Mortgage fraud is evolving. Is your technology keeping up?
Mortgage application fraud is a critical issue for lenders, costing billions annually. This means a clear understanding of the fraud landscape and technology that can identify anomalies is more important than ever. Application fraud — lying, omitting, or falsifying information to try and receive more favorable loan terms — can involve false data relating to borrower identity, employment status and income, or misrepresenting the source of funds for a downpayment.
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