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

CoreLogic (NYSE: CLGX), a leading global property information, analytics and data-enabled solutions provider, today released its latest Mortgage Fraud Report. 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.

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There was a 12.4% year-over-year increase in fraud risk at the end of the second quarter of 2018, according to Corelogic’s most recent Mortgage Application Fraud Risk Index.. As growing concern.

The #1 Form Of Mortgage Fraud CoreLogic Reports a 12.4 Percent Year-over-Year Increase in Mortgage Fraud Risk for the Second Quarter of 2018: September 13, 2018 — CoreLogic (NYSE: CLGX), a leading global property information, analytics and data-enabled solutions provider, today released its latest Mortgage Fraud Report.

CoreLogic released their quarterly fraud index which tracks the fraud risk of applications submitted by lenders that use their fraud detection systems. According to the Mortgage Fraud Report, there was a 12.4% year-over-year increase in fraud risk at the end of the second quarter of 2018.

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CoreLogic determined that an estimated one in 109 applications, or 0.92 percent. states for mortgage application fraud risk during the second quarter. “This year’s trend continues to show an.

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

Mortgage fraud climbed 12.4 percent year over year in the second quarter of. with loan-to-value ratios of 80 percent or less, according to CoreLogic. The metro areas with the highest increases of fraud risk year over year are.

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.

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The risk levels from refinance segments decreased anywhere from 12% to 30%, according to CoreLogic. 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.