ADV 120 Fraud Report
Application Data Validation (ADV) Reports
The Application Data Validation (ADV) report is a single comprehensive report that verifies all loan information including validation elements required by secondary market investors Fannie Mae (LQI), CitiMortgage, Chase Rural, Stonegate Mortgage, Pacific Union Financial and many more.
The ADV report delivers objective and independent analysis using real-time data to detect fraud, identify risk elements, enable compliance and reduce the risk of loan repurchase. This in-depth review of the applicant and property identifies discrepancies in borrower identity, personal information, property, employer details and more.
Delivered in an easy-to-read, “Pass” or “Fail” review, ADV is quick and efficient, saving hours of time and eliminating costly mistakes. ADV even checks for miskeyed data and highlights any discrepancies with provisions to accept with discrepancy or resolve, as per user requirements.
ADV-120 is a comprehensive validation package that provides alerts against key loan data including: Borrower ID, MERS Liens, Occupancy, SFR Ownership, Employer ID, Property Information, Neighborhood Factors, Watch Lists, FEMA and Summary of Findings. (Powered by PitchPoint)