Fraud Mitigation Prevention Best Practices

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Fraud Mitigation best Practices Single-Family July 2016 Fraud Mitigation best Practices July 2016 Page 2 Table of Contents Introduction ........................................ ........................................ ........................................ ...... 3 Seller/Servicer Requirements ........................................ ........................................ ................... 3 Preventing Fraud ........................................ ........................................ ...................................... 4 Employee Training & Awareness ........................................ ........................................ .......... 4 Prudent Underwriting.

Fraud Risk Management Policies and Procedures: Put sound and appropriate fraud detection, prevention, investigation, resolution, and reporting policies and procedures in place and communicate them to employees. Regulatory Compliance: Ensure appropriate policies and procedures are in

  Practices, Best, Best practices, Investigation, Fraud