Fraud ReportsX, your comprehensive fraud risk management solution, easily helps you identify inconsistencies compared to stated borrower information as well as data integrity errors on mortgage applications and transaction information red flags associated with the collateral and professionals. But unlike competing products, Xactus DOES NOT require long-term commitments and there are no minimums – so there is no risk in trying it!
Information and red flags are provided in an easy-to-read format covering the borrower, subject property and participants.
- Borrower – Validates your applicant’s personal information such as SSN, name and address. Comply with BSA AML requirements for “Know Your Customer” with our watchlist screening for consumers. Configurable flags are returned when information inconsistencies are found along with suggested corrective actions to clear the flags.
- Property – Validates property characteristics, flipping risk through transfer history, ownership and associations, valuations and economic trends that provide insight into neighborhood make-up and risk.
- Participant – Easily assess professional risk and mitigate reputational harm with our comprehensive watchlist screening services. Ensure that your appraisers are complying with registration and licensing requirements. Maintain up to date insights into eligible professionals throughout the origination process.
We know that every lender is different, so built-in configuration of risk indicators and customization of report layouts are established when you onboard which can be changed to align with ever-changing risk tolerances set by the organization.
On the forefront of risk management
Xactus is advancing the modern mortgage by providing premiere content-enabled workflow solutions to help clients across the mortgage industry predict, assess and manage origination risk. Our fraud detection solution offers the ability to understand the consumer’s most accurate information based on thousands of verified sources of data. And it helps our clients identify risks associated with a particular person’s stated information, subject property integrity and professional associations that may cause reputational harm.
For more information, contact your Xactus strategic account manager.