The risk of mortgage application fraud is rising across the country according to a recent study. Click through to learn which areas are most prone to this risk.
Read More »Defect Frequency in Mortgage Apps on the Rise
The frequency of defect, fraud, and misrepresentation in information submitted during the mortgage application process has increased over the past year according to the First American Loan Application Defect ...
Read More »Rising Rates Might Lead to Increase in Defect Risk
Mortgage rates are rising and are likely to influence the risk of defect, fraud, and misrepresentation in mortgage loan application according to the First American Loan Application Index ...
Read More »Shift Towards Investor, Refinance Loans Leads to Higher Credit Risk
A recent report indicates higher risk attributes for both purchase and refinance loans, although the risk levels remain similar to those in early 2000s.
Read More »Asurity Technologies Announces Integrated Compliance Platform
Asurity Technologies, an enterprise formed to provide the financial services industry with RegTech solutions, announced its formation as an entity bringing together Treliant Solutions, LLC, Risk Management Solutions, Inc., and Mortgage Resources Group, LLC into an integrated compliance platform. According to Asurity, this platform will allow lenders to establish compliance, proactively manage a fair lending and redlining risk, and submit for both HDMA and CRA.
Read More »Getting Risky: Defects Rise Slightly
Certain measures of risk rose in December, according to one company’s report. Is this a sign of troubling times to come?
Read More »Strategic Risk and Compliance Among Banks’ Concerns
The Office of the Comptroller of the Currency's Semiannual Risk Perspective for Fall 2016 analyzes the issues that banks need to address in order to be successful.
Read More »Mortgage Fraudsters Ease Up in Q2
As interest rates continue to lower and home values rise, mortgage fraud application risk has fallen 8.9 percent from the second quarter of 2014 to the second quarter of 2015, according to CoreLogic's October 2015 Mortgage Fraud Report. The Mortgage Application Fraud Risk Index showed that approximately 12,814 of mortgage applications, or 0.67 percent, contained fraud in the second quarter of 2015.
Read More »Purchase Loans Risk Rises for the Seventh Consecutive Month
Agency purchase loans became just a bit riskier in July 2015, climbing upward by 0.6 percentage points from the previous July and marking the seventh consecutive month with a year-over-year increase.
Read More »Managing the Unintended Consequences of TRID
Commentary is an ongoing series on theMReport.com that focuses on opinions, ideas, and insights from experts across mortgage banking. This advisory piece features Melissa Kozicki, director of compliance for the Mortgage Builder Division of Altisource, discussing the upcoming implementation of the TILA-RESPA Integrated Disclosure rule, and how mortgage bankers must put a plan in place to manage vendor liability and risk within the context of the new rule.
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