Accepts inputs from: URLA 1003 forms, loan parties to the transaction, Loan Origination Systems, DU Upload, web or CSV Files
Reviews application against 3rd party data sources and proprietary databases
Couples with FraudGuard smart analytics and customized alerts defined by customer guidelines
Generates report with recommended action steps to address high risk alerts
Returns risk scores via UI, web or PDF
Clears alerts and adjust scores using Client Adjusted Scoring (CAS)
SSN verification and validation, uncover fraud victims, deceased borrowers, intent to occupy and reverse occupancy
Identify HOA details, property discrepancies (flipping, short sale, etc.), NOD (pre-foreclosure) and foreclosures, valuation and FEMA disaster areas
Identify other Real Estate Owned (REO) properties, validate ownership, MERS, liens and judgments, bankruptcy, debt monitoring and forbearance
Verification of 4506-C (Tax Transcript), VOI/VOE, self-employment and undisclosed business indicators
Check all parties of the loan transaction against industry, agency, government, investor and customer supplied watchlists, NMLS and appraiser license verification
Look for loan discrepancies within FraudGuard’s proprietary loan database including loan churning, straw buyers, undisclosed properties or previous application changes such as income and job stability
FraudGuard integrates with loan origination systems (LOSs) and DataTree.com for deeper property and ownership research. Batch uploads are also available.