Hot spots for mortgage fraud risk

Reports point finger at organized crime rings, Realtors

I never really thought about mortgage fraud in terms of geography, but after getting my hands on Interthinx’s quarterly Mortgage Fraud Risk Report, I’ve had to change my point of view.

Interthinx of Agoura Hills, Calif., provides risk mitigation and regulatory compliance tools for the financial services industry and what it has been able to do is mine its data to locate nodes of mortgage fraud risk.

The operative word here is "risk," because Interthinx’s fraud detection tools find discrepancies in loans, but the company can’t use the word fraud unless litigation is brought forward, so "mortgage fraud risk" is the phrase it has devised.