Verification of Occupancy

Identify areas of occupancy risk across the loan lifecycle

Protect your portfolio while preserving profitability

LexisNexis® Verification of Occupancy helps identify potential misrepresentation by automatically analyzing 16 dimensions of occupancy evidence to rapidly assess and segment your entire portfolio. With this powerful tool you can easily understand areas of risk from application verification through post-funding reviews. Verification of Occupancy strengthens investigations to quickly identify areas of potential exposure to risk while speeding research time and lowering investigative costs.

Raise occupancy risk visibility while reducing research costs

Verification of Occupancy combines the wide-reach of LexisNexis® public and proprietary records with powerful linking and analytics to deliver a comprehensive evidence of occupancy perspective that links disparate information in one place for quick risk analysis.  This tool can be used to cost-effectively verify application information and analyze your loan portfolio for incidents of misrepresentation by helping your business:  

  • Ascertain evidence of occupancy across a range of 16 dimensions
  • Verify accuracy and mitigate application fraud
  • Speed investigations by eliminating multi-step processes
  • Reduce research time and costs
  • Improve portfolio segmentation
  • Strengthen remediation and identify recourse opportunities
  • Reduce the risk of repurchase demand

By streamlining misrepresentation investigations and due diligence to speed the identification of occupancy fraud, Verification of Occupancy saves your business valuable time which translates into critical cost avoidance as well as significant cost savings.

Get it now: For more information about the LexisNexis® Verification of Occupancy, please call 800.869.0751.

Access synthesized risk information and reduce manual investigations

Verification of Occupancy can help reduce investigation costs by up to 40%1 and significantly minimize the cost impact of manual “door-knock” investigations by reducing the need for third-party occupancy inspections. You can detect two and a half times more fraud2 by optimizing your investigation with this solution which helps eliminate multi-step research processes and duplicative, redundant efforts.

Verification of Occupancy is available in flexible delivery options, including via Online, Batch and XML, to help you proactively manage research costs and increase the efficiency of your workflow. The solution can be run in current-date or point-in-time mode, depending on your need.

Customize the information returned to fit the objective of your investigation:

  • Online and XML Report: Access an overall score, concise risk indicators, alerts to support further research and supporting documentation to drive well-informed decisions.
  • Score and Attributes: Utilize intuitive attributes across the 16 dimensions of occupancy in your own scoring models and evaluations.

This powerful investigative tool can help your business strengthen investigations and servicing research while lowering research costs. Protect your loan portfolio by mitigating occupancy fraud risk with Verification of Occupancy.

Get it now: For more information about the LexisNexis® Verification of Occupancy, please call 800.869.0751.

1. Assumptions include an average of 5 minutes per case review and a fraud analyst cost of $50 per hour.
2. Based on in-house testing at LexisNexis, 2014.

Literature

  1. LexisNexis® Verification of Occupancy
    Knock out investigation costs and detect nearly three times more fraud with LexisNexis® Verification of Occupancy
  2. LexisNexis® Verification of Occupancy - Sample Report

Get it now: For more information about the LexisNexis® Verification of Occupancy, please call 800.869.0751.

Contact Us

For more information about our solutions call 800.869.0751 or contact us online

The Verification of Occupancy services are not provided by “consumer reporting agencies,” as that term is defined in the Fair Credit Reporting Act (15 U.S.C. § 1681, et seq.) (“FCRA”) and do not constitute “consumer reports,” as that term is defined in the FCRA. Accordingly, the Verification of Occupancy service may not be used in whole or in part as a factor in determining eligibility for credit, insurance, employment or another purpose in connection with which a consumer report may be used under the FCRA. Due to the nature of the origin of public record information, the public records and commercially available data sources used in reports may contain errors.

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