According to FBI statistics, lenders lost more than $1 Billion Dollars in 2006 to mortgage fraud. Though fraud detection systems exist on the front-end of the loan process, there has been no closing agent scrutiny, closing participant identification, and real time data access as a back-end fraud deterrent, until now.
Ciercus Systems' exclusive product, SettlementPro TM, is a patent-pending product that together with Professional Assurance and Repurchase Resolution Specialists, combine to form a three tiered approach to fighting mortgage fraud as well as mitigating losses from fraudulent and non-performing loan repurchase demands. Find out more.
The headlines speak for themselves.