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Participant Risk Assessment | FullFacts
Utilizing advanced, knowledge-based analytics, FullFacts comprehensively assesses the risk of potential misrepresentation of the broker, appraiser, loan officer, closing agent, and the other participants involved in a mortgage loan transaction.
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Instant Results
You request and receive data through Kroll Factual Data’s online platform. Our secure click-for data interface provides a comprehensive analysis of your participant risk in real time.
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Add Your Exclusionary List
To streamline your workflow, Kroll Factual Data can upload your internal exclusionary list into the FullFacts participant risk analysis.
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Innovative Knowledge-based Analytics
Our proprietary knowledge-based risk assessment engine imitates human problem solving by accessing a database of proprietary fraud-trending knowledge which is collected, compiled and maintained by mortgage fraud experts. The result is accurate identification of misrepresentation, lower review rates and less false positives.
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Customizable
Our knowledge-based risk asssessment engine allows you to not only weigh the severity of every fraud alert according to your business processes, but also customize the alerts and action steps given to your processing staff so that it matches your investors' requirements.
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Detailed Reports
FullFacts includes a comprehensive set of results including an overall score, alerts by category with actions and evidence data for further review and analysis.
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Experience
Kroll Factual Data's dedicated risk mitigation development team, which is comprised of experienced product designers, architects and analytical experts, has unparalleled experience developing innovative services that protect lenders from even the most difficult to detect fraud schemes.
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Add Unique Participants
Kroll Factual Data enables you to easily add any unique participants to the assessment if you have a loan with a participant that is not included in our list. Listed below are the 25 participants that are included in the standard FullFacts analysis:
Broker
Lender
Loan Officer
Processor
Third Party Originator
Appraiser
Supervisory Appraiser
Appraisal Company
Review Appraiser
Underwriter
Buyer Real Estate Agent
Seller Real Estate Agent
Landlord - Individual
Landlord - Company
Notary
Title Agent
Title Company
Closing Agent
Closing Company
Closing Attorney
Gift Donor
Power of Attorney
Builder
Other - Individual
Other - Company
How FullFacts Works
Seconds after you provide us with three basic pieces of information - the borrower's name, the property address and at least one additional participant (ex. appraiser, title agent etc.) - we reply with a report that identifies loan party collusion, conflict of interest and non arms length transactions and also determines whether any of the participants are included on the OFAC List of Specially Designated Nationals (SDN), the OFAC Non-SDN Palestinian Legislative Council List (NS-PLC), the HUD Limited Denial Participation List, or the HUD Debarment List. Kroll Factual Data can also upload your own internal exclusionary lists into the search.
Kroll Factual Data provides powerful solutions that help our clients make qualified and confident business decisions that transfer risk, enhance safety and soundness, and increase profitability