home mortgage fraud newsletter full stories advertise mortgage industry newsletter RSS about us
HOT Topics Fraud Resources Fraud Prevention Mortgage Litigation News Appraisal News

Sign Up for Free Mortgage Fraud Newsletter

twitter linkedin
facebook google+
Mortgage News

Search mortgage fraud news by keyword.

Mortgage Fraud News
News, analysis and statistics about mortgage fraud.

Local Mortgage Fraud
Stories about individual mortgage crime cases.

Mortgage Fraud Statistics
Statics by year about real estate fraud.

Mortgage Fraud Index
Quarterly index based on case activity.

Mortgage Advertising
Reach mortgage executives, loan originators and other people tied to mortgage industry.

Consumer Mortgage News
Free mortgage news for prospective borrowers.

Mortgage Newsletter
Free e-mail newsletter with the latest headlines from MortgageDaily.com.

Mortgage Fraud Feedget RSS code
The latest case activity tracked by FraudBlogger.com for your Web site or for your RSS reader.

Mortgage Fraud Archives
Archive of FraudBlogger.com entries going back to 2005.



I.D. Theft Protection

Donnashi Enterprises Unveils Protection Against Security Theft for Mortgage Industry Customers

CALIFORNIA -- (May 31, 2006) There is a lot of concern about identity theft. In mortgage lending, the post-closing audit phase requires that the initial income and asset documents be re-sent to the originating institution for authentication. Needless to say, this puts the consumer at risk as their information may be compromised.

DONNASHI ENTERPRISES, INC. provides its customers and consumers with protection against identity theft. All of their re-verification documents now have Social Security numbers and home addresses blacked out; they offer verbal re-verification options whenever possible.

"It is difficult to comply with post-closing policies that were written before identity theft and privacy laws were enhanced," says Donna Beinfeld the President of DONNASHI ENTERPRISES, INC. Freddie Mac, Fannie Mae, HUD and the VA's policies were written to protect the lender and the agency. The security rules were created when fake documents were at an all-time high. "Unfortunately," Benfield continues, "fake documents are no longer our only concern. The security of our clients and their customers (the consumer) is of the utmost importance to us and so we’re happy to extend these extra precautions."

"In today's lending world, many loans lack income or asset documents because programs such as stated income or no income verified programs exist" says Basheva MacPherson EVP of DONNASHI ENTERPRISES, INC.

With the 900 work number and automated banking verification available through an independent third party accessible to compliance departments, the old policy of mailing documents for authentication is antiquated and dangerous. Hopefully, the government agencies that buy or insure mortgages will catch on to the enactment of recent federal laws that protect the consumer such as FACT ACT, Privacy Act, etc.

Until that time, it is up to each mortgage-industry company to set their own standards. Donnashi Enterprises is available to work with other mortgage and banking companies to set security policies through their training, operations manuals, and quality control services.

Headquartered in California, and assisting companies Nationwide with post-closing, state-specific and fraud audits, Donnashi Enterprises is an out-source compliance firm for the mortgage banking industry. They also offer policy and procedures manuals, training, and consulting support to a companies wishing to expand, add products to the consumer, mortgage broker and broker-to-bank conversion.


Mortgage Fraud Litigation

Q4-2012 | Q3-2012
Q2-2012 | Q1-2012

Q4-2011 | Q3-2011
Q2-2011 | Q1-2011

Q4-2010 | Q3-2010
Q2-2010 | Q1-2010

Q4-2009 | Q3-2009
Q2-2009 | Q1-2009

Q4-2008 | Q3-2008
Q2-2008 | Q1-2008

full-year 2007
Red Flags Rule
News about the Fair and Accurate Credit Transaction Act.
Analysis of Fraud Enforcement and Recovery Act
The Mortgage Graveyard
Reverse Mortgage Blog
Mortgage Compliance Newsletter
Free compliance newsletter from MortgageDaily.com.

Copyright © 2014 MortgageDaily.com
MortgageDaily.com Subscribers Only:

AMC directory

ARM indexes

mortgage company directory

mortgage regulations

net branch directory

pricing engine directory

wholesale lender directory

More Mortgage News Resources (MortgageDaily.com full site map):

advertising news

appraisal news

bank news

biggest lenders

commercial mortgage news

corporate mortgage news

credit news

FHA news

financial regulation news

foreclosure news

free mortgage news

GSE news

jumbo mortgage news

interest rates

loan modification news

loan officer compensation rule

loan originator compensation rule


mortgage associations

mortgage-backed securities

mortgage books

mortgage brokers

mortgage compliance

mortgage conferences

mortgage directories

mortgage education

mortgage employment

mortgage employment index

mortgage executives

mortgage fraud

mortgage fraud blog

Mortgage Fraud Index

Mortgage Graveyard

mortgage insurance news

mortgage lawsuits

mortgage leads

mortgage lender ranking

mortgage licenses

mortgage litigation

Mortgage Litigation Index

Mortgage Market Index

mortgage mergers

mortgage news

mortgage politics

mortgage press releases

mortgage production

mortgage public relations

mortgage rates

mortgage servicing

mortgage statistics

mortgage technology

mortgage video

mortgage Webinars

net branch

net branch directory

nonprime news

origination news

originator tools

sales blog

reverse mortgage news

secondary marketing

servicing news

subprime news

wholesale lenders

wireless mortgage news