Settlement agents help facilitate the closing of the mortgage transaction, and as such, are trusted with large sums of money and sensitive borrower information. Yet, despite the obvious risks, validating a given settlement agent prior to a closing has been difficult. Until now.
CoreLogic’s Settlement Agent Risk Assessment (SARA) provides a simple, systematic solution for vetting your settlement agents. Powered by Secure Insight™ and a database of over 80,000 loan actors, SARA is delivered as part of LoanSafe Fraud Manager, automatically verifying:
- The identity and background of all settlement agents
- Agents and company licenses
- Insurance coverage
- Data privacy and internal controls
- Wire and trust account details