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April 25, 2008
CrossCheck Compliance Adds BasePoint FraudMark(R) Score to Reinvent Loan Due Diligence
BasePoint Analytics™ announced that CrossCheck Compliance has selected BasePoint’s FraudMark® solution as a core component in their new approach to due diligence for loan and portfolio purchases.
The FraudMark solution uses sophisticated analytic scoring technology to identify suspicious mortgage loans, facilitating quick and effective due diligence on high risk loans before purchase or funding. The models accurately predict the likelihood of a loan containing fraud that will result in financial loss to the investor/lender. The FraudMark score risk ranks all loans to create a highly targeted subset of loans for the Enhanced Fraud Review. The precise fraud score provided by FraudMark, with market leading low false positive ratios, results in high detection of fraud with minimal operational impact.
Posted by S. Germain at April 25, 2008 08:22 AM