White Papers
Rebuilding the Mortgage Industry – The Path Back to Profitability
There is a lot of talk about what is needed as the mortgage industry rebuilds itself. In this paper, BasePoint identifies issues to consider regarding current practices, and outlines the changes it believes the industry will need to adopt to get back on the road to profitability. BasePoint recommends a multi-step process to help originators and investment banking firms improve the quality of their portfolios going forward, and describes the recommendations in detail.
Request a copy of this white paper Mortgage Fraud and the Impacts of a Changing Financial Climate
Through its work with leading lenders, BasePoint continually monitors new and emerging trends in the area of mortgage fraud and early payment default. This paper details scientific findings related to mortgage fraud and outlines variables that impact lender exposure as well as solutions to mitigate the ever-growing fraud problem. Key topics include: understanding, defining and quantifying mortgage fraud, the impact of economic variability, mortgage fraud study findings, and how to stem the tide of mortgage fraud.
Request a copy of this white paper Occupancy Fraud
After conducting an analysis of the loans in the BasePoint data consortium, coupled with a review of lenders’ operations, BasePoint determined that 20% of all mortgage fraud contained elements of misrepresentation of the borrower’s intent to occupy the property. Since owner occupied properties represent a much lower risk for mortgage lenders, these misrepresentations substantially under-estimated the level of risk that lenders were taking on for these particular loans. This White Paper examines the problem of occupancy fraud and the impact that it has had on the mortgage industry, and describes available solutions to address it.
Request a copy of this white paper Integrated Fraud Analytics
Legacy analytic solutions are often not tailored to a lender's technical environment. They typically involve lengthy and expensive integration projects. This paper describes BasePoint's approach to fraud detection modeling, as well as to introduce recommended process for model building, development and implementation. It covers a discussion of common analytic techniques, an introduction to the process of building models, and the development of models for fraud detection.
Request a copy of this white paper Broker-Facilitated Fraud – The Impact on Lenders
Today in the U.S., one in every 200 mortgage loans contains material misrepresentations that result in financial loss. The fraud scientists at BasePoint recently completed an extensive study of more than three million historical loans, providing a unique view into the hidden patterns of mortgage fraud. Their analysis revealed that broker-facilitated fraud represents the most serious mortgage fraud risk to lenders. Key topics of this paper include: understanding broker fraud, broker fraud risk and tools to mitigate broker fraud.
Request a copy of this white paper Early Payment Default - Links to Fraud and Impact on Mortgage Lenders and Investment Banks
Through its work with leading lenders, BasePoint continually monitors new and emerging trends in the area of mortgage fraud and early payment default (EPD). This paper details scientific findings related to EPD and the link between fraud and payment trends during the early life of a loan. Key topics include: understanding EPD and the links to mortgage fraud, EPD study findings, and how to use analytic solutions and broker monitoring to help mitigate
EPD losses.
Request a copy of this white paper
There is a lot of talk about what is needed as the mortgage industry rebuilds itself. In this paper, BasePoint identifies issues to consider regarding current practices, and outlines the changes it believes the industry will need to adopt to get back on the road to profitability. BasePoint recommends a multi-step process to help originators and investment banking firms improve the quality of their portfolios going forward, and describes the recommendations in detail.
Request a copy of this white paper Mortgage Fraud and the Impacts of a Changing Financial Climate
Through its work with leading lenders, BasePoint continually monitors new and emerging trends in the area of mortgage fraud and early payment default. This paper details scientific findings related to mortgage fraud and outlines variables that impact lender exposure as well as solutions to mitigate the ever-growing fraud problem. Key topics include: understanding, defining and quantifying mortgage fraud, the impact of economic variability, mortgage fraud study findings, and how to stem the tide of mortgage fraud.
Request a copy of this white paper Occupancy Fraud
After conducting an analysis of the loans in the BasePoint data consortium, coupled with a review of lenders’ operations, BasePoint determined that 20% of all mortgage fraud contained elements of misrepresentation of the borrower’s intent to occupy the property. Since owner occupied properties represent a much lower risk for mortgage lenders, these misrepresentations substantially under-estimated the level of risk that lenders were taking on for these particular loans. This White Paper examines the problem of occupancy fraud and the impact that it has had on the mortgage industry, and describes available solutions to address it.
Request a copy of this white paper Integrated Fraud Analytics
Legacy analytic solutions are often not tailored to a lender's technical environment. They typically involve lengthy and expensive integration projects. This paper describes BasePoint's approach to fraud detection modeling, as well as to introduce recommended process for model building, development and implementation. It covers a discussion of common analytic techniques, an introduction to the process of building models, and the development of models for fraud detection.
Request a copy of this white paper Broker-Facilitated Fraud – The Impact on Lenders
Today in the U.S., one in every 200 mortgage loans contains material misrepresentations that result in financial loss. The fraud scientists at BasePoint recently completed an extensive study of more than three million historical loans, providing a unique view into the hidden patterns of mortgage fraud. Their analysis revealed that broker-facilitated fraud represents the most serious mortgage fraud risk to lenders. Key topics of this paper include: understanding broker fraud, broker fraud risk and tools to mitigate broker fraud.
Request a copy of this white paper Early Payment Default - Links to Fraud and Impact on Mortgage Lenders and Investment Banks
Through its work with leading lenders, BasePoint continually monitors new and emerging trends in the area of mortgage fraud and early payment default (EPD). This paper details scientific findings related to EPD and the link between fraud and payment trends during the early life of a loan. Key topics include: understanding EPD and the links to mortgage fraud, EPD study findings, and how to use analytic solutions and broker monitoring to help mitigate
EPD losses.
Request a copy of this white paper