Ownership & Occupancy
Performs a nationwide search for properties owned by the borrower and uses exception-based alerting to identify other properties owned by borrowers, occupancy issues, foreclosures and unidentified addresses used by borrowers. The module assesses a borrower’s ownership history and provides an interactive ownership timeline.
Verification of Employment & Income (The Work Number®), a service of Equifax
Provides the ability to request employment and income verification directly through FraudGuard. The integration of The Work Number® product in FraudGuard includes; Instant, Manual (Researched) and Reverify order types. The order results can be viewed directly in FraudGuard and the analysis of the results are included in the overall borrower risk score.
Undisclosed Debt Monitoring®, powered by Equifax
Monitors the borrower's activity to identify if new debts or liabilities are incurred during the “quiet period” to evaluate if the borrower has the propensity and capacity to repay the loan. The integration of Equifax Undisclosed Debt Monitoring™ (UDM) within FraudGuard constantly monitors borrower activity and provides alerts with customized notifications. The analysis of the UDM alerts is included in the overall borrower risk score for FraudGuard.
Lien & Judgment Reviews
First American is offering a non-Fair Credit Reporting Act Liens and Judgments Review service integrated into FraudGuard® as a fraud prevention tool to assess the risk associated with borrowers that have liens and judgment history. Our offering provides lenders those key data points to assess some potential risks and determine if further inquiries are required.
Provides an income estimation that includes a realistic income range for a job title to identify potentially overstated borrower income.
Provides the ability to place 4506-T orders directly through FraudGuard.
Provides an up-to-date market insight into the subject property and the neighborhood listings. The module includes subject property details based on the MLS. It also includes information on up to 10 area active listings in relation to the subject property.
Searches NMLS Consumer Access data to validate the mortgage broker and loan officer’s NMLS status.
Associated Business Search
Provides the ability to review if other businesses are associated with the borrower and the status of the borrower’s employer.
Checks to see if the borrower has bankruptcy record(s) prior to or after the loan application date.