Industry NewsMortgage

CoreLogic enhances mortgage fraud detection solution

Secure, Web-based portal tracks loan audit reports and actions in real time

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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. The Irvine, California-based provider of business intelligence and analytics technology has enhanced its LoanSafe Risk Manager and LoanSafe Fraud Manager platforms with LoanSafe Connect, a Web-based portal that enables users to follow audit actions as they happen and work collaboratively with other users involved in the fraud review process. LoanSafe Risk Manager combines industry data, analytics and pattern recognition technology into one risk mitigation report. LoanSafe Fraud Manager quickly identifies fraud risk prior to funding a loan with patented predictive analytics scoring, or analyzes an entire portfolio to take proactive steps to prevent early payment defaults and buybacks. “Lenders and investors rely on LoanSafe to identify potential fra...