MORTGAGE FRAUD – CoreLogic®, a leading global property information, analytics and data-enabled solutions provider, has released its latest Mortgage Fraud Report. The report includes detailed data for six fraud type indicators that complement the national index: identity, income, occupancy, property, transaction and undisclosed real estate debt. The report shows a 12.4 percent year-over-year increase in fraud risk at the end of the second quarter, as measured by the CoreLogic Mortgage Application Fraud Risk Index. The analysis found that an estimated one in 109 applications, or 0.92 percent of all mortgage applications, contained indications of fraud, compared with second quarter 2017’s report of one in 122, or 0.82 percent. The CoreLogic Mortgage Fraud Report analyzes the collective level of loan application fraud risk experienced in the mortgage industry each quarter. To access the full report, visit https://tinyurl.com/ydyrha43.
Offices located in the Daytona Beach International Airport (passenger terminal)
700 Catalina Drive, Suite 200
Daytona Beach, Florida 32114
386-248-8048 · 800-554-3801