How does your team combat present-day mortgage fraud?


Mortgage fraudsters love a busy origination season, and the past two years have delivered on this front. As your staff is diligently processing, underwriting and closing record numbers of mortgage loans, fraudsters are preying on the fact that your team may be too busy to catch them at their game. Tapping into gaps created by remote workforces and leveraging the latest digital improvements, these scammers are constructing bogus documentation that has become increasingly more difficult to identify. On top of this there has been a resurgence in employment verification fraud, as both job and income loss have increased during the pandemic.