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Fraud Investigation - Appraisal Reviews - Mortgage Document Reverification
According to the FBI, mortgage fraud is one of the
fastest growing white-collar crimes in the
United States. Reported losses in 2005 exceeded $1 billion; more than double that of
2004! Many mortgage industry experts believe the FBI figures are
understated due to the fact that not all fraud losses are accurately identified,
let alone reported. Industry experts all agree that mortgage fraud
schemes have become more complex, pervasive and difficult to control than ever
before.
Lenders, insurance companies and
investors on a nationwide basis rely on TenA's team of experienced fraud and
audit specialists to control mortgage fraud and its related losses. Our fraud services target prevention,
investigation, loss mitigation, and repurchase-related issues.
We utilize both public and licensed databases to assist our
fraud experts in analyzing and reverse engineering mortgage transactions. TenA's fraud prevention and investigation services include the following:
- Desk, field and AVM appraisal reviews
- Property transaction histories
- Evidential searches for unrecorded mortgages and
deeds
- Business entity and/or ownership validation
- Re-verification, authentication and analysis of:
- transaction participants
- assets
- employment
- individual and employer tax identification numbers
- occupancy status
- tax returns (4506-T)
- credit reports
- bankruptcy papers
TenA's fraud services play an integral part in combating mortgage fraud schemes nationwide. In a recent year, we saved one client over
$45 million in losses stemming from fraud-related loan transactions! Imagine what TenA's fraud services can do for your company!
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