CertifID wants to save you from becoming a wire fraud victim

CertifID was founded by the owners of Sun Title in Michigan after their company fell victim to wire fraud. In their effort to demonstrate how easy it is to have money sent without proper verification, or at least without people noticing irregularities, the company founders showed me confirmation that they were able to wire money to “Winnie the Pooh” without anyone blinking …

Mortgage fraud rate rising annually, report shows

Property analytics provider CoreLogic released its annual mortgage fraud trend report this month, showing fraudulent activity was up marginally in the second quarter of this year compared to the same period last year …

Majority of states see annual dip in mortgage fraud risk

As mortgage rates continue to descend, loan application defects and fraud risk are following suit. According to First American’s June 2016 Loan Application Defect Index, misrepresentations in loan applications dipped 1.4 percent in June compared with t…

Mortgage fraud risk high across Florida, NYC and SoCal, report says

Mortgage application fraud risk in the second quarter of 2016 is considered to be fairly stable, according to a new report released by CoreLogic. Measuring the top metros with the highest mortgage fraud risk, the data company released its quarterly ins…

What’s worse: mortgage fraud or overreaction?

Mortgage fraud is serious business, harmful to the public and financial markets. And it will always be with us, like cheating at cards and taxes. Both vigilance and punishment are permanent necessities. Unfortunately, other behaviors are just as common…

LA mortgage application fraud, defect falls 7.41 percent annually

The First American Loan Application Defect Index was released January 26 for December 2015. The index estimates the frequency of fraudulence and defects in mortgage applications. Los Angeles mortgage defects and fraudulence dipped 7.14% monthly …

SF mortgage application fraud, defect falls 11.52 percent annually

The First American Loan Application Defect Index was released January 26 for December 2015. The index estimates the frequency of fraudulence and defects in mortgage applications. San Francisco mortgage defects and fraudulence dipped 11.25% monthly …

Chicago mortgage application fraud, defect falls 6.02 percent annually

The First American Loan Application Defect Index was released January 26 for December 2015. The index estimates the frequency of fraudulence and defects in mortgage applications. Chicago mortgage defects and fraudulence dipped 3.7% monthly …

DC mortgage application fraud, defect dips slightly annually

The First American Loan Application Defect Index was released January 26 for December 2015. The index estimates the frequency of fraudulence and defects in mortgage applications. DC mortgage defects and fraudulence dipped 1.32% annually …

Miami mortgage application fraud, defect remains flat annually

The First American Loan Application Defect Index was released January 26 for December 2015. The index estimates the frequency of fraudulence and defects in mortgage applications. Miami mortgage defects and fraudulence dipped 2.91% monthly …