Mortgage Fraud and Collateral Fraud
Instantly identify loans in your portfolio that require additional review and processing by separating out high-risk loans from low-risk loans. Once your high-risk loans are identified, you can make optimal use of your time and resources by focusing due diligence and manual review efforts on these high-risk loans while fast-tracking the low-risk loans for approval.
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LoanSafe® Risk Decision System (RDS) is the latest and most advanced automated mortgage risk management tool. LoanSafe RDS enables residential mortgage originators and investors to efficiently assess the value risk and fraud potential in a loan transaction. LoanSafe RDS performs an integrated analysis of the agent, collateral, borrower, and credit characteristics to calculate a risk score and identify loan characteristics of greatest concern.
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The LoanSafe® risk management tool enables residential mortgage originators and investors to efficiently and completely assess the value risk and fraud potential in a loan transaction by simultaneously examining broker, borrower and collateral characteristics. This solution promotes proactive rather than reactive risk management practices by quickly identifying high-risk loans thus reducing overall loan default exposure.
Literature
The introduction of HistoryPro™ and its pioneering F-Score forever changed the mortgage lending landscape. Today, HistoryPro is used by nine of the nation’s top 10 mortgage lenders, leading Wall Street investment firms and mortgage insurers to analyze and grade the collateral risk associated with a loan transaction.
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Loans flagged for appraisal review typically consume valuable time and expensive staff resources. With HistoryPro Review™, clients can streamline the process by automating many steps of the traditional review cycle and consistently applying business rules and guidelines across the entire company.
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Whether working in-house or as an external agent or broker, unscrupulous mortgage professionals can threaten profitability by using their knowledge and experience to introduce risk. To address the issue, First American CoreLogic created ThirdParty Scorecard™, the first and only mortgage industry tool that enables lenders, investors and insurers to grade frontline loan representatives on collateral risk.
Literature
Property Information
Real Estate Records
Property Value
Fraud Prevention
Trends and Marketshare
Property Maps and Aerials
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