home mortgage fraud newsletter full stories advertise mortgage industry newsletter RSS about us
 
HOT Topics Fraud Resources Fraud Prevention Mortgage Litigation News Appraisal News
 
 
twitter linkedin
facebook google+
Mortgage News

Search
Search mortgage fraud news by keyword.

Mortgage Fraud News
News, analysis and statistics about mortgage fraud.

Local Mortgage Fraud
Stories about individual mortgage crime cases.

Mortgage Fraud Statistics
Statics by year about real estate fraud.

Mortgage Fraud Index
Quarterly index based on case activity.

Mortgage Advertising
Reach mortgage executives, loan originators and other people tied to mortgage industry.

Consumer Mortgage News
Free mortgage news for prospective borrowers.

Mortgage Newsletter
Free e-mail newsletter with the latest headlines from MortgageDaily.com.

Mortgage Fraud Feedget RSS code
The latest case activity tracked by FraudBlogger.com for your Web site or for your RSS reader.

Mortgage Fraud Archives
Archive of FraudBlogger.com entries going back to 2005.

 

PRESS RELEASE


Preventing Fraud Is Key To Success

White Paper Now Available on How the Mortgage Industry Can Achieve Profitability


 
Carlsbad, Calif. - (January 28, 2008) - BasePoint Analytics:

A white paper titled, "Rebuilding the Mortgage Industry - the Path Back to Profitability" details how originators and investment banks can cost-effectively improve the quality of their portfolios. The changes recommended include using fraud and risk management technology, building the right organizational structures, revising the appropriate policies and processes, monitoring brokers and appraisers systematically and sharing data across the industry to catch more fraud and better identify early payment default risk.

There is a real profitability squeeze on originators and investment banking firms, and many lenders are not surviving. Fewer originators exist. Some lenders are now owned by investment banking or private equity firms. Many loan programs have been eliminated, and many changes have been made in underwriting policy. There are discussions of new regulations, "back to basics" underwriting and more resources for investigating and prosecuting mortgage fraud. While there is merit in many of these tactics, BasePoint engenders a more effective approach founded in using fraud and risk management technology to its full advantage.

BasePoint Analytics is a recognized leader in fraud analytics technology used to identify and prevent fraud for the nation's leading originators, investment banks and due diligence firms. During 2007 alone, BasePoint helped originators, investment banks, private equity firms, and due diligence companies identify over $2 billion in confirmed fraud and suspicious loans and applications that were prevented from funding or purchase.

Company chief executive officer, Tim Grace, and chief fraud strategist, Frank McKenna, are considered experts in fraud and are available to comment on mortgage fraud and early payment default trends.

The paper titled, "Rebuilding the Mortgage Industry - the Path Back to Profitability" is available at http://www.basepointanalytics.com/mortgagewhitepapers.html or by contacting 1-760-602-4971.

About BasePoint

BasePoint Analytics is a leading provider of predictive analytic fraud and risk management solutions for global banks and the mortgage industry. Using proprietary pattern-recognition technology, BasePoint quickly identifies potentially fraudulent or high risk activity, minimizing losses while accelerating the processing of non-risky records. The company’s fraud experts have deep, real-world domain expertise and have successfully solved fraud and risk challenges for many high profile lending institutions. BasePoint works with industry-leading customers in mortgage origination, investment banking and payment cards, including MasterCard Worldwide. BasePoint clients achieve dramatic improvements in fraud and loss detection performance using a predictive analytic approach rather than traditional methods. BasePoint is headquartered in Carlsbad, California, and has a strategic partnership with First American CoreLogic. For more information, visit BasePoint Analytics or call 1-760-602-4971.



SOURCE: BasePoint Analytics
 
Mortgage Fraud Litigation

Q4-2012 | Q3-2012
Q2-2012 | Q1-2012

Q4-2011 | Q3-2011
Q2-2011 | Q1-2011

Q4-2010 | Q3-2010
Q2-2010 | Q1-2010

Q4-2009 | Q3-2009
Q2-2009 | Q1-2009

Q4-2008 | Q3-2008
Q2-2008 | Q1-2008

full-year 2007
Red Flags Rule
News about the Fair and Accurate Credit Transaction Act.
Analysis of Fraud Enforcement and Recovery Act
The Mortgage Graveyard
Reverse Mortgage Blog
Mortgage Compliance Newsletter
Free compliance newsletter from MortgageDaily.com.



Copyright © 2014 MortgageDaily.com
MortgageDaily.com Subscribers Only:

AMC directory

ARM indexes

mortgage company directory

mortgage regulations

net branch directory

pricing engine directory

wholesale lender directory

More Mortgage News Resources (MortgageDaily.com full site map):

advertising news

appraisal news

bank news

biggest lenders

commercial mortgage news

corporate mortgage news

credit news

FHA news

financial regulation news

foreclosure news

free mortgage news

GSE news

jumbo mortgage news

interest rates

loan modification news

loan officer compensation rule

loan originator compensation rule

MBS

mortgage associations

mortgage-backed securities

mortgage books

mortgage brokers

mortgage compliance

mortgage conferences

mortgage directories

mortgage education

mortgage employment

mortgage employment index

mortgage executives

mortgage fraud

mortgage fraud blog

Mortgage Fraud Index

Mortgage Graveyard

mortgage insurance news

mortgage lawsuits

mortgage leads

mortgage lender ranking

mortgage licenses

mortgage litigation

Mortgage Litigation Index

Mortgage Market Index

mortgage mergers

mortgage news

mortgage politics

mortgage press releases

mortgage production

mortgage public relations

mortgage rates

mortgage servicing

mortgage statistics

mortgage technology

mortgage video

mortgage Webinars

net branch

net branch directory

nonprime news

origination news

originator tools

sales blog

reverse mortgage news

secondary marketing

servicing news

subprime news

wholesale lenders

wireless mortgage news