Wire fraud is a growing issue for consumers and financial institutions involved in real estate transactions. According to the FBI, the number of wire fraud scams reported by title companies to Internet Crime Complaint Center (IC3) spiked 480% in 2016. Perpetrators are monitoring real estate transactions and timing fraudulent requests for changes in payment type […]
Mortgage lenders have started to welcome and incorporate new technology in the process of applying for a loan. This is a refreshing change from the expected process of lengthy in-person meetings, compiling and transporting of all financial documents, and a slow approval process. New lenders are starting to enter the mortgage game around an automated […]
Technology is catching up to the tremendous amount of data we already use on a daily basis. The mortgage industry has not typically been on the forefront of the latest in technological improvements but thankfully this attitude is changing for the better. Most mortgage loan servicers now store more than 10,000 elds of data on […]
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