Fraud Risk Management

Validate Information, Identify Applicant Fraud Risk & Verify Identity

Xactus helps identify risk, fraud, and errors so you can feel comfortable with your lending decisions.

Our Unrivaled Commitment to Your Success Helps You Fight Mortgage Fraud

In today’s lending environment, with strict regulations and new penalties, you want to know that the information provided by consumers is accurate. As fraud patterns shift it is critical to not only detect fraud – but to identify it correctly.

Xactus makes it easy for you to:

• Quickly validate data
• Perform thorough risk assessments
• Detect application problems early
• Reduce the risk of mortgage fraud

Fraud ReportsX: One powerful source, many customized solutions

You no longer have to check multiple sites or sources when seeking data integrity. Instead, Fraud ReportsX is a one-stop solution that’s fully customizable. You select the criteria you wish to validate and get precisely the information you need to make informed lending decisions. You can even customize the risk alerts you receive – low, medium, and high. Plus, you can place Fraud ReportsX orders when you order credit reports – so the Fraud ReportsX information can even be appended to credit reports! Best of all, no long-term contracts are required!

Three Reports: Validate consumer info, property data & participants

Fraud ReportsX validates the information in an easy-to-read format. The report clearly spells out areas of caution, enabling you to tell at a glance whether your applicant is at risk. There are three separate reports that will help you meet your goals of preventing mortgage fraud and protecting your business and reputation.

The Consumer Detail Report

Xactus’ standard report validates a consumer’s identity, including name, address, Social Security number, birth date, and phone number. It can also be customized to provide information such as address transaction history, income estimate, employer validation, liens and judgments, undisclosed debt verifications and more.

Property Detail Report

Validates that the property actually exists, confirms dwelling characteristics, substantiates previous ownership, and determines whether the property is at risk for flipping.It can be customized to provide information such as area active listings, area active recent sales, comparable indexes and more.

Mortgage Participant Detail Report

Provides the results of a comprehensive examination of appraiser licensing data and industry watch lists, including OFAC, BSA/AML Industry Watch lists, SAM-EPLS (Excluded Parties List System) and more.

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