Integrating automated fraud screen tools requires active participation of the lender’s IT department, experts at the Fraud Issues Conference said today. The lender’s IT department must understand the results the lender is seeking so it can create the systems to deliver them from the vendor. IT must know the results and the reports required in advance. Increasingly, lenders are being urged to go paperless because the risk of fraud is reduced when all documents and verifications are provided electronically. Paper provides for little control over people, process, or legal compliance at the same time it opens doors for fraudsters who can create fake documents and forge signatures. Paperless mortgages are harder to manipulate, they provide information that is manageable, archivable, retrievable, and transferable. More to follow…