Mortgage Fraud Risk Report
Compiled by the Interthinx Analytics team
, the 2012 Q4 Interthinx Mortgage Fraud Index highlights some of the most significant mortgage fraud risk trends based on analysis of loan applications processed by the Interthinx FraudGUARD®
A Comprehensive Approach to Detecting and Preventing Mortgage Fraud
This paper discusses the crucial core components of a fully comprehensive fraud solution, describes the Interthinx approach to fraud mitigation and how it leads to enhanced fraud avoidance and lower operating costs, illustrates Interthinx training resources, and discusses process review.
Risk Metrics Validation Study
Utilizing performance data, Interthinx analyzed incidents of 30, 60, 90 and 120+ day late payments, defaults and foreclosures for over 2 million loans. By comparing this data to previous fraud scores and red flags from loan applications, Interthinx is able to quantitatively measure the ability of its loan level risk mitigation tools to detect high risk loans.
“Fraud Related Activity/Useful Date” Reports provide quarterly statistics based on data provided by Interthinx clients, internal and external Interthinx data sources, Interthinx product scoring results and human decision making logic.
These reports examine changes in types of potential fraud observed by Interthinx in the U.S. residential mortgage market. We use data from the Interthinx National Fraud Protection Database (NFPD), which supports our risk mitigation tools DISSCO and FraudGuard.