Thursday, April 8, 2010

HEY WELLS FARGO, YOU REALLY DON'T KNOW WHAT YOU'RE DOING, DO YOU?

DID YOU SEE THIS HOMEOWNERS?
GEE THANKS WELLS FARGO,
BUT YOU are JUST A LITTLE too late with that
JIFFY "fraud detection tool!" GOSH, WHAT A
SUPER NIFTY IDEA!  HOW DID YOU THINK OF IT?

wells fargo SHOWS HOW LITTLE THEY TRULY KNOW ABOUT MORTGAGE LOANS.  HomeownerS ALREADY pay for a little thing called title insurance.

Wells fargo, you are not fooling anybody with your Weak attempts to divert attention from the widespread Horrific fraud you have committed against investors And homeowners ALIKE have you no heart? It is going to take a great deal more than what A room full of wells fargo "damage control experts" 
Can come up with in an afternoons brainstorm meetinG To recompense for damage done.  Get out your checkbook.

I APOLOGIZE FOR MY CONTINUOUS RANTING HOMEOWNERS, I JUST CAN’T STAND WELLS FARGO PLAYING ‘THE PUBLIC IS OH SO STUPID' CARD.

“Wells Fargo Deploys Fraud Detection Tool”
IN NEWS RESIDENTIAL MORTGAGE
BY MORTGAGE.COM ON TUESDAY 06 APRIL 2010

First American CoreLogic, a member of The First American Corporation family of companies, reports that Wells Fargo is implementing its fraud-prevention tech solution, LoanSafe Fraud Manager.

In addition to the implementation at Wells Fargo, LoanSafe Fraud Manager is now in active evaluation with 10 other lenders, First American CoreLogic says.

LoanSafe Fraud Manager combines pattern recognition technology with property, loan and mortgage fraud data, and provides a risk score. First American CoreLogic has created patented fraud models that assign each loan a fraud-risk score spanning from one (lowest risk) to 999 (highest risk). By using these scores, lenders can realize revenue increases through quicker and more efficient underwriting and increase revenue by reducing default and foreclosure-related losses associated with fraud, the company says.

LoanSafe Fraud Manager now also offers improved reporting with more loan information categories displayed and alerts grouped by likely fraud types. Additionally, this new fraud detection solution offers more input fields for greater functionality and tracking, according to First American CoreLogic.

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