Financial, property and consumer information provider CoreLogic has added new capabilities to its LoanSafe mortgage fraud detection solution that allow loan underwriters and analysts to track and review audit reports in real time.
Article image credited to CyberKat / Shutterstock.com
Comments
Related Articles
Data aggregator and analytics provider CoreLogic is offering mortgage lenders free 30-day trials of its real-time income validation tool, IncomeAdvisor.
IncomeAdvisor is designed to help lenders determine whether borrowers are overstating their claimed income, using an analytics model to flag loan applications for further investigation.
The latest version of CoreLogic’s LoanSafe Fraud Manager gives lenders the ability to change fraud detection rules in minutes as they spot new trends employed by fraudsters, the company says.
CoreLogic says the Web-based fraud detection platform employs pattern recognition technology and analytics to determine which loans to review. Giving lenders the ability to change the detection rules that generate alerts allows them to adapt quickly to changing situations, without having to go through their information technology departments, the company said.