Interthinx has enhanced its flagship FraudGUARD product with new variances to help detect occupancy issues related to mortgage fraud. The changes come in response to a disturbing trend the company uncovered in its quarterly fraud risk reports. Occupancy fraud showed a slight quarter-over-quarter increase in the third-quarter 2009 report, which alerted the Interthinx product team to study issues including occupancy fraud, buy and bail schemes, straw buyers, risks associated with delinquency/default, and risks associated with increased home value.Read more
More state and national mortgage news and mortgage press releases:
- Interthinx integrates 4506-T service into FraudGUARD Interthinx announced that it has developed new proprietary risk...
- FBI reports mortgage fraud increases in 2008-2009 A Federal Bureau of Investigations (FBI) report released this...
- OCC and OTS release Mortgage Metrics Report for first quarter of 2009 Delinquencies and foreclosures on first-lien mortgages continued to increase...
- OCC and OTS release Mortgage Metrics Report for Q4 of ’09 Performance on home mortgages serviced by the largest national...
- MBA study on mortgage bankers finds production profits held steady in Q4 ’09 Independent mortgage bankers and subsidiaries made an average profit of...
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