An Internet-based software system that aims to address the growing problem of mortgage fraud debuted this week.

Mountain Lakes, N.J.-based Ciercus Systems’ new product combines mortgage closing data collection and warehousing with closing agent registration and real-time access to executed closing documents.

Earlier this month, the company announced a certification program for closing agents through its subsidiary, Professional Assurance, and dozens of real estate professionals have registered with the system to obtain certification status, the company said.

Ciercus executives are in discussions with a major industry fraud fighting company to partner together to enhance the reach of the Ciercus System in the marketplace, according to an announcement.

Communities nationwide lost an estimated $1 billion to residential real estate loan fraud in 2005, according to the Federal Bureau of Investigation. That was up from $429 million in 2004. Experts in the field advocate a combination of employee training and technology as the optimal way to fight mortgage fraud.

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.
Success!
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
×