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12 month growth
Box Hill
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Mollymook
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Cleve
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RP Data launches fraud fighter

By Staff Reporter
02 July 2009 | 1 minute read

RP Data has launched a specialist mortgage fraud protection and loss mitigation platform called RP Data FraudMark.
The CBA has already signed up for the service, which allows mortgage lenders to speed up the mortgage application approval process of qualifying customers while protecting the bank and its shareholders from loss resulting from mortgage fraud and customer default.
Graham Mirabito, CEO of RP Data, said mortgage fraud has been fairly uncommon in Australia until now.
“Every year in Australia mortgage losses is in the hundreds of millions of dollars and it is growing,” he said.
“Mortgage fraud is a significant and growing contributor to these losses. This fraud and detection tool will help reduce the annual cost of loan processing and will be used to fight fraud.”

RP Data launches fraud fighter
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P Data has launched a specialist mortgage fraud protection and loss mitigation platform called RP Data FraudMark.
The CBA has already signed up for the service, which allows mortgage lenders to speed up the mortgage application approval process of qualifying customers while protecting the bank and its shareholders from loss resulting from mortgage fraud and customer default.
Graham Mirabito, CEO of RP Data, said mortgage fraud has been fairly uncommon in Australia until now.
“Every year in Australia mortgage losses is in the hundreds of millions of dollars and it is growing,” he said.
“Mortgage fraud is a significant and growing contributor to these losses. This fraud and detection tool will help reduce the annual cost of loan processing and will be used to fight fraud.”

RP Data launches fraud fighter
default
lawyersweekly logo

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Do you have an industry update?

top suburbs

12 month growth
Box Hill
127.02%
Mollymook
82.85%
Brightwaters
79.93%
Cleve
78.13%
Bawley Point
76.2%
Murrays Beach
75.57%
Terranora
70%
Crescent Head
69.38%
Park Ridge South
68.32%
Mollymook Beach
67.09%
SEE AREA REPORTS ON SMART PROPERTY INVESTMENT WEBSITE
Subscribe to Newsletter

Ensure you never miss an issue of the Real Estate Business Bulletin.
Enter your email to receive the latest real estate advice and tools to help you sell.