Mortgage fraud risk increased 8.2% year-over-year, with an estimated 1 in 118 applications showing indications of fraud. That’s according to Cotality’s Q3 2025 National Mortgage Application Fraud Risk Index, released on Thursday.

While mortgage fraud risk increased on an annual basis, it dropped by 2.7% from the previous quarter, Cotality said.

The index, which measures quarterly trends in mortgage application fraud across the industry, is based on data from Cotality’s LoanSafe Fraud Manager, which uses predictive scoring technology to assess risk. It tracks six types of fraud indicators: identity, income, occupancy, property, transaction and undisclosed real estate debt.

Out of the six details ⇒

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