Mortgage App Fraud On the Rise

 · With check fraud on the rise, it is important for business owners to take steps to protect their companies from fraud losses. Here are a few tips: Use electronic payments instead of mail: Despite the headlines, electronic payment methods are very secure and make your account much less vulnerable to fraud compared to sending checks through the mail.

3 Things The Savviest Homebuyers All Know About Mortgage Fraud. First, the demand for homeownership is on the rise, since it hit a 50-year low. provide false information about their intentions on a mortgage application.

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Mortgage fraud is rising, with criminals devising new schemes to separate people. Before you become involved in any transaction, get out your calculator and.

CoreLogic's National Mortgage Fraud Index, which measures a number of different. the number has greatly decreased, even if a given the rise since last year.

Mortgage Fraud On The Rise By Caleb MacCauley February 1, 2017 Real Estate News No Comments Since the year 2013, there has been an increase of 52 per cent in falsified applications, with a surge of high-risk and dubious mortgage goings-on.

Made Everything So Simple – Royal United Mortgage LLC Convicted mortgage fraudster gets 9 years in prison for role in South Florida scheme Convicted of leading a $20 million mortgage fraud scheme in South Beach. New Jersey-based lender agrees to pay $45M to settle mortgage misconduct claims From TRD New York: A New Jersey-based lender agreed to pay $45 million to settle claims that it improperly serviced home loans in 49 states,So, why did actor Timothy Olyphant take on the lead role as Agent 47? He had a mortgage to pay, he told Rolling Stone in a recent interview. Olyphant had just bought a new house when he found out his.

Equifax Canada: Mortgage Fraud on the Rise 13% of Canadians Say ‘a Little White Lie’ is Okay to Get the House You Want TORONTO, ONTARIO–(Marketwired – Jan. 11, 2017) – equifax canada (nyse:efx) data suggests high-risk and suspected fraudulent mortgage activity is on the rise noting a 52 per cent increase in suspected fraudulent mortgage.

The most recent CoreLogic Mortgage Fraud Report once again indicated that fraud risk is on the rise.The report cited a 12.4 percent year-over-year rise in their mortgage application fraud risk index, with income fraud risk reported up 22.1 percent as the highest increase in risk found.

Providing false or incorrect information on a loan application is mortgage fraud. According to the FBI, mortgage loan fraud is one of the fastest growing forms of white collar crime in the United States. While mortgage fraud comes in a number of different forms, some types are more commonplace than others. Income Fraud – One of the most common forms of mortgage fraud involves the borrower overstate his.

Mortgage rates were on the rise in the week ending. Both refinancing and purchase application volumes were on the rise..

FormFree announced a partnership with FundingShield to deliver enhanced wire fraud protection to FormFree’s Network of.