LoanSafe – FraudMark

How well do you really know your borrowers?

Scammers. Con artists. Cheats…whatever you call them, mortgage fraudsters wreak havoc.

LoanSafe-FraudMark from CoreLogic is a fraud detection and prevention tool, enabling easy identification of suspect mortgage loans. It works by applying predictive, advanced analytics to multiple datasets with patented technology. The end result is a loan ranking score for every application and an easily understood report. Risk management becomes more efficient and fraud defences become much stronger.

Key benefits

  • Determine fraud risk – identify risk patterns (including behavioural trends), leverage historical patterns of fraudulent and non-fraudulent loans, identify clusters of statistically unusual behaviour and score loan applications to reduce false positives to identify the likelihood of loss before applications progress to offer or approval phases.
  • Use your investigative resources efficiently -LoanSafe-FraudMark has a fraud ranking system, enabling investigators to be easily directed where they’re needed most: to the high risk loans.
  • Bolster your defences – LoanSafe-FraudMark can be implemented as a standalone tool or integrated into existing systems to work seamlessly with other application fraud screening tools.
product feature image

Key features

  • Loan ranking score: applications are scored from 1 – 999. 1 indicates little fraud risk, whereas 999 warns of high fraud potential.
  • Unique detection approach: LoanSafe assesses the application as a whole, not just referencing known fraud data. Patented technology to alert to what’s not believable: what doesn’t add up.
  • Efficient risk management: rankings are customised to various application types (e.g mainstream residential Vs. investor) and to an organisation’s pre-determined high risk threshold (an optimal score driven by your risk appetite and investigative resourcing). High risk loan? More detailed investigations commence. Low scoring application? Divert focus of investigators elsewhere.
  • One page report for quick and easy assessment:  displays the loan application’s fraud ranking score and top fraud indicators (with explanations and invaluable additional information for investigators).

Are you interested? Why not contact us? Get in touch