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Mortgage fraud risk remained low at the end of 2023: CoreLogic

Mortgage fraud risk saw a modest uptick toward the end of 2023, according to CoreLogic’s latest Mortgage Application Fraud Risk Index, although it remained largely stable on a year-over-year basis.

The index reached 127 in Q4 2023, marking a 2.7% increase from the previous quarter, but compared to Q4 2022, the index decreased by 1%. 

Despite these fluctuations, overall risk levels have remained relatively flat. As expected, mortgage application volumes dipped in the fourth quarter due to seasonal trends. The purchase loan share stayed high, exceeding 70% for the seventh details ⇒

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