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Abstract: 

Mortgage fraud is evolving in scale and sophistication, driven by digitized mortgage processes and the proliferation of AI-enabled document manipulation and deepfakes. Financial institutions are especially at risk. The authors of this article propose a practical, cross-institutional response: tighten internal controls; invest in advanced analytics and real-time monitoring; strengthen frontline training; and collaborate with law enforcement and other industry players. This integrated approach, they conclude, better positions financial institutions to outpace emerging risks.

Keywords: Income and Asset Falsification; Identity Theft; Synthetic Identity Fraud; AI Deepfakes

Affiliations:  1: Troutman Pepper Locke, LLP; 2: Troutman Pepper Locke, LLP.