While you focus on disposing of distressed assets, investors and fraudsters are relentlessly working to profit at your expense through flipping and fraud. Industry wide, fraud losses are estimated at $310 million for short sales alone—on top of the losses inherent in every short sale. But, it doesn’t have to be a lose-lose proposition.
We’ve leveraged the power of our revolutionary CoreLogic Mortgage Fraud Consortium to create innovative monitoring and alert solutions that help you curb fraud, optimize pricing policies and enforce contractual holding-period clauses. Using the nation’s largest contributed loan-application database—including up to 65% of all loan applications transacting nationwide—we continually cross-reference your short sales against new applications submitted daily to ensure you have visibility to all offers and pending loans on your property.
Fighting fraud and maximizing value takes diligence and a helping hand. Unnecessary losses average $41,500 per transaction, making it imperative to pay close attention to your properties before and after they sell. Contractual holding-period clauses, the industry’s best legal defense against fraud, are great tools, but difficult to enforce at scale. Our Short Sale Monitoring Solution combines pre-and post-sale monitoring to help you do the following:
- Prevent fraudulent quick flips
- Enforce contractual holding-period clauses
- Curb missed-opportunity losses
- Analyze short-sale performance
- Reduce short-sale losses
- Blacklist fraud-related parties (agents, brokers, appraisers)
Balancing sales prices and holding costs is a difficult task. Even the surest best-practice approach will occasionally miss the mark, especially with so many people waiting to jump on your mistakes and trying to manufacture good deals. REOWatch™ monitors post-sale activity to help you continually evaluate and optimize pricing strategies and limit flipping. As with Short Sale Monitoring, REOWatch also helps you to enforce contractual holding clauses, analyze REO performance, maximize pricing, reduce losses and blacklist fraud perpetrators.
Stop the Losses
Visit REOWatch and Short Sale Monitoring Solution to find out more. You’ll also be able to download our comprehensive Short Sale Research Study assessing the current short-sale climate from the Short Sale Monitoring Solution product page.
Call us today: 1-866-774-3282