CoreLogic Hosts Mortgage Fraud Consortium Members Meeting Oct 5-7 in Chicago
Email Dan Smith
September 28, 2010, Santa Ana, Calif. –
Leading Lenders and Industry Experts Discuss Trends and Share Best Practices
CoreLogic (NYSE: CLGX), a leading provider of consumer, financial and property information and business services, today announced that the next meeting of the CoreLogic Mortgage Fraud Consortium is scheduled for October 5-7 in Chicago.
The CoreLogic Mortgage Fraud Consortium members’ meeting 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 led by CoreLogic fraud consultants who have hands-on experience at more than 50 financial services fraud operations. Government experts from the Federal Bureau of Investigation, Financial Crimes Enforcement Network, Internal Revenue Service and the Department of Justice will discuss current policies and trends. Members will also hear perspectives from invited industry guest speakers representing financial services and verification services companies.
“Since the founding of the CoreLogic Mortgage Fraud Consortium, we have witnessed the benefits of collaborative sharing to mitigate mortgage fraud – lenders are more aware of fraud patterns and, coupled with stricter guidelines, mortgage fraud has continued to decrease,” stated Tim Grace, senior vice president, Fraud Analytics, at CoreLogic. “We look forward to the next members meeting and appreciate facilitating on-going industry cooperation of this magnitude. One of the key issues we expect to discuss is the lenders’ need for more access, speed, and control of their fraud prevention processes.”
CoreLogic hosts the 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 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. The Mortgage Fraud Consortium currently houses more than 80 million loan applications and is growing by 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 http://www.corelogic.com to contact sales. Media may contact Gina Ray at firstname.lastname@example.org or 949-370-0941 to coordinate an interview with a CoreLogic executive about the Mortgage Fraud Consortium members’ meeting.
CoreLogic 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. Formerly, the information solutions group of The First American Corporation, CoreLogic began trading under the ticker CLGX on the NYSE on June 2, 2010. The company, headquartered in Santa Ana, Calif., has more than 10,000 employees globally with 2009 revenues of $2 billion. For more information visit www.corelogic.com.
CoreLogic is a registered trademark of CoreLogic, Inc.