• Fraud and Misrepresentation Still a Challenge in Home Loan Applications

    11 days ago - By RIS Media

    Depending on the financial situation of a buyer, the lending process-as well as underwriting-can be a lengthy one. While underwriting is a thorough practice that carefully assesses a buyer's ability to repay a large sum of money, loan applications are still open to the possibility of defects, fraud and misrepresentation-and many market factors, such as rising interest rates, may be incentive enough for consumers to submit false income information in order to acquire a home loan.
    First American Financial Corporation, a global provider of title insurance and settlement services, recently...
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