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First American Mortgage Solutions launched its latest Mortgage Fraud Indicator module, available through FraudGuard, the company's data-driven decision-support tool with modules that help lenders comply with regulations, improve efficiency and more.
“In this fluid environment, agency guidelines and lender overlays are everchanging and our industry experts help lenders respond and stay up-to-date with customized, targeted FraudGuard alerts,” said Paul W. Harris, head of First American Mortgage Solutions’ mortgage analytics business, according to a press release. “Not only is our newest forbearance module flexible, configurable and scalable to unique business needs, but with FraudGuard as a whole, users experience concierge service from industry expert account managers who advise and provide support for full confidence against risk.”
The fraud indicator module monitors a consumer's credit from application to closing to identify mortgage forbearance and alerts the processor and underwriter when new activity arises. With FraudGuard, the indicator module is fully compatible with and an embedded service within all major loan origination systems.