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CoreLogic Reports a 12.4 Percent Year Over Year Increase in Mortgage Fraud Risk for the Second Quarter of 2018

CoreLogic Reports a 12.4 Percent Year-over-Year Increase in Mortgage Fraud Risk for the Second Quarter of 2018 September 13, 2018 IRVINE, Calif.–(BUSINESS WIRE)–Sep 13, 2018–CoreLogic (NYSE: CLGX), a leading global property information, analytics and data-enabled solutions provider, today released its latest mortgage fraud report .

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The report shows a 12.4 percent year-over-year increase in fraud risk at the end of the second quarter, as measured by the CoreLogic mortgage application fraud Risk Index.

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Tech-focused non-banks like Quicken Loans continue to absorb more and more market share every year, and now dominate the list. Real, tangible risks. Wire transfer fraud, which saw a 480% increase.

Mortgage fraud risk has increased continually for the last seven quarters, according to CoreLogic. The analytics firm’s latest mortgage fraud report showed a 12.4% year-over-year spike in fraud.

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CoreLogic (NYSE: CLGX), a leading global property information, analytics, and data-enabled solutions provider, today released its latest Mortgage Fraud Report. The report shows a 12.4 percent year-over-year increase in fraud risk at the end of the second quarter, as measured by the CoreLogic Mortgage Application Fraud Risk Index.

The report shows a 12.4 percent year-over-year increase in fraud risk at the end of the second quarter, as measured by the CoreLogic Mortgage Application Fraud Risk Index.

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Just as it was at the Digital Mortgage Conference in San Francisco, it is likely to continue into this year’s MBA Annual in Denver. "Our solutions mitigate this fraud and risk for our clients.".

The risk of mortgage fraud in the second quarter was 12.4 percent higher from one year earlier, according to the latest data from the CoreLogic Mortgage Application Fraud Risk Index. CoreLogic determined that an estimated one in 109 applications, or 0.92 percent of all mortgage applications, contained indications of fraud in the second quarter.

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CoreLogic (NYSE: CLGX), a leading global property information, analytics and data-enabled solutions provider, today released its latest Mortgage Fraud Report. The report shows a 12.4 percent year-over-year increase in fraud risk at the end of the second quarter, as measured by the CoreLogic Mortgage Application Fraud Risk Index.

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