CoreLogic: 12.4 Percent Year-Over-Year Increase in Mortgage Fraud Risk

CoreLogic. income fraud remains a growing problem. The company’s National Mortgage Application Fraud Risk Index increased only slightly in the first quarter of 2019 from the end of 2018 and is at.

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Fraud Risk Declines 11 Percent, CoreLogic Reports. July 23, 2019. fraud risk declined more than 11 percent over the past year, according to the latest corelogic national mortgage application fraud Risk Index.. New York, New Jersey, and Florida remain the top three states for mortgage application fraud risk, maintaining the same positions as last year.

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The report shows a 12.4 percent year-over-year increase in fraud risk at the end of the second quarter, as measured by the corelogic mortgage application fraud risk Index. Source: CoreLogic Reports a 12.4 Percent Year-over-Year Increase in Mortgage Fraud Risk for the Second Quarter of 2018 | Business Wire

Here’s a quick overview: Overall fraud in mortgage applications jumped by 12.4 percent. but CoreLogic says it is now spreading across the country. “The typical scenario is a new job with a.

In San Francisco, year-over-year fraud risk decreased 17.2 percent. That’s a decent showing and about the middle of the pack percentage-wise for cities in the top 25 that have seen fraud decreases.

A recent report from CoreLogic shows a 12.4 percent year-over-year increase in mortgage fraud risk for the second quarter of 2018. The report.

The 0.2 percent june 2016 increase. CoreLogic’s Mortgage Fraud Trends Report for Q2 2016: There were 12,718 mortgage applications estimated to have indications of fraud in Q2 2016. The mortgage.

HAVE INDICATIONS OF FRAUD IN Q2 2018 The CoreLogic Mortgage Application Fraud Risk index increased 12.4 percent nationally from the second quarter 2017 to the second quarter of 2018. The index has increased for each of the last seven quarters and has been on a long-term upward trend from Q3 2010. This year’s increase is attributed to a

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As of the end of the second quarter of 2017, the report shows a 16.9 percent year-over-year increase in fraud risk, as measured by the CoreLogic Mortgage Application Fraud Risk Index.

The Introviz Data analytic platform (VizIntel ) is a software designed to help. This results in almost $400 – 700 in premium increases per family!. forced sample only a tiny percentage of total transactions as they learn to model fraud.. that the risk of fraud in the mortgage market has spiked by 12.4% year-over-year in.