In today’s mortgage market, forensic and fraud reviews give lenders, servicers, and investors the insight they need to spot hidden danger and protect loan quality. By weaving forensic and fraud checks into every stage of risk management, Frasco® Mortgage Risk Mitigation helps clients avoid costly surprises and meet strict rules.
Services Offered by Frasco® Mortgage Risk Mitigation:
Forensic & Fraud Reviews:
-
-
Conducts deep investigations to catch misstatements and fraudulent data.
-
Uses borrower talks, job and pay checks, and fund-source tracking to stop losses.
-
Adds forensic and fraud insight into every report, making decisions easier.
-
Due Diligence & QC Audits:
-
-
Provides precise, budget-friendly QC programs.
-
Handles sample selection, forensic and fraud file reviews, and rule checks.
-
Ensures each loan follows program standards, lender policies, and federal law.
-
Loss Mitigation:
-
-
Re-verifies income, assets, and hardship claims to flag false info.
-
Confirms paperwork in short sales, mods, and foreclosures.
-
Stops extra loss by tying forensic and fraud findings to real-time action.
-
Verification Services:
-
- Offers employment, income, asset, and credit verification services to meet pre-funding and post-closing requirements efficiently.
- Ensures thorough review and verification of loans to maintain loan quality and compliance.
Why Forensic & Fraud Reviews Are Essential:
Forensic and fraud reviews play a crucial role in mortgage risk mitigation by:
- Identifying misrepresentations and fraudulent activities in mortgage applications.
- Preventing losses due to fraud, ultimately safeguarding lenders’ portfolios.
- Ensuring loan quality and compliance with industry regulations and standards.
Moreover, regular forensic and fraud reviews build lender credibility with investors and rating agencies, which in turn lowers capital costs.
Impact of Forensic & Fraud Reviews on Mortgage Industry:
- Occupancy Verification:
- Crucial in preventing occupancy fraud by confirming borrower residency at the claimed property.
- Methods include desk reviews, site visits, utility analysis, interviews, and social media checks.
- Maintaining Loan Quality Control:
- Strategies such as pre-funding reviews and post-closing quality control audits are essential to verify documentation, income, and credit.
- Helps reduce default rates, minimize legal risks, and enhance customer satisfaction.
In a dynamic mortgage landscape where interest rates fluctuate and regulatory pressures persist, the role of forensic and fraud reviews in mortgage risk mitigation cannot be understated. By partnering with Frasco® Mortgage Risk Mitigation, lenders can proactively manage risks, ensure loan quality, and uphold industry integrity.
Contact Us Today
Frasco® Mortgage Risk Mitigation delivers ethical and efficient solutions tailored to your needs. Have questions or want to discuss your investigative needs further? Schedule a call with one of our experts today to find the answers you’re looking for.
Disclaimer: This blog post is for informational purposes only and should not be considered legal advice. Please consult your general counsel for specific legal guidance. Frasco investigators are licensed, and our operations comply with US industry, federal, state, and local laws.