art behavioral analysis that reveals suspicious patterns, IdentityPro® assesses a borrower’s likelihood to commit lending fraud. Representing a revolutionary step beyond more
traditional identity verification methods, IdentityPro offers a more effi cient and certain path to isolating borrower risk with the highest potential for impacting loan loss. Whether applied to a single loan or a loan pool, IdentityPro is the ultimate tool for zeroing in on borrower fraud.

In recent years, real estate fraud has become one of the mortgage banking industry’s most destructive concerns. Risk management tools from First American CoreLogic alleviate the problem by strengthening mortgage originators’ and investors’ ability to detect
potential fraud when originating or purchasing a loan.

Identity theft and other borrower-based fraud techniques are becoming more sophisticated, exacting an increasing toll on profits. Compliance and misrepresentation tools alone are no longer adequate to address these threats. Lenders and investors need more refi ned methods to profi ciently detect the types of borrower fraud most likely to result in early payment default and increased loss severity.

First American CoreLogic’s IdentityPro delivers the edge lenders need to stay ahead of dishonest borrowers. By harnessing advanced pattern recognition technologies, IdentityPro clearly distinguishes
borrower patterns often associated with fraudulent activity. IdentityPro works by modeling borrower transactions and other relevant data to more precisely determine borrower risk. In addition, IdentityPro includes compliance and misrepresentation capabilities to spot identity theft, straw borrowers and owner-occupancy misrepresentation.

PUTTING IDENTITYPRO TO WORK

IdentityPro can deliver critical assistance during loan application, underwriting or pre-funding review by spotting a borrower’s living, buying and selling patterns. IdentityPro’s easy-to-use interface and
reports provide alerts for questionable activity, including transient behavior, owner occupancy, property value change, and SSN activity.

RULE SETS CUSTOMIZED FOR YOUR BUSINESS

First American CoreLogic built IdentityPro with the fl exibility to support each customer’s unique requirements. Lenders and investors determine the rules that align with risk tolerances, business models and geographic factors that are right for them.

KEY BENEFITS

• 
  Promotes proactive risk management practices
• Quickly identifi es and minimizes borrower-related loan risk
• Stops fraudulent loans before they are funded
• Accelerates decision making and lowers operating costs
• Delivers easy-to-use report summaries via Web-based HTML, XML service,
  or bulk processing

POWERING YOUR WORKFLOW

Once IdentityPro is incorporated into the workflow, lenders can increase production and pull-through rates by streamlining the approval process for acceptable loans. Alerts and flags included in the IdentityPro report act as guideposts to speed review and decision making. Business moves faster, on solid footing, as the organization’s decision intelligence grows. IdentityPro is the business tool for verifying and categorizing borrower fraud risk.