We Are the People Who Can Change Your Business

Ready To Help You Reduce Fraud

CoreLogic Fraud and Risk Consulting Services provides you with a rich portfolio of capabilities, adapted to your areas of need by genuine subject experts with years of practical, hands-on experience. Our successful fraud reduction efforts over the last decade for leading financial institutions in the United States, the United Kingdom, and Australia indicate just how widely accepted our capabilities and expertise have been in the global marketplace.

Our elite teams of mortgage fraud and risk strategists operate around the globe, employing the latest techniques to help you expose fraud vulnerabilities, manage risks, and optimize processes.

We’re now ready to help you detect fraud and minimize losses by identifying and implementing your optimal fraud risk mitigation strategy. In our two-stage engagement process, we first deliver insightful, fact-based analysis of your existing program along with our strategic recommendation, then implement an agreed-upon strategy by optimizing applications, adding others if required, streamlining workflows, and aligning disparate corporate fraud approaches. Our services are primarily available as defined packages, but we customize them as needed to fit your needs.

Getting the Most from Fraud and Risk Mitigation

Optimized business and technology processes are essential to mortgage organizations. Many sophisticated tools exist to help you achieve desired performance levels. But getting the most from these tools is not always so easy—ineffective implementations of otherwise “proven” software can frustrate, even cripple, achievement of your hoped-for results. After struggling to overcome such shortcomings—without success—the idea of simply abandoning the software may start to look like your only realistic option. We’ve seen this happen countless times.

Experience with this pattern, however, led us to develop a way for you to realize the full value of any fraud reduction and prevention system-post-implementation. The resulting Fraud and Risk Consulting Services is our ground-breaking service focused on optimizing lender fraud-risk systems and improving loss-reduction results no matter which tools you use.

In a world of constantly evolving fraud attack and counterattack, you can’t expect to put a fraud prevention system in place—and have it maintain its initial level of effectiveness over time. You need to recognize the enemy’s relentless, ongoing efforts—and enlist expert help to counter them.

Service to Improve Your Business Today

You Have Needs. We Have Solutions.

Designed to address the needs of mortgage originators, lenders, servicers, and financial services companies, our Fraud and Risk Consulting Services teams offer customizable combinations of industry business experience and technological expertise. With two levels of engagement, they give you complete cost control no matter what your fraud and loss challenges may be.

Consulting Services—Leveraging Our Experts

Whatever your fraud problems, our people make all the difference when you choose one of our three Consulting Services solutions—either guiding you to a crystal-clear understanding of your challenges, optimizing your fraud-control tools, or helping you manage an urgent fraud crisis:

• Fraud Reduction Analysis – Provides expert analysis of your existing fraud control practices in light of current and likely future trends, with the goal of providing a plan that both maximizes current effectiveness and maps a path to best-in-class fraud operations
  
• Manager for Hire – Lets you place one of our experts—with 5 to 10 years experience managing a fraud department—in a fraud leadership role at your company, to oversee implementation of a new fraud risk management strategy. He or she can stay as long as needed before handing you the reins to manage going forward.
  
• Specialized Product Support – Provides an experienced appraisal and valuation consultant to help you set up new products and workflows quickly—solutions like LoanSafe Appraisal Manager with its sophisticated risk scoring and alerting capabilities

Comprehensive Services—Minimizing Risk, Identifying Opportunities

You may be surprised at the opportunities our experts uncover during an initial fraud analysis. They range from identifying industry-wide fraud rings to balancing lender fraud and false-positive costs to joint fraud reduction. Our Comprehensive Services solutions include:

• Joint Fraud Reduction – You can work with CoreLogic to reduce fraud losses to a contractually-defined level. This service is typically used by companies with high fraud losses that they must cut in six to nine months.
  
• PatternWatch® – Identifies fraud patterns and exposes fraud rings—then defines strategy to neutralize them, minimize losses, and protect against future attacks. While most fraud detection is aimed at transaction fraud, the most expensive exposures are almost always caused by fraud rings operating across multiple loans and companies.
  
• Strategy Optimization – Helps get the most from your fraud detection investment by helping you find an optimal balance between the costs of lender transaction denials and fraud losses. Our consultants, experts in the use of scores, alerts, and strategies, help you reduce false positives while increasing fraud detection.
  

Ready to Meet Our Experts?

We Are the People to Help You

Brian Pozza Gregory Pint Tim Johnson Edward Gerding Georganne Rosenberger Justin Alexander

Fraud and Risk Consulting Services was conceived and developed in support of our belief that no matter how advanced a technology, people are still the most important factor in ensuring that the technology adequately addresses the latest market challenges, evolving government regulations, and the client’s specific business goals.

To that end, our consultants are all experts in fraud and risk management. As former fraud and risk managers from the banking and mortgage industries, they have years of experience working with customers to reduce fraud losses and credit risk, implement or integrate improved analytics, and streamline or introduce best practices, as needed, into fraud and risk management systems.

We Get Results

In beta-test assignments with leading financial institutions, our Consulting Services experts produced measurable success:

• A leading U.S. mortgage lender contracted with Consulting Services to improve fraud detection and reduce false-positive rates. Results of the engagement: a 42% reduction in the application-review rate and an 8% increase in successful fraud detection.
• Reduced appraisal review rates by 33% while increasing overvaluation detection by 36%.
• Completed score and alert optimization projects for major mortgage clients to improve detection & reduce false positive rates.

Solutions to Help Your Business

The fraud prevention solutions delivered by CoreLogic help clients gauge the likelihood of fraud to avoid financial loss through background review and behavioral analysis and revealing suspicious patterns. Our key solutions to help your business include:

LoanSafe Risk Manager™ Suite

Combining our data, analytics and precision into two modules—LoanSafe Collateral Manager and LoanSafe Fraud Manager—work in tandem to minimize collateral risk and maximize fraud detection.
http://www.corelogic.com/products/loansafe-risk-manager-suite.aspx

LoanSafe Fraud Manager™

Uses patented predictive-analytics scoring technology and exposes suspicious mortgage loans at the application stage, enabling lenders, investors and servicers to quickly identify each loan’s fraud risk before or after funding.
http://www.corelogic.com/products/loansafe-fraud-manager.aspx

LoanSafe Appraisal Manager™

A robust, automated appraisal review process can make the difference between poor quality appraisals and those with a high degree of integrity, increased valuation certainty, and reduced risk of loan repurchases.
http://www.corelogic.com/products/loansafe-appraisal-manager.aspx

LoanSafe Collateral Manager™

The next generation in our evolutionary chain of proven collateral risk management products, combining our extensive data with years of experience in econometric modeling to deliver a more powerful collateral risk management tool.
http://www.corelogic.com/products/loansafe-collateral-manager.aspx