Is now the toughest time in decades to be a First Time Homebuyer?
It’s a challenging time to be a first-time homebuyer. In many markets across the U.S. home inventory remains low and homes continue to receive multiple offers every day. Home prices remain high and there’s no significant correction in sight. With mortgage interest rates up and expected to continue to increase through the rest of the […]
Auto Finance – The Need for Speed Is Growing
Automobile finance lenders face market pressures to expedite the lending process and improve the customer experience to remain competitive. Streamlining the underwiring process can also benefit lenders through lower operating costs. There are often stipulations set and additional documentation required from applicants that slows the process and adds to the cost. However, these stipulations are […]
Mortgage Lenders Should Be Aware of Risky Credit Repair Activity That Is Often Hidden From View
The FTC is cracking back at the growing problem of credit washing and people filing false identity theft claims on their website. Today, they obtained an order halting a credit repair scheme that allegedly bilked consumers out of millions of dollars by falsely claiming they will remove negative information from credit reports, while also filing […]
This Skyrocketing Type of Auto Loan Fraud is Flying Under-the-Radar
We’ve all seen the startling images online and on TV: brazen, smash-and-grab burglaries targeting retailers across the country. It’s no surprise these incidents catch our attention. While not as eye-catching as these daytime burglaries, many types of financial fraud are also on the rise, while seemingly out of sight. Auto lending fraud for example—typically defined […]
Mortgage Risk Will Increase As The Market Tightens This Year
As kids, we all played musical chairs. It was an exciting, frantic game full of fun and laughter. That is until you were the one left without a chair. The longer the game goes on, the fewer seats exist and with each passing round and the pressure intensifies. Toward the end of the game, those final, frenzied […]
How Fake Tradelines Are Boosting Credit of Some Borrowers
Credit repair is a worthwhile endeavor for so many consumers. And thankfully, there are thousands of companies that are there to help them by educating them on best practices or helping them to correct errors on their credit reports, or even acting as guides in the credit improvement process. But in some cases, there are […]
The Slippery Slope: How Credit Repair Often Leads to Fraud
“The road to hell is paved with good intentions”. This could be the tagline for some segments of the credit repair industry. Credit repair often begins innocently enough through services like credit counseling and credit cleanup. It is a fact, that many in the credit repair business are legitimately trying to help consumers better understand […]
Hidden in Plain Sight – How Fraud You See Is Often Just Part of the Story
Sometimes what you think your fraud exposure is, is just the tip of the iceberg To prove fraud in the court of law, you need to be able to prove three basic elements Historically lenders have used a very narrow scope to categorize fraud losses, typically focusing only on identity theft. Losses are only labeled […]
The 5 Categories of Synthetic Identity Fraud Reveal Different Motivations
The hottest buzzword in the world of fraud prevention: Synthetic Identity Fraud. If you’ve recently scoured LinkedIn or read your favorite publication, you’ve probably seen an article referencing synthetic identities. What these articles rarely discuss however are the different types of synthetics that financial institutions (FIs) might come across, and the risks that they present. […]
2021 Auto Lending Fraud Sentiment Survey
Each year, Point Predictive formally surveys its’ consortium members to inquire about the achievements, challenges, and general outlook that automotive finance executives see within their organizations when it comes to fraud management. Questions are designed to uncover each executive’s perceptions, priorities, and intentions regarding how to manage down fraud. We’re excited to bring you the […]
