Mortgage fraud risk experienced a slight increase towards the end of the previous year, although overall it remained relatively steady when compared to the previous year. Key points to note include:
– Mortgage fraud risk saw a modest uptick towards the end of 2023
– Despite the increase, overall stability was maintained on a year-over-year basis
This trend suggests that the mortgage industry may need to remain vigilant in monitoring potential fraud risks in the upcoming year to ensure the integrity of the lending process. Keeping a close eye on industry developments and implementing effective risk management strategies will be crucial in maintaining a secure mortgage lending environment.
You can read this full article at: https://www.housingwire.com/articles/mortgage-fraud-risk-remained-low-at-the-end-of-2023-corelogic/(subscription required)
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