A new analysis from LexisNexus examines the increase in costs for originators, servicers and settlement firms related to mortgage-related fraud costs.
Read More »Insurance Fraud Caused Up to $9B in Additional Claims Last Year
According to a new report from the National Insurance Crime Bureau (NICB), fraudulent claims cost insurers between $4.6-9.2 billion in extra disaster claims in 2021, a cost that is eventually passed down to consumers by way of insurance premiums. In ...
Read More »Uncovering the True Cost of Mortgage Fraud
LexisNexis has released its first True Cost of Fraud for Real Estate study which examines fraud trends for the United States based on the answers of 360 risk and fraud management executives which found that mortgage lenders are especially vulnerable through online ...
Read More »The True Cost of Fraud
A new survey reveals the real price paid by mortgage lenders in cases where fraud occurs, as for every $1 in fraud in 2021, lenders spent $4 to recover their losses.
Read More »Fraud Risk Down Due to More Refinance Volume
The CoreLogic Quarterly Mortgage Fraud Brief is a quarterly report that analyzes the top metropolitan areas with the highest mortgage fraud risk based on the company’s research of trends found in residential mortgage loan applications processed through its LoanSafe Fraud Manager. According to the report, authored by Bridget ...
Read More »Fighting Fraud in Default Servicing
Scheiderman and Sherman President and Managing Partners Neil Sherman recently spoke with DS News about the possibility of an impending recession, technological changes in the industry, and what can be done to combat fraud.
Read More »When Mortgage Fraud Hits Home
A Sacramento grand jury charged three people allegedly connected to a more than $7 million mortgage fraud scheme across California. Click through to read more.
Read More »The Risks of Real Estate Fraud
Undisclosed real estate fraud, when an applicant intentionally fails to disclose additional real estate debt or past foreclosures, decreased in Q2, but according to CoreLogic, this fraud type is still one of the msot common forms of real estate fraud.
Read More »Protecting Businesses and Consumers from Fraud
After some high-profile ransomware incidents within the real estate industry, CoreLogic discussed how businesses can protect themselves from attacks.
Read More »Preventing Real Estate Wire Fraud
Cases of real estate wire fraud have increased significantly across the country. Here;s how the Coalition to Stop Real Estate Wire Fraud plans to address this crime.
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