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.
Fraud and Collateral Risk Scores
The Fraud and Collateral Risk Scores give instant transparency into the likelihood of material misrepresentation and the degree of foreclosure risk associated with the subject property. They determine the degree of risk associated with loan file and can help tailor the review process accordingly. Scores are developed independently from the alerts, providing you with multiple risk viewpoints.
Alerts and Recommendations
Fraud alerts highlight specific areas of borrower or third party inconsistency, while appraisal review alerts focus on areas of property or market concern. Each alert offers coinciding recommended actions that direct reviewers to areas of further investigation. Alerts can be customized to your review processes and risk threshold, making LoanSafe Risk Manager a unique tool that conforms to your business practices.
Online, Collaborative Review Portal
LoanSafe Connect™ is a secure, online site that offers you the ability to review and interact with LoanSafe Risk Manager reports in real time, allowing staff to work collaboratively yet independently on loan review. The predictive risk score is retained when alerts are addressed. LoanSafe Connect turns static information in the LoanSafe report into dynamic insight.
Learn more about LoanSafe Connect>>
Borrower Risk Analysis
Get a thorough analysis of the most common fraud risks associated with a borrower.
- Identity: Validates the borrower’s Social Security Number and scans for other identities.
- Income: 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 through the Mortgage Electronic Registration System (MERS®) and CoreLogic Consortium data.
- WatchList Screening against OFAC, HUD, SAM Exclusions and more.
Third Party Screening
Screen or validate broker, loan officer and other loan participant information against state and federal licensing databases, exclusionary lists, as well as your own. LoanSafe Fraud Manager will check:
- NMLS Registration
- SAM Exclusions (Formerly GSA EPLS)
- And More!
Market Data and Property Location
A valuation and street map visually details the subject property’s location and proximity to nearby sales. Variations in map shading provide reviewers with a visual representation of property values within the area.
Industry Leading Property Information
Subject and nearby property characteristics, ownership and deed history, mortgage history, foreclosure information and more are combined into a single report section. Quickly pinpoint inconsistencies or unusual patterns and easily view nearby property information.