Mission
Statement
Property Fraud Prevention’s
intent is to provide data security, data integrity, and real time response to subscriber
submissions. It is our goal to provide a very powerful tool which will assist the
mortgage industry in identifying and possibly preventing fraudulent activities and
reduce the risk of loss.
Summary
It is our intent to identify
significant information concerning every new residential mortgage application that
is entered into a secure PFP database.
There is a critical need
in the Mortgage Industry to start sharing information relating to identifying and
preventing fraudulent activity.
PFP will facilitate the sharing of key data to improve a subscriber’s ability
to make more informed decisions throughout the mortgage process.
The system is not intended
to determine fraud but to identify circumstances that subscribers may want to investigate
further due to inconsistencies or the receipt of loan data that matches data contained
in a subscribers report.
For more information please phone toll free: 1-877-338-7450