From HW Magazine

Don’t look now, but fraud's not dead yet

While our industry focuses on compliance, we can’t afford to ignore the growing threat

September 1, 2014
Donald O'Neill and Jeffrey Dondanville
KEYWORDS Compliance Fraud Management Mortgage regulation
Vulture fraud
Only seven or eight years ago, mortgage fraud was one of the top stories in the industry. It was quite common to see stories estimating losses in the millions, with some experts suggesting that these numbers were only the tip of the iceberg. Lenders and their partners scrambled to strengthen their fraud-prevention strategies.
To view the full article, please subscribe or login.

Related Articles

Liability for fourth-party vendors

No room for fraud

Here’s why Illinois appraisals came to a dead stop this week

This month in
HousingWire magazine

Cover Story
June 2018

HousingWire's class of 2018 Rising Stars

The 2018 Rising Stars represent the best young leaders in the mortgage industry. Many of our 46 winners are leading companies as C-level executives, making strategic decisions for their organizations or developing new and inventive ways to get things done. Others are contributing through product development, data management or finding new ways to engage with consumers. Across the board, their efforts and accomplishments are influencing the present and future course of our industry.

Feature

How title companies can exploit blockchain

Alexandria Decatur
Alexandria Decatur and Debbie Hoffman
 Technology
The multiple characteristics of blockchain make it an incredibly attractive mechanism across industries. It provides an unchangeable, time-stamped ledger that allows for real-time and simultaneous input. It is the perfect set-up for industries where transactions are routinely moved from entity to entity or business to business and where records need to be verified and audited. Naturally, therefore, in the world of title and real estate, blockchain provides an incredibly innovative platform.

Commentary

Building a culture of excellence

Casey Cunningham
Casey Cunningham
 Lending
It has been proven time and time again that companies that make an investment in workplace culture attract the industry’s best talent and achieve greater success. For leaders who want to see their business grow to the next level, the solution is to focus on building a great culture — a culture of excellence.