Effective risk management requires the ability to uncover the hidden dangers that could sabotage your loan portfolio. Few things pose a greater risk, or are harder to discover, than fraudulent loans.

Until recently, there was a chance you could spot potential fraud by using specially trained auditors or by running highly specific programs.  These options were often too expensive and time consuming to use on all loans. Yet, scanning only a percentage of loans could let hidden problems slip by. With FIS Hansen Quality’s FraudDetector™ and HQ FraudID™ reports, you’ll be able to access all the information you need to red-light potentially fraudulent loans, starting at the point of origination.

FraudDetector gives you an exceptionally fast and cost-conscious risk management solution that’s powerful enough to screen all your loans for valuation and identity fraud. FraudDetector scans each loan application in seconds and red-flags any items that could indicate a potential problem. You’ll quickly receive results in the form of an easy-to-read confidence score, similar to a FICO™ score, along with stoplight-style risk ratings.

FIS Hansen Quality’s exclusive HQ FraudID report is an advanced fraud prevention screening tool that gives you the in-depth information you need to minimize portfolio risk. Its speed and affordability are similar to an automated valuation model (AVM). The HQ Fraud Score and the HQ FraudID report will help you summarize and quantify factors that indicate a higher likelihood of foreclosure due to fraud or intentional misrepresentation. The score is supported by a simple, easy-to-scan report that quickly alerts you if more in-depth evaluation is recommended. All this happens within minutes, either online or during batch processing.

To get more information, call 800.282.1104 or visit www.hanqual.com today!