If mortgage application volumes rise, as they are widely expected to this spring, so will the industry's challenge to flag potential fraud without causing unnecessary delays to new business. In addition to the checklists for a spring quality control tune up from Freddie Mac VP Single Family Quality Control Chris Mock, Freddie Mac encourages lenders to take a fresh look at their process for detecting and stopping mortgage fraud. It's basically a two-step process:
If you have questions about mortgage fraud, or suspect mortgage fraud on a Freddie Mac loan, call 1-800-4FRAUD8 or write to firstname.lastname@example.org.
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