Risk is an ever-present reality in the lending industry and lenders are well aware that the ability to effectively mitigate risk is critical to long-term financial success.
Using automated verification tools to reduce risk, particularly from fraud, is still a relatively new concept, but it also is one which First American Chief Economist Mark Fleming believes can have profoundly positive effects on the industry. Fleming discussed some of the benefits of automated verification with Dodd Frank Update. Read on to learn more about what he had to say.