Mortgage Data Validation Services

Mortgage Fraud

The volume of mortgage fraud continues to grow, with the FBI mortgage fraud group projecting more than 75,000 suspicious activity reports to be filed in 2010.  In response to the financial risks associated with this trend, regulators, investors and lenders are requiring a thorough review of borrower and collateral information using independent means.

The Mortgage Data Validation Services provide a comprehensive, independent and objective review of loan data to enable lenders to quickly detect discrepancies, enable compliance and thereby reduce the risk of loan repurchase.

Reduce Risk of Fraud Losses

Upload the loan file once, and instantly search billion of public records and rapidly return concise reports which detail discrepancies, warnings and risk factors.  The reports reduce lender risks with independent and objective verification.

Easy ordering

  • One access point to billions of public records
  • Flexible implementation
  • Reduce false positives
  • Concise validation reports
  • Actionable risk score

Reduce risk of fraud and repurchase

  • Independent and objective verification
  • Comprehensive suite of fraud detection reports
  • Robust tracking and reporting
  • A trusted partner with 12 years of experience

Enable Compliance with Industry Guidelines

The validation services enable lenders to quickly identify discrepancies, track issues, reduce the risk of fraud and enable compliance with internal and secondary market requirements.

  • Fannie Mae LQI requirements
  • Red Flag Rule section 315 investigation
  • US Patriot Act section 326
  • Freddie Mac Fraud Bulletin 
  • Approved by CitiMortgage
  • BSA, OFAC-SDN, In-house watch lists

Mortgage Data Validation Services Sample

Mortgage Data Validation Services Data Sheet