Overview
Fraud Reports
Mortgage fraud statistics, trends and performance analytics that validate the precision of the Interthinx scoring system for mortgage risk exposure.
Compiled by the Interthinx analytics team. The Q3 2009 Interthinx Mortgage Fraud Index tracks the risk of mortgage fraud throughout the United States. The Fraud Index surged more than 11% from the previous quarter to 145 (n=100).
Utilizing performance data, Interthinx analyzed incidents of 30, 60, 90 and 120+ day late payments, defaults and foreclosures for over 2 million loans. By comparing this data to previous fraud scores and red flags from loan applications, Interthinx is able to quantitatively measure the ability of its loan level risk mitigation tools to detect high risk loans.
“Fraud Related Activity/Useful Date” Reports provide quarterly statistics based on data provided by Interthinx clients, internal and external Interthinx data sources, Interthinx product scoring results and human decision making logic.
These reports examine changes in types of potential fraud observed by Interthinx in the U.S. residential mortgage market. We use data from the Interthinx National Fraud Protection Database (NFPD), which supports our risk mitigation tools DISSCO and FraudGuard.
