{"id":1752,"date":"2023-07-27T09:01:34","date_gmt":"2023-07-27T16:01:34","guid":{"rendered":"https:\/\/www.veri-tax.com\/?p=1752"},"modified":"2024-01-10T11:19:21","modified_gmt":"2024-01-10T19:19:21","slug":"income-and-employment-fraud","status":"publish","type":"post","link":"https:\/\/www.veri-tax.com\/income-and-employment-fraud\/","title":{"rendered":"Income and employment fraud is increasing so let Veri-Tax help you mitigate risk of consumer representation."},"content":{"rendered":"<p>According to the CoreLogic 2022 Mortgage Fraud Report, income fraud risk increased 27.3% Q2 2022 compared to Q2 2021.<\/p>\n<p>Fannie Mae also reports income and employment fraud as more than 50% of their investigative findings in the last year.<\/p>\n<ul>\n<li>Fabricated income documents (Paystubs and W-2&#8217;s)<\/li>\n<li>Interested parties to the transaction posing as employers<\/li>\n<li>Falsified bank statements showing direct deposits<\/li>\n<\/ul>\n<p><img loading=\"lazy\" decoding=\"async\" width=\"612\" height=\"164\" class=\"alignnone size-full wp-image-1754\" style=\"width: 100%;\" src=\"https:\/\/www.veri-tax.com\/wp-content\/uploads\/2023\/07\/img-fraud.jpg\" alt=\"Image Fraud\" srcset=\"https:\/\/www.veri-tax.com\/wp-content\/uploads\/2023\/07\/img-fraud.jpg 612w, https:\/\/www.veri-tax.com\/wp-content\/uploads\/2023\/07\/img-fraud-480x129.jpg 480w\" sizes=\"(min-width: 0px) and (max-width: 480px) 480px, (min-width: 481px) 612px, 100vw\" \/><\/p>\n<p>In today\u2019s environment, we find lenders are looking for ways to cut costs and bringing the VOE\/VOI process in house. This poses a big risk opening the lender to a repurchase.<\/p>\n<ul>\n<li>Below are a few ways Veri-Tax can help you mitigate risk of consumer misrepresentation.<\/li>\n<li>Consumer permissioned payroll data sourced from payroll provider<\/li>\n<li>Independently validate employer through trusted 3rd party sources<\/li>\n<li>Intelligent employer database of 4 million HR\/Payroll records<\/li>\n<li>Digital VOE platform for employers to complete verifications electronically and securely<\/li>\n<\/ul>\n<p><strong><a href=\"https:\/\/www.veri-tax.com\/contact-us\/\">CONTACT US<\/a> TO LEARN MORE ABOUT HOW VERI-TAX CAN HELP MITIGATE RISK!<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>According to the CoreLogic 2022 Mortgage Fraud Report, income fraud risk increased 27.3% Q2 2022 compared to Q2 2021. Fannie Mae also reports income and employment fraud as more than 50% of their investigative findings in the last year. Fabricated income documents (Paystubs and W-2&#8217;s) Interested parties to the transaction posing as employers Falsified bank [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":1753,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[10],"tags":[],"class_list":["post-1752","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Income and employment fraud is increasing - Veri-Tax, Inc.<\/title>\n<meta name=\"description\" content=\"Discover how Veri-Tax empowers businesses to mitigate the rising risks of income and employment fraud. 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