Catch Invalid Information and Identify Applicant Risk

 

Stay compliant with FraudPlusTM

In today’s lending environment, with strict regulations and new penalties, you want to know that the information provided by applicants is accurate. FraudPlus identifies risk, fraud, and errors so you can feel comfortable with your lending decisions and confident you are in compliance with regulations. Our one-stop validation process makes it easy to quickly verify data, perform a thorough risk assessment on applicants, and detect problems with applications.

 

Custom solutions from our fraud experts

FraudPlus is a one-stop solution – not a one-size-fits-all program. Our representatives will assist you in selecting the criteria that meets your specific needs and compliance requirements. With FraudPlus, you’ll get exactly the information you need to make informed lending decisions.

 

Three separate reports validate applicant info, property data and participants

FraudPlus validates information in an easy-to-read format that clearly spells out areas of caution. You’ll be able to tell at a glance whether your applicant is at risk simply by looking at the summary page for each of our three reports – the Borrower Detail Report, the Property Detail Report, and the Mortgage Participant Detail Report.

 

Borrower Detail Report validates an applicant’s identity, including name, address, Social Security Number, birthdate, and phone number. NEW FEATURE: Now you can also obtain a transaction history of addresses/properties where an applicant has resided and/or is associated with. This information will help you determine if there is any derogatory information within the transaction history. 

 

The Borrower Detail Report can be customized to provide any or all of the following information:

 

  • REO/other properties owned
  • Address transaction history
  • Relatives and associates
  • Driver’s license
  • Voter registration
  • Employer validation
  • Income estimate
  • Public records
  • Liens and judgments
  • Bankruptcies
  • Credit report data
  • Undisclosed Debt Verifications
  • Associated business search
  • OFAC
    • SDN and Non-SDN (Specially Designated National) entities
  • SAM-EPLS (Excluded Parties List System
  • Mortgage Sanction
  • Financial Sanction
  • HUD LDP (Limited Denial of Participation
  • BSA/AML Industry Watch Lists
  • And more

 

Property Detail Report verifies that the property actually exists, confirms characteristics of the dwelling, substantiates previous ownership, and determines whether the property is at risk for flipping. It can be customized to provide the following information:

  • Subject valuation
  • Area recent sales
  • Area active listings
  • Area market analysis
  • House price index
  • Comparables index
  • Competitive market climate within the property’s neighborhood/segment and/or within the property's zip code
  • FEMA disaster area check
  • And more

 

Mortgage Participant Detail Report provides the results of a comprehensive examination of appraiser licensing data and industry watch lists, including:

  • OFAC
    • SDN and Non-SDN (Specially Designated National) entities
  • SAM-EPLS (Excluded Parties List System)
  • Mortgage Sanctions
  • Financial Sanctions
  • HUD LDP (Limited Denial of Participation)
  • BSA/AML Industry Watch Lists
  • ASC National Registry of Appraisers
  • And more

 

Ready to take the next step?

Contact us to request more information about FraudPlus from your Regional Account Representative.

Contact Us

 

Click on image to download the flyer.

 

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