A Web-based service that allows lenders to check loans to make sure they meet regulatory requirements will now also scan for signs of fraud. BasePoint Analytics today announced a distribution partnership with ComplianceEase, in which the company's FraudMark technology will be offered to users of ComplianceEase's Web-based service, ComplianceAnalyzer. ComplianceAnalyzer is an automated system used by mortgage lenders, banks and investment firms to make sure loans comply with numerous local, state and federal laws. FraudMark looks for potentially fraudulent loans by analyzing trends in the behavior of applicants, brokers, appraisers and loan officers, and through historical patterns of activity on loan applications, including those that turn out to be fraudulent. BasePoint says that in les...
Get Inman via Facebook Messenger
Our top headlines delivered once a day.