CoreLogic Hosts Mortgage Fraud Consortium Members Meeting June 7-9 in Atlanta
Email Dan Smith
June 07, 2011, Santa Ana, Calif. –
—Leading Lenders Gather with Government and Industry Experts to Discuss Trends and Share Best Practices—
CoreLogic (NYSE: CLGX), a leading provider of information, analytics and business services, today announced the commencement of its CoreLogic Mortgage Fraud Consortium members’ meeting today through June 9 in Atlanta, Georgia.
This meeting of the CoreLogic Mortgage Fraud Consortium brings together the mortgage industry’s leading lenders responsible for the majority of U.S. mortgage originations to discuss emerging mortgage fraud trends and share best practices. Sessions are facilitated by CoreLogic fraud consultants and product managers who have hands-on experience at more than 50 financial services fraud operations. Member presentations will feature tools and techniques for combatting valuation fraud, collusion and internal fraud, first mortgage fraud and home equity fraud. Industry guest speakers include individuals from the Federal Bureau of Investigation and Rudow Law Group. Michael Stephens, Acting Inspector General for the U.S. Department of Housing and Urban Development, will provide the closing keynote presentation at the conference.
“Lenders look forward to CoreLogic Mortgage Fraud Consortium meetings because it is their opportunity to share about the pressing fraud and risk issues they are experiencing today, and discuss ‘best practices’ responses to new and emerging trends affecting our industry,” stated Tim Grace, senior vice president, Product Management and Analytics, at CoreLogic. “Two topics of continuing interest to our members that will be discussed are the on-going risk posed by suspicious short-sale transactions and the growing challenge of fraud in the settlement process; collectively, these topics represent hundreds of millions of dollars of potential annual loss to mortgage lenders.”
CoreLogic hosts Mortgage Fraud Consortium member meetings four times per year. The Consortium was founded in 2008 and is the only national group of its size that offers complimentary membership and member-driven meeting agendas and data usage policies. Members represent more than 70 percent of the U.S. mortgage originations market and have agreed to contribute their loan information in exchange for quarterly fraud reporting and analytics, along with the benefits available from their use of CoreLogic consortium-based mortgage fraud products. Members of the Mortgage Fraud Consortium have contributed more than 90 million loan applications to date and are adding eight to 10 million applications per year.
Lenders wishing to learn more about the Mortgage Fraud Consortium should contact their CoreLogic sales representative or visit www.corelogic.com to contact sales.
CoreLogic (NYSE: CLGX) is a leading provider of consumer, financial and property information, analytics and services to business and government. The company combines public, contributory and proprietary data to develop predictive decision analytics and provide business services that bring dynamic insight and transparency to the markets it serves. CoreLogic has built the largest and most comprehensive U.S. real estate, mortgage application, fraud, and loan performance databases and is a recognized leading provider of mortgage and automotive credit reporting, property tax, valuation, flood determination, and geospatial analytics and services. More than one million users rely on CoreLogic to assess risk, support underwriting, investment and marketing decisions, prevent fraud, and improve business performance in their daily operations. The company, headquartered in Santa Ana, Calif., has more than 10,000 employees globally with 2010 revenues of $1.6 billion. For more information visit www.corelogic.com.
CoreLogic is a registered trademark of CoreLogic.