DNA News

National Mortgage News: How to Defend Against Mortgage Fraud in a High Volume Market, by Paul Harris

Paul Harris — Tue, 30 Mar 2021 20:10:24 GMT

Following a record-setting year that saw nearly $3.8 trillion in loan originations, industry observers are predicting a smaller, though still substantial, market in 2021 with a significantly larger share of purchases. The latest estimate from the Mortgage Bankers Association (MBA: March 2021 Forecast) predicts that volume will decline by roughly 16% this year to $3.2 trillion as the refinance market cools and purchase volume climbs to a healthy $1.67 trillion level.

The continuing low interest rate environment, work-from-home trends and maturing millennials are all driving purchase demand. This demand, however, is bumping up against low housing inventory, and has driven up home prices to new highs: 9% higher year over year with the average loan amount growing to a record $402,200 in December.

If the past is predictive, the coming shift to a purchase market, combined with higher home prices and the enticement of quick appreciation, may result in a resurgence of fraud for housing schemes. The question is: will our industry be ready?

Read more in National Mortgage News

First American Data & Analytics Data HW Tech100™ Mortgage and HW Tech100™ Real Estate winner

First American — Wed, 17 Mar 2021 19:08:20 GMT

First American Data & Analytics Data Now Available On Snowflake Data Marketplace

First American — Wed, 10 Mar 2021 00:32:35 GMT

—Industry-Leading Property, Mortgage and Ownership Insight Now Available in the Cloud—

First American Data & Analytics Division Launches Appintelligence® Score for Mortgage Fraud

First American — Wed, 03 Feb 2021 17:33:58 GMT

—New Predictive Analytics Solution Identifies Fraud and Early Payment Default Risk, While Significantly Reducing Review Volumes by as Much as 50%—

First American Rebrands Data Division as the Data & Analytics Division

First American — Tue, 15 Dec 2020 16:42:46 GMT

—First American Data & Analytics provides customers with industry-leading ownership and property data and advanced decisioning solutions, fueling PropTech innovation, improved productivity and risk reduction—

First American Datatree VP, Product and Strategy Jim Portner Named 2020 HousingWire Tech Trendsetter

First American — Wed, 02 Dec 2020 06:18:00 GMT

SANTA ANA, Calif., Dec. 01, 2020 – First American DataTree^®, the leading national provider of property data and document images, announced today that Jim Portner, vice president of product and strategy for First American’s data and analytics division, has been named to the HousingWire 2020 Tech Trendsetter list, which recognizes the most impactful and innovative technology leaders serving the housing economy.

First American DataTree Earns U.S. Patent for FlexSearch™

dtreemarketing.sna.ca@firstam.com (Team DataTree) — Tue, 27 Oct 2020 15:00:00 GMT

SANTA ANA, Calif., Oct. 27, 2020 – First American^®DataTree^®, the leading national provider of property data and document images, today announced that the United States Patent and Trademark Office has issued U.S. Patent #10,783,367 for FlexSearch™, an innovative property data search engine that instantly searches against any word, phrase, name or item in any recorded document nationwide. Based on a proprietary model of data acquisition and manufacturing, First American DataTree fully covers the U.S. housing stock and over 7 billion recorded document images. FlexSearch™ returns search results performed against billions of documents at once in just a few short seconds.

Cherre Collaborates with First American DataTree to Provide Comprehensive Property Data

dtreemarketing.sna.ca@firstam.com (Team DataTree) — Wed, 07 Oct 2020 05:27:00 GMT

The agreement enables mutual customers to connect their comprehensive DataTree datasets with other key real estate content

First American Hires Jon Wierks as Vice President of Data and Analytics

First American — Wed, 09 Sep 2020 07:00:00 GMT

SANTA ANA, Calif., Sept. 9, 2020 –First American Financial Corporation (NYSE: FAF), a leading global provider of title insurance, settlement services and risk solutions for real estate transactions, today announced the appointment of Jon Wierks as vice president in First American’s data and analytics division.

First American Marketview Offers Comprehensive Market Insights to Lenders

dtreemarketing.sna.ca@firstam.com (Team DataTree) — Thu, 20 Aug 2020 13:50:00 GMT

Extensive nationwide reporting with flexible delivery options provide lenders opportunities for growth and means to gain competitive edge —