Fraud Monitor
Streamline loan application reviews with a robust mortgage fraud detection solution
Protect your lending operations and streamline condition clearing with a mortgage fraud detection solution that provides advanced quality checking and monitoring capabilities directly within the loan application workflow. ICE’s Fraud Monitor combines trusted data and advanced logic to enhance risk detection, automate condition clearing and expedite loan application reviews.
Monitor, detect and resolve mortgage fraud issues faster
Verify or clear flagged fraud concerns easily with multiple data and credit source integrations
Unified
Deep, native integration with Encompass® provides risk insights in near real time throughout loan manufacturing
Automated
Pulls from ICE’s granular property data and uses advanced logic to streamline and automate fraud condition clearing — reducing the need for human oversight or research
Configurable
Quantitatively assesses the potential for loan application fraud with configurable mortgage risk scores that work with lender-specific compliance guidelines
Reliable
Automated monitoring and tracking against federal watchlists and GSE exclusionary “do not sell” lists via advanced screenings
Verifiable
Uses valuable propriety data, as well as trusted third-party sources to verify information such as employment history, property and foreclosure history, and credit history
Dependable fraud monitoring software that works for you
ICE Fraud Monitor helps to minimize false positives and reduce the time spent on clearing conditions by delivering access to trusted real-time information and adaptive mortgage fraud risk scoring to fit individual organizational needs and processes. With direct integration into Encompass, users can detect, investigate and mitigate fraudulent activities in mortgage applications by analyzing loan data, identifying legitimate red flags and supporting the compliance and auditing process.
Accurate fraud checks, streamlined reviews
Fraud Monitor integrates leading third-party credit and employment verification sources to help solidify that the property and personal data is accurate and up to date. The loan application is further simplified by automatically pre-populating fields with sourced data to expedite reviews. Prioritized, context-rich exception queues with one-click decisioning also help save significant time per loan application review.
Better understand potential risk with fraud scores
Fraud Monitor’s adaptable risk scores evaluate levels across information fields provided in the loan application to automatically determine and flag if the risk is high (failure of identity verification, match on watch list, presence of REO, occupancy fraud), medium (non-verifiable information, conflict of interest across participants, disconnect across property profiles), or low (closed or inactive financial liens or derogatory flags, phone or email partial match, alias matches with some property information).
Tailor to your specific mortgage fraud risk requirements
Users can configure rules to align and support their own internal risk policies. This flexibility supports your organization’s unique risk management guidelines, providing processes that are specific to both business needs and federal standards. Utilizing an iterative learning algorithm, the tool incorporates user feedback to align with their preferred insights.
