Catch Invalid Information and Identify Applicant Risk with FraudPlusTM Fraud Risk Management

Stay compliant with FraudPlus

In today’s lending environment, with strict regulations and new penalties, you want to know that the information provided by applicants is accurate. FraudPlus identifies risk, fraud, and errors so you can feel comfortable with your lending decisions and confidence you are in compliance with regulations. Our one-stop validation process makes it easy to quickly verify data, perform a thorough risk assessment on applicants, and detect potential problems with applications – before and after a loan closes.

Custom solutions from our fraud risk management experts

FraudPlus is a one-stop solution – not a one-size-fits-all program. Our representatives will assist you in selecting the criteria that meets your specific needs and compliance requirements. With FraudPlus, you’ll get exactly the information you need to make informed lending decisions.

FraudPlus Benefits

  • A comprehensive risk assessment tool
  • A customized solution wherein you can select the criteria that meets your needs
  • Easy-to-read format
  • Quickly verify data
  • Information available on borrowers, properties and mortgage participants
  • Reports available before funding a mortgage
  • Reports available for forensic reviews
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Three Reports: Validate applicant info, property data and participants

FraudPlus validates information in an easy-to-read format that clearly spells out areas of caution. You’ll be able to tell at a glance whether your applicant is at risk simply by looking at the summary page for each of our three reports – the Borrower Detail Report, the Property Detail Report, and the Mortgage Participant Detail Report.

The Borrower Detail Report

Validates an applicant’s identity, including name, address, Social Security number, birthdate, and phone number. Our reports are used during the application stage of the mortgage process and also valuable during forensic reviews when a default has been taken on a loan. It can be customized to provide any or all of the following information:

  • REO/other properties owned
  • Address transaction history
  • Relatives and associates
  • Driver’s license
  • Voter registration
  • Employer validation
  • Income estimate
  • Public records
  • Liens and judgments: Our LexisNexis RiskView Liens & Judgments Report includes detailed information on the liens and judgments on file for an applicant including quantity, type, dollar amount and more. In addition, the report uses LexID® identity linking technology, which is more than 99 percent reliable, to ensure the correct person is associated with the proper record. It is also compliant with Fair Credit Reporting Act regulations.
  • Bankruptcies
  • Credit report data
  • Undisclosed Debt Verifications
  • Associated business search
  • OFAC
  • SDN and Non-SDN (Specially Designated National) entities
  • SAM-EPLS (Excluded Parties List System)
  • Mortgage Sanctions
  • Financial Sanctions
  • HUD LDP (Limited Denial of Participation)
  • BSA/AML Industry Watch Lists
  • And more

Property Detail Report

Verifies that the property actually exists, confirms characteristics of the dwelling, substantiates previous ownership, and determines whether the property is at risk for flipping. Generated during the processing or underwriting stages of the mortgage process, Property Detail Reports can be customized to provide the following information:

  • Subject valuation
  • Area recent sales
  • Area active listings
  • Area market analysis
  • House price index
  • Comparables index
  • Competitive market climate within the property’s neighborhood/segment and/or within the property's zip code
  • FEMA disaster area check
  • And more

Mortgage Participant Detail Report

Provides the results of a comprehensive examination of appraiser licensing data and industry watch lists, including:

  • OFAC
  • SDN and Non-SDN (Specially Designated National) entities
  • SAM-EPLS (Excluded Parties List System)
  • Mortgage Sanctions
  • Financial Sanctions
  • HUD LDP (Limited Denial of Participation)
  • BSA/AML Industry Watch Lists
  • ASC National Registry of Appraisers
  • And more

Our Mortgage Participant Detail Reports are generated during processing and also used during Forensic Reviews.

Related Services

Equifax SAFESCAN

Learn More ⟶

Experian Fraud Shield

Learn More ⟶

OFAC Alerts

Learn More ⟶

Much more than just credit…we’re Credit Plus

Call us at 800.258.3488 or click here to request more information.

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