Powerful Features to Streamline Your Fraud Mitigation Efforts
LoanSafe Risk Manager utilizes a patented fraud model that analyzes trends based on mortgage application data and contributed fraud outcomes, coupled with a comprehensive analysis of the subject property and surrounding market – resulting in a thorough view of mortgage risk with unprecedented accuracy.
Mortgage Risk Scores
The Fraud and Collateral Risk Scores give instant transparency into the likelihood that a loan file contains material misrepresentation and the degree of foreclosure risk associated with the subject property. Use these scores to tailor the review process accordingly.
Review Alerts and Recommendations
Collateral based appraisal review and fraud alerts highlight specific areas of borrower or participant inconsistency, while appraisal review alerts focus on areas of property or market concern. Each alert offers coinciding recommended actions that direct reviewers to the next step for further investigation or clearing. Alerts can be customized to your review processes and risk threshold, making LoanSafe Risk Manager a unique tool that conforms to your business practices.
Understand and Evaluate Borrower Risk
Get a thorough analysis of the most common fraud risks associated with a borrower.
- Identity Detail: Validates the borrower’s Social Security Number and scans for other identities
- Income Detail: Analyzes the reasonableness of the borrowers reported income.
- Loan Application Summary: Discern if your borrower is linked to other properties which may not be disclosed in the loan application.
Ensure Third Party Compliance
Validate broker, loan officer and other participant information against state and federal databases, as well as your own. LoanSafe Fraud Manager will check:
- NMLS Registration
- And More!
Quickly Analyze Market Data and Property Location
A valuation and street map visually details the subject property’s location and proximity to 15 nearby comparable sales. Variations in map shading provide reviewers with a visual representation of property values within the area.
Single Source for Property Data
Subject and comparable property characteristics, ownership and deed history, mortgage history, foreclosure information and more are combined into a single report section. Reviewers can quickly pinpoint any inconsistencies or unusual patterns in the market, and easily view comparable property data against the subject property.
WHY CORELOGIC IS THE RIGHT CHOICE FOR YOUR BUSINESS
Risk mitigation solutions are only as good as the data behind them - and CoreLogic solutions draw from the most current, complete and relevant property data collection available. In addition, LoanSafe Risk Manager incorporates data from the nation’s largest contributed loan-level database, including:
- Mortgage Fraud Consortium with contributed fraud outcome data and 100 million loan applications
- Publicly recorded data on 99% of U.S. properties
- Built on the LoanSafe® market-leading proprietary risk, undisclosed debt and multi-lien platform
CoreLogic leverages this data, analytics and experience to deliver the solutions that help our clients achieve their business goals. We are ready to help you achieve your business goals.
Contact us today at 866.774.3282 to get started.