CoreLogic releases anti-fraud engineMortgagePress.comCoreLogic, IdentityPro, software engine
CoreLogic has released IdentityPro, a software engine that
assesses a borrower's likelihood to commit the type of mortgage
fraud most likely to cause financial loss by analyzing applicant
behavior to reveal suspicious spending patterns.
"It's a more robust engine than other products out in the
marketplace right now, because it goes beyond the basics of Social
Security number verification and identifying misrepresentation,"
said Felice Kesselring, CoreLogic director of product development.
"It diagnoses a borrower's buying and living patterns, looking for
the type of activity that can be correlated to the risk associated
specifically with fraud for profit."
Sacramento, Calif.-based CoreLogic is a provider of collateral
risk-analysis and management technology and services to the U.S.
mortgage banking industry. For more information, call (888)
288-2009 or visit www.corelogic.com.