Additional Property Valuation and Verification Modules
First American Data & Analytics offers additional valuation and verification modules so you can simplify your workflow and have our FraudGuard solution work for you. Existing customers can add the following optional modules to their FraudGuard instance for added functionality and features, enhancing fraud detection and risk assessment capabilities of the system
Undisclosed Debt Monitoring® (powered by Equifax®)
Monitor borrower activity to identify if new debts or liabilities incurred during the lending process may impact loan or terms of approval. The integration of Equifax Undisclosed Debt Monitoring (UDM) provides alerts with customized notifications.
Ownership & Occupancy
Perform a nationwide search for properties owned by the borrower and use exception-based alerting to identify other properties owned, occupancy issues, foreclosures, and unidentified addresses used by borrowers.
Liens & Judgments
Assess borrower lien and judgment history to determine the credit risk of borrowers to set appropriate loan terms, interest rates, and conditions.
Bankruptcy
Review borrower bankruptcy history to determine the credit risk to set appropriate loan terms, interest rates, and conditions.
Military Status Verification
Verify borrower service status information and eligibility for the provisions of Servicemembers Civil Relief Act (SCRA).
Senior Lien Review
Identify any ineligible senior lien that would block origination on a second lien.
Nationwide Mortgage Licensing System & Registry (NMLS®)
Search the NMLS database to validate a Mortgage Broker and/or Loan Officer’s NMLS ID.
Verification of Employment & Income
The Work Number®, a service of Equifax
Verify borrower income and employment to determine eligibility.
Listing Data
Examine up-to-date market insights into a subject property and neighborhood listings
Income Estimation
Prepare an income estimation that includes a realistic income range for a job title to identify potentially overstated borrower income.
Associated Business Search
Identify additional businesses associated with the borrower and status of the borrower’s employer.
4506-C Tax Transcript Verification
Verify various types and sources of income to determine borrower eligibility via automated tax transcript ordering.
