Outsourcing | Mortgage Fraud

Mortgage Fraud Outsourcing

Protect your institution from mortgage fraud

Mortgage fraud comes in many forms. It can involve inflated appraisals, falsified loan applications and fake supporting documentation. Or purchase loans disguised as refinance. Or straw buyer loans, air loans, stolen identity, equity skimming and property flipping. And it can originate either internally or externally.

Eliminating mortgage fraud is a priority. Your reputation in the mortgage industry depends on your ability to manage risk.

However, an increased focus on combating fraud also means an increased workload for your mortgage fraud analysts. To cope, you'll often need additional help - but qualified fraud analysts are in short supply. And training existing staff or newly hired employees to help detect and prevent mortgage fraud can be time-consuming and expensive.

There is a viable solution. Wolters Kluwer Financial Services' experts can provide initial or supplemental fraud prevention training, independent risk reviews and file analysis, investigation and recovery services.

Wolters Kluwer Financial Services Mortgage Fraud Services:

• More cost-effective than hiring additional employees, saving you valuable time that would otherwise be spent training and managing new employees.
• Enables you to begin performing unbiased checks for fraudulent activity immediately.
• Flexibility allows you to accommodate sharp changes in market activity levels more easily than if you tried to do so through in-house staffing.
• Allows your organization to remain focused on its core business of mortgage lending

Outsourcing mortgage fraud prevention allows your institution to put the focus back on mortgage lending and gives you the added benefit of independent, third-party experts to help you combat fraud and prevent future such instances.

To contact one of our experts, click here.