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Secure Insight Partners With CoreLogic on Fraud Prevention

NationalMortgageProfessional.com
Mar 05, 2020
Secure Insight has announced that it has entered into an agreement with CoreLogic to deliver highly-specialized closing table risk data

Secure Insight has announced that it has entered into an agreement with CoreLogic to deliver highly-specialized closing table risk data surrounding the attorneys, title agents, escrow officers and mobile notaries who handle lender and consumer funds and documents in mortgage transactions.
 
Secure Insight has announced that it has entered into an agreement with CoreLogic to deliver highly-specialized closing table risk dataSince 2012, Secure Insight has built a database of risk-assessed, risk-rated and monitored data accessible by lenders as a pre-closing risk management and compliance tool. The company was the first to market with a fraud deterrence solution which recognized the significant harm that closing professionals could cause lenders and consumers due to wire fraud, mortgage fraud and closing errors.
 
Secure Insight’s founders spent years researching mortgage closing risks, fraud losses and incident case studies before designing a SaaS solution that combined complex risk underwriting metrics with public and private data analytics to arrive at risk ratings for professionals which lenders could rely on to make an informed business decision regarding their transaction partners.
 
“We are excited to collaborate with CoreLogic, widely viewed as offering the most reliable and effective loan fraud data reports in the mortgage industry,” said Secure Insight Founder and Chief Executive Officer Andrew Liput. “With the addition of our agent risk data, the CoreLogic Loan Safe product will offer lenders even more reliable and relevant risk data to help them meet their compliance and loan quality assurance goals.”
 
Cres Hay, senior leader, fraud solutions at CoreLogic, said: “The inclusion of detailed settlement agent data from Secure Insight allows the users of our LoanSafe reports to effectively screen settlement agents prior to closing to spot any potential issues before they occur. Wire fraud, professional ID theft, and other settlement agent misconduct can expose lenders millions of dollars in potential losses and our collaboration with Secure Insight is one more way we’re working to protect our clients from fraud risk.”

 
Published
Mar 05, 2020
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