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Host Maiclaire Bolton Smith sits down with Bridget Berg to talk about who ends up paying when someone defaults on a loan and how automation may open the door for increased fraud.
Host Maiclaire Bolton Smith sits down with Bridget Berg to talk about the types of mortgage fraud, where it is most prevalent in the industry and why fraud can be so difficult to detect.
The CoreLogic Quarterly Mortgage Fraud Brief analyzes the metro areas with the highest mortgage fraud risk on a quarterly basis and offers insights based on the analysis of trends found in residential mortgage loan applications.
According to the CoreLogic® 2023 Annual Mortgage Fraud Report, occupancy fraud rose 11.8% from Q2 2022 to Q2 2023.
The CoreLogic Mortgage Fraud Report analyzes the collective level of loan application fraud risk the mortgage industry is experiencing each quarter.
Application monitoring and borrower debt verification are critical components of the loan processing process in order for lenders to avoid the financial consequences of a loan that never closes.
CoreLogic estimates that one in 131 mortgage applications had indications of fraud in the second quarter of 2022, and HELOC loans seem to be an increasing concern.
After large increases in mortgage fraud risk for much of 2021, our 2022 Annual Mortgage Fraud Report shows a 7.5% year-over-year decrease in fraud risk at the end of the second quarter of 2022.
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