Mortgage Lenders Face Heightened Risk Of Income, Property Fraud
Latest CoreLogic Mortgage Fraud Report finds risk of false W-2's, earnings statements and payroll checks up 27.3 percent from a year ago.
Source: inman.com
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Mortgage fraud risks decrease in Q2
But risks grew after an update in CoreLogic's scoring model
Source: mpamag.com
CoreLogic: Mortgage Fraud Risk Drops by 7.5% Year Over Year in the Second Quarter of 2022
Press release content from Business Wire. The AP news staff was not involved in its creation.
Source: apnews.com
Mortgage loan defect rate improves in 2Q
But the shift to a purchase market means issues around employment and income verification should concern originators.
Source: nationalmortgagenews.com
Mortgage fraud risk is increasing amid slow real estate market
Higher risks for income and property fraud are expected as purchase loans are more susceptible to fraudulent activity: CoreLogic
Source: housingwire.com