How important is it to verify employment and income? Vitally important, according to speakers in an early session at the MBA’s Fraud Issues Conference in Las Vegas. A lender on a panel discussion this morning reported that as soon as a process had been set up to use 4506-T verification of income, the institution saw “an immediate decline in early payment defaults.” The key to success: training. Make sure all underwriters know how to employ the fraud mitigation processes you put into place. More to follow...