Nov
02

Valuation Fraud Shoots Up By 25% in the Third Quarter

By

– Valuation Review

Interthinx released its quarterly Mortgage Fraud Risk Report, covering data collected during the third quarter of 2009. The report, which includes an analysis of the state of mortgage fraud nationally and indices for the four most common types of mortgage fraud, indicates that the overall fraud risk index surged more than 11 percent from the previous quarter, with valuation fraud increasing by 25 percent.

ARTICLE SHORTENED DUE TO LENGTH….

LINK TO ARTICLE HERE:
http://ow.ly/xG20
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BLOG NOTE:
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A lender must have a good appraisal process management plan in place to recognize valuation fraud. Integra Realty Resources can help with setting up a strong appraisal process management plan for commercial lending. Call or e-mail me to learn more.
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Michael Dodds, MAI, CCIM, MRICS

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