BasePoint Analytics, a provider of scientific fraud and risk analytic scoring solutions, has introduced FraudMark for Home Equity, the industry's only fraud detection solution designed to address the home equity market.
FraudMark for Home Equity produces a fraud risk score in seconds indicating the likelihood that the loan application contains misrepresentation indicative of future loss. Accompanying the score are likely fraud reasons, risk indicators and recommended actions for lenders to focus investigative resources on the highest risk loans.
Source: BasePoint Analytics