Wire Fraud and Settlement Agent Misconduct
Settlement agents are a key part of the home mortgage process, entrusted with funds and sensitive information to transfer real estate and secure financing. However, the task of validating the settlement agents handling your transactions as part of your fraud prevention program has been difficult to perform.
Powered by Secure Insight™ and delivered as part of your LoanSafe Risk Manager™ or LoanSafe Fraud Manager™ reports, Settlement Agent Risk Assessment (SARA) from CoreLogic® provides a systematic, simple solution to vet your settlement agents.
- Single fee per loan covers multiple agents and updates as loan is processed
- Integrated through LoanSafe Fraud Manager and LoanSafe Risk Manager
- No operational changes are needed! SARA uses existing settlement agent input fields
Nationwide coverage of third-party actors
Verify the identity and background of agents
Verify licenses of agents and companies
Verify insurance coverage
Verify data privacy and internal controls
Verify wire and trust account details
Database contains over 75,000 loan actors