Friday, May 04, 2012

Title Industry Survey Respondents Evenly Divided On Which Type Of Real Estate Fraud Is Of Most Concern

From a recent press release from Ernst Publishing Company:
  • Ernst Publishing Company has released the results of a title industry survey, revealing thoughts and perceptions held by industry insiders regarding mortgage fraud. The survey touched about 9,000 industry participants, many of whom provided detailed answers.

  • About 40 percent of respondents felt that fraud in real estate transactions had increased in the last year, while the respondents were evenly divided on the topic of which type of fraud they were most concerned about. Among the choices: Robo-signing, identity theft, integrity of the record, fraud within the loan transaction, and foreclosure fraud.
For more, see Ernst Survey Reveals Industry Take on Mortgage Fraud (It’s a growing problem and players in the mortgage space are ready to take action).