A Carlsbad, Calif.-based company is offering a new fraud detection product for mortgage lenders, investment banks and due diligence firms.

BasePoint Analytics, a provider of fraud analytics and fraud consulting services, today released FraudMark, combining two approaches for finding fraud. The model is based on behavioral trends for applicants, brokers and appraisers as well as historical patterns of both fraudulent and non-fraudulent loan applications.

FraudMark also includes model performance reports that indicate how many fraud applications will be detected at each score level, the false positive at each score level, as well as the number of applications anticipated to score within each score level. Lenders can set and change staffing, real-time decision criteria, and risk tolerance levels based on their individual risk management and production goals.

Lenders can score all applications at multiple times during the loan origination process as additional information is accumulated. When combined with industry best practices in loan review processes and strategies, underwriters and risk managers now have the ability to review and verify only the highest-scoring loans.

BasePoint Analytics also provides initial fraud assessments to help lenders understand historical fraud loss rates as well as current risk exposure. Fraud managers who were previously employed by companies such as Wells Fargo, Bank of America, Capital One, Providian and Visa International show lenders opportunities for loss reduction, metrics for measuring fraud initiatives and solutions, as well as best practice fraud review processes and strategies.

The services aim to help lenders understand their fraud reduction opportunities and overall return on investment. During the product implementation, these same fraud experts work onsite with lenders to help design fraud prevention organizations and best practice loan review processes and strategies.


Send tips or a Letter to the Editor to jessica@inman.com or call (510) 658-9252, ext. 133.

Show Comments Hide Comments


Sign up for Inman’s Morning Headlines
What you need to know to start your day with all the latest industry developments
By submitting your email address, you agree to receive marketing emails from Inman.
Thank you for subscribing to Morning Headlines.
Back to top
Only 3 days left to register for Inman Connect Las Vegas before prices go up! Don't miss the premier event for real estate pros.Register Now ×
Limited Time Offer: Get 1 year of Inman Select for $199SUBSCRIBE×
Log in
If you created your account with Google or Facebook
Don't have an account?
Forgot your password?
No Problem

Simply enter the email address you used to create your account and click "Reset Password". You will receive additional instructions via email.

Forgot your username? If so please contact customer support at (510) 658-9252

Password Reset Confirmation

Password Reset Instructions have been sent to

Subscribe to The Weekender
Get the week's leading headlines delivered straight to your inbox.
Top headlines from around the real estate industry. Breaking news as it happens.
15 stories covering tech, special reports, video and opinion.
Unique features from hacker profiles to portal watch and video interviews.
Unique features from hacker profiles to portal watch and video interviews.
It looks like you’re already a Select Member!
To subscribe to exclusive newsletters, visit your email preferences in the account settings.
Up-to-the-minute news and interviews in your inbox, ticket discounts for Inman events and more
1-Step CheckoutPay with a credit card
By continuing, you agree to Inman’s Terms of Use and Privacy Policy.

You will be charged . Your subscription will automatically renew for on . For more details on our payment terms and how to cancel, click here.

Interested in a group subscription?
Finish setting up your subscription