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Unsurpassed Precision in Mortgage Risk Detection

Residential mortgage risk presents itself in many shapes and forms; requiring lenders, servicers and investors to remain agile and use the most advanced detection and decision solutions available – all while keeping costs low and efficiency high.  LoanSafe Risk Manager™ from CoreLogic® answers the need by combining industry leading data, analytics and patented pattern recognition technology in one easy-to-implement report. 

  • Income Falsification
  • Identity Fraud/Theft
  • Employment Inconsistencies
  • Owner Occupancy
  • Inaccurate Valuation
  • Undisclosed Debt
  • Straw Borrowers
  • Collateral and Market Risk
  • Third Party Certification
  • Valuation Risk/Property Flipping

Dual Analysis for Comprehensive Risk Evaluation

LoanSafe Risk Manager employs a multi-layer process designed to target both collateral threat and fraudulent activity. LoanSafe Collateral Manager™ and LoanSafe Fraud Manager™ work in tandem within LoanSafe Risk Manager, simultaneously minimizing your collateral risk, maximizing fraud detection and meeting your compliance requirements.

LoanSafe Fraud Manager

  • Patented pattern-recognition fraud model
  • Powered by the CoreLogic consortium database -  over 100 million loan applications
  • Third-party monitoring,
  • Alerts paired with accurate, material data drive the loan review – generating a consistent and repeatable process

LoanSafe Collateral Manager

  • Single-source for listing information, nearby sale data, condo/hotel database and more
  • Industry-leading automated valuation engine and LoanPerformance™ HPI data
  • Measure the risk of foreclosure and loss severity specifically related to mortgage collateral
  • Market analysis to reconcile the property valuation provided

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
  • OFAC
  • SAM Exclusions (Formerly GSA EPLS)
  • HUD
  • 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.

 

LoanSafe is the Right Choice

Risk mitigation solutions are only as good as the data and analytics behind them - and CoreLogic solutions draw from the most current, complete and relevant property data collection available and combines it with industry leading analytics and patented pattern recognition technology. In addition, LoanSafe solutions incorporate 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

The Industry’s Most Comprehensive Mortgage Risk Management Solution

  • Reduce Exposure to Mortgage Fraud and Collateral Risk with One Solution
  • Patented Pattern-Recognition Fraud Model Built with Contributed Fraud Outcome Data
  • Reduce Early Payment Default and Repurchase Requests
  • Easily Validate Appraised Values and Property Flipping
  • Focus Prevention Resources on High Risk Applications
  • Customizable to Your Processes and Risk Threshold
  • Flexible Delivery Options via Batch, XML, web-based platforms or LOS

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.

Call us today to get started. 866.774.3282

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