Mortgage Lenders are experiencing growing losses in their mortgage businesses. A large proportion of these losses are due either to material misrepresentation or outright fraud. Sadly, improving credit assessment of borrowers and tightening property valuation methods has not stemmed the losses. Losses due to fraudulent misrepresentation are mounting rapidly, and any response to this threat must occur at application assessment time - i.e. prior to funding.

Risk Mitigation Solutions are available now using the latest technology.

RP Data has just brought together two leading international Risk Mitigation tools localised for the Australia and NZ markets. Augmented with Australia’s leading property information databases the tools deliver both Collateral Risk Scoring and the patented analytic pattern based Fraud and Early Payment Default Risk Scoring. This complete Risk assessment is delivered to clients via a secure Internet service, without disruption to current processing methods.

The end result is a dynamic set of solutions that  minimise risk and detect potential loss before losses are incurred, reducing costs and improving reputational status.