Answer:
The mortgage industry is in a state of turmoil with consequences that have influenced our national economy and impacted global markets. In 2007, loan originations were at a five-year low, while delinquencies and bankruptcies are at an all time high.1Current conditions underscore the acute need to manage mortgage fraud aggressively. This is critical to protect your bottom line, and to boost investor confidence in mortgage- backed securities as well as public confidence in the mortgage industry as a whole.
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