Tri-Star Lending adds institutional lending division

Feb 07, 2007

BasePoint releases fraud detection softwareMortgagePress.comMortgage fraud detection software BasePoint Analytics has announced the availability of FraudMark for Origination 2.0, the newest version of its fraud detection solution, which uses analytic technology to predict the likelihood of a loan being fraudulent. FraudMark for Origination 2.0 has been updated to detect the most current fraud patterns and trends and incorporates newly tailored model segments to adapt to the unique portfolio characteristics of prime, alt-A and non-prime loans. Carlsbad, Calif.-based BasePoint Analytics is a provider of scientific fraud analytics and consulting services. For more information, call (760) 602-4971 or visit www.basepointanalytics.com.

About the author

National Mortgage Professional

Link copied

Published

Feb 07, 2007

Regulation and Compliance

Mortgage Servicers Added To Junk-Fee Naughty List

New release from CFPB lays out areas of improvement, and concern, for mortgage servicers.

The Consumer Financial Protection Bureau (CFPB) today published new supervisory highlights describing the regulator's recent actions to combat junk fees charged by mortgage servicers, as well as other illegal practices. The CFPB has also announced that it is working to addre...

Analysis and Data

Every Dollar A Fraudster Makes, A Financial Firm Loses $4.41

U.S. investment firms and credit lenders see a 9% annual increase in the financial impact of fraud.

Overall fraud increased at least 6% for 63% of financial firms within the past year, with digital channels accounting for half of the overall fraud losses, according to LexisNexis True Cost of Fraud Study: Financial Services and Lending Report — US and Canada Edition. U....