Mortgage fraud cases haven't surged dramatically, but subtle shifts in tactics and technologies are reshaping the industry.

- Under the umbrella of purchase fraud, transaction fraud risk, such as undisclosed agreements between the parties and down payment fraud, is making waves.

- While New York has long been the top state for fraud risk, California ranks in third-place, but the Golden State did show a double-digit increase in risk from the prior year.

-Fraud can delay transactions, increase costs, and even prevent first-time buyers from securing deals, eroding trust in the market.

In this episode

2:35 – An overview of fraud risk in the U.S.

5:22 – How has the rate of occupancy fraud changed over the past year

8:23 – Why is mortgage fraud so difficult to detect and how can it be mitigated?

10:35 – Has automation opened the door to new mortgage fraud vulnerabilities?

13:44 – How can big data and advanced analytics help with fraud detection?

17:53 – Erika Stanley goes over the numbers in property market in The Sip.

19:29 – How can regulation help with fraud detection and mitigation?