Lenders 'layer up' with extra security measures in 2021: Getting ahead of the next wave of mortgage fraud calls for rock-solid systems with several protective tools deployed at once. But that only goes so far without the proper employee preparation.

Lenders "layer up" with extra security measures in 2021: Getting ahead of the next wave of mortgage fraud calls for rock-solid systems with several protective tools deployed at once. Successful fraud efforts on mortgage lenders rose to an average of 721 per month in 2020, up from 460 in 2019, based on a study by LexisNexis (see full story on page 5). Because of staggering unemployment and an increased likelihood of borrowers providing false information according to a study by First American, next year's tech could center on improved employment verification software. [Extracted from the article]