Strong underwriting and appraiser identification can go a long way in building your business, which is why it’s so critical to examine industry best practices. Being able to identify ideal applicants and red flag trouble issues can help to get the housing market on its feet and to generate long-term growth for the industry. To limit issues, start with strong…
June 2013
The mortgage industry has been the focus of a lot of media attention in the last several years, and mortgage fraud has been one of the issues attracting that attention. Lenders, brokers, and loan officers can play a big role in preventing mortgage fraud. Unfortunately, a variety of mortgage fraud types are proliferating the market, making it all the more…
The housing market crash and gradual improvements have given potential homeowners a lot to think about, and mortgage fraud has been at the top of the list. Mortgage fraud is illegal, and buyers should be aware of common scams and schemes in the housing market today. Profit Fraud The most expensive form of mortgage fraud involves industry insider fraud, which…