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by CareyBot

LexisNexis has entered the real estate fraud technology arena with the launch of RiskWise, a screening technology that helps lenders and brokers verify a home loan applicant's identity. RiskWise searches multiple databases to verify and validate the authenticity of an applicant's identity and to provide a risk assessment indicator for lenders. The product is designed to work at various stages in the mortgage cycle, particularly at originations and before funding and is available via Web-based searches, batch-processing or through systems integration in existing platforms. The product includes a Social Security number verification function to help combat identity fraud and reduce misrepresentations on applications. Mortgage industry analysts have estimated that more than 10 percent of ho...