MORTGAGES

Despite major efforts made by the mortgage companies to fight fraud it remains difficult to close the net properly. Checks carried out during the acceptance process, fraud awareness workshops and also most of the commonly used automated checks have been shown in practice not to protect against the risks sufficiently.

This means that a large amount of mortgage fraud still remains undetected. We are very pleased to be able to offer you an effective complete solution - the Friss Suite - both for the prevention of fraud and for the related risks. Friss has proven itself in practice as a supplementary service for the prevention of fraud which can be implemented in your operational processes quickly and flexibly, and with a return on the investment in terms of months rather than years it is certainly worthwhile to take up this challenge.

What does Friss provide?

Friss provides a complete solution for fighting fraud effectively geared to mortgages:

• Automated Fraud Detection & Data mining as plug-in fraud service
• Fraud service with more than 75 out-of-the box fraud indicators
• Fraud service can be used, for example, in real time for each case at acceptance, for mortgages that are already  running but where payments are in arrears and as a regular check of a whole portfolio as a batch
• Interfacing with various external data sources for effective detection

You can link to the Friss Mortgage Fraud Platform straightaway

The Friss Mortgage Fraud Platform is a hosted environment and works according to the Software as a Service (SaaS) principle. This means that a ready to use environment in the Friss Suite can be set up for you very quickly without you having to supply a lot of means and personnel for this yourself.