https://portal.fraudtechnology.com
Mitigating Mortgage Fraud Risks with FraudTechnology
Mortgage fraud occurs when an individual or a group misrepresent themselves when applying for a loan. There are two types: fraud for housing and fraud for profit.
- Fraud for housing transpires when a borrower omits relevant information about themselves to obtain property.
- Industry professionals commit fraud for profit by omitting information about themselves and their clients to maximize profits.
FraudTechnology addresses the issue with our team of verification specialists. We have developed solutions to mitigate the usual risks in loaning systems. Our income verification for a mortgage, for example, identifies fraudulent behavior at the onset.
Using Sophisticated Technology Against Fraud
Social Security Administration
Consent Base SSN Verification (CBSV) service is your gateway into the official SSA Master File and Death Index for 100% accurate matching of Name, SSN, Date of Birth, and Death Indicator to validate each applicant’s identity.
Internal Revenue Service
We offer direct access to the official IRS database for 100% accurate verification of employment and income. Receive total work history including employer-provided W-2s along with Form 1099s for gig and contract work and personal 1040s and dozens of business transcripts for applicant/taxpayer verification. Click here for more Information.