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May 07: Fraud -- serious business

by Staff Reporter7 minute read

Fraud is one of the most serious issues affecting the mortgage industry today. With technology becoming an increasingly important tool in managing loan portfolios, mortgage managers are in turn becoming a growing target for fraudsters.

Many have blamed current privacy laws for contributing to recent instances of fraud. The main problem for mortgage managers, however, lies in incomplete processes and databases as well as the lack of accountability demanded by and within the industry.

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