• Factors causing increases in fraud risk 
  Fraud risk was up slightly quarter-over-quarter, but relatively flat year-over-year. This continues a trend we have witnessed over the past several quarters, despite the high level of purchase loans relative to refinances. Purchase loans are traditionally higher risk compared to refinances. 
• Metros where fraud risk is the highest 
  Quarter-over-quarter, the same 15 riskiest metros we observed in Q3 are still in our top 15, with minor changes in overall risk noted in each metro. 
• Areas of concern  
  Many of our clients have noted that instances of income falsification have increased. The current trend centers around borrower income being inflated by a new, high-wage job after previously being self-employed. 

Read the report to get more in-depth insights in the Quarterly Mortgage Fraud Brief and see how you can better protect your business from the growing risk of mortgage fraud. 

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