Carlsbad, California-based BasePoint Analytics has announced the availability of FraudMark™ for Origination 2.0, which is the latest version of the company’s predictive analytic technology programs.
The updated version of FraudMark was designed to include newly tailored model segments that adapt to the unique portfolio characteristics of prime, Alt-A, and nonprime loans. FraudMark also maintains market-leading detection rates and low false positives on all portfolio types. Some of FraudMark’s updated features were designed specifically to help lenders temper their loss risk.

The Proprietary Dynamic TRAITS feature on the program has been upgraded so individual entities involved in the mortgage transaction, such as brokers and account executives, are scored on their fraud risk. The program also includes new risk tables and data evaluation using a social security number issuance table and death master files to evaluate fraudulent activity.
Tim Grace, president and CEO of BasePoint Analytics, emphasizes the benefit of applying analytic technology to detect fraud. “FraudMark has been very well received by lenders in their aggressive fight against fraud,” said Grace. “Our customers can depend on us to continue to innovate as we have with FraudMark 2.0 and bring the next generation of technology and tools to combat fraud.”
For more information, visit www.basepointanalytics.com.