According to Reuters, First American CoreLogic has announced their development of the largest National Fraud Data Repository. This revolutionary collection of records can assist clients, either businesses or individuals, with the ongoing battle against mortgage fraud, while continuing to improve and build the best performing anti-fraud programs available.

Here are some of the highlights of what their data base includes and offers:

1. 65% of annual loan applicants’ information which totals over 80 million.
2. The largest compilation of fraud data reports and records; this data is received from nearly 40 investors and lenders having applicant records from 2005 to date.
3. The only fraud data compilation of foreclosures, repurchase indicators, default, and charge-offs that is strong and accurate enough to establish exact scoring models of pattern-recognition.
4. 17 different lenders contribute daily updates on lien information and applications that are part of the Multi-lien Closing Alert Program of First America.
5. The mortgage industry’s most reliable collection of payoff, title, and lien release data which assists with targeting different methods of fraud for first and second liens.
6. Foreclosure records plus community and property fraud reports.
7. Exclusive third-party loan information from numerous retail branches, appraisers, account executives, brokers and loan officers.

First American CoreLogic’s Fraud Data Repository is being hailed by some experts as one of the most reliable analytical and scoring products available or ever established.