Want to Prevent Future
Then Look Backwards
Because mortgage fraud takes time to develop, many institutions, particularly newer ones
WHY IS THIS RISK SO
or shops with new management
teams, may be at risk and not
realize it. As a veteran in mortgage
fraud risk management, I frequently
hear comments like these:
• “We have been in business
two years and haven’t had any
• “Our delinquency rate is low,
so I know we don’t have a fraud
• “My controls are working
because we haven’t had a large
Everything is fine—until it isn’t.
DIFFICULT TO PIN DOWN?
There are several reasons why
mortgage fraud is so difficult to
detect and can create a false sense
BY BRIDGET BERG
"That which is measured improves.
That which is measured and reported
- Karl Pearson