While automated underwriting and credit scoring systems provide increased volume and lower costs to lenders, they cannot verify the information reported on a loan application. Because perpetrators of fraud often have no prior history, these databases are not enough to contain the risk of defaulted loans. BRI offers customized verification services to detect incongruent or misinformation in mortgage applications. BRI's fraud specialist conducts initial database searches, contacts all listed and developed employment references, banking institutions, personal references etc., as warranted. Any misinformation or incongruent information triggers an in depth due diligence investigation including personal interviews with the applicant's listed references, mortgage broker, seller, appraiser, etc.
Clients receive our detailed report including our recommendation for approving or denying the loan.
The M.A.V.S. program provides lenders with an unbiased review and analysis of mortgage loan applications in a timely manner. By providing information crucial to their business decisions, M.A.V.S. helps our clients reduce their risk and limit liabilities. All Rights Reserved.