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Valuation fraud is increasing, according to new report
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Even in an age when compliance requirements and the scrutiny of appraisal reports are at an all-time high, valuation fraud is escalating.
Interthinx, a subsidiary of First American Financial Corp. and a provider of risk mitigation solutions for the financial services industry, has released its Mortgage Fraud Risk Report for the first quarter of 2014. According to the report, property valuation fraud has increased notably throughout the country both over the last year and since the fourth quarter of 2013, even as other types of fraud have dropped.
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