CoreLogic® (NYSE: CLGX), a leading global property information, analytics and data-enabled solutions provider, today shared details from the 10th Mortgage Fraud Consortium, the leading event for mortgage and fraud risk professionals. This year’s invitation-only event, held in Nashville, Tenn., featured speakers from Fannie Mae, the FBI, FHFA, Freddie Mac and more to discuss insights and actionable intelligence for solving the most pressing mortgage fraud challenges. The exclusive event – open only to CoreLogic Fraud Consortium members – drew experts from more than 30 top financial institutions.
The 2018 Mortgage Fraud Consortium was the largest gathering in the meeting’s history, reflecting the focus on combatting increased loan application fraud risk. The CoreLogic National Mortgage Application Fraud Risk Index, which analyzes metro areas with the highest mortgage fraud risk, reflects this challenge. The Index rose to 144 for Q1 2018 (a 10 percent increase over Q1 2017).
Sessions at the event included topics such as cyber fraud and the how the advent of the digital mortgage impacts fraud risk. Additional insights included case studies and best practices to help improve mortgage fraud prevention practices.
“The Mortgage Fraud Consortium is the one of the most exclusive meeting-of-the-minds in the industry, and each year it lays the groundwork for fraud prevention practices for the year to come,” said Bridget Berg, principal, fraud solutions at CoreLogic. “This long-standing event is a focused venue for strong dialogue and connects mortgage fraud professionals from a variety of our consortium mortgage loan providers – helping them mitigate risk and prevent mortgage fraud. We are looking forward to seeing the tangible results from this year’s insights and seeing what the 2019 event has in store.”
During the event, CoreLogic demonstrated the impact of consortium data on understanding fraud risk. The company presented an analysis of client fraud tags to display data-driven insight on methods for improving operational efficiencies, including more powerful alerts, fewer false positives and best practices. The company also shared details from the 2018 roadmap for LoanSafe Fraud Manager from CoreLogic.
The 2019 event will be held in San Diego and will be open to all members of the CoreLogic Mortgage Fraud Consortium. In order to qualify to join the, applicants must be users of LoanSafe Fraud Manager from CoreLogic. For more information, visit www.corelogic.com.
CoreLogic (NYSE: CLGX) is a leading global property information, analytics and data-enabled solutions provider. The company’s combined data from public, contributory and proprietary sources includes over 4.5 billion records spanning more than 50 years and providing detailed coverage of property, mortgages and other encumbrances, consumer credit, tenancy, location, hazard risk and related performance information. The markets CoreLogic serves include real estate and mortgage finance, insurance, capital markets, and the public sector. CoreLogic delivers value to clients through unique data, analytics, workflow technology, advisory and managed services. Clients rely on CoreLogic to help identify and manage growth opportunities, improve performance and mitigate risk. Headquartered in Irvine, Calif., CoreLogic operates in North America, Western Europe and Asia Pacific. For more information, please visit www.corelogic.com.
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