TITLE

Lenders need data and the right systems in place to fight fraud

AUTHOR(S)
ARMITAGE, ROY
PUB. DATE
October 2016
SOURCE
Mortgage Strategy;10/26/2016, p16
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article talks about increase in financial scams in Great Britain according to a report by the organization Financial Fraud Action UK. It informs that it necessary for lenders to be cautious in collecting data and keeping the right systems to avoid fraud. It mentions the importance of employing experienced underwriters to check the application data and talks about the precautionary approach adopted by online property lending and investing business company LendInvest.
ACCESSION #
119047960

 

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