Sophisticated fraud and document manipulation, which are rife within the $2.5 trillion home loan market, have exposed worrying vulnerabilities and holes in banks’ mortgage processes.So financial institutions are having to pedal a lot harder against these threats. That’s because fraudulent and manipulated documentation has clearly spread through the mortgage market.Subscribe to gift this articleGift 5 articles to anyone you choose each month when you subscribe.Subscribe nowAlready a subscriber? Fetching latest articles
Pressure on banks to fortify defence against criminals, money laundering
Bendigo Bank is grappling with claims that insiders were involved in laundering funds in its network, as other banks fight hard against a scourge in loan fraud.
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