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VISIT US ONLINE @ DSNEWS.COM is "a well-respected and seasoned counsel" who is "committed to the highest standards demanded of all legal providers in today's challenging residential mortgage industry." LOGS CEO Gerald Shapiro, who previously worked with Lynn Janeway for many years, added, "Lynn's professionalism and experience in representing creditors with respect to their delinquent mortgage portfolios throughout the state is a welcome addition to our network. Colorado is an important jurisdiction and we are pleased to be able to showcase her firm." LOGS professionals have represented the mortgage servicing and consumer credit industries for more than three decades. The organization's centrally managed network consists of attorneys, trustees, title personnel, and collection staff, concentrating on the risk-sensitive areas of foreclosure, bankruptcy, eviction, title, and REO management. Kroll Factual Data Uncovers Rise in Potential Application Fraud Kroll Factual Data, Inc., found risks in mortgage applications appear to be increasing. The company recently revealed that the loans it processes had a 1.3 percent increase in the possibility of fraudulent activity in the second quarter compared to the previous quarter. "With rates at all-time lows, the volume of loan applications in the second quarter was extremely high, putting even greater pressure on mortgage lenders," said Rod Bazzani, president of Kroll Factual Data. Aside from the high volume of mortgage applications in today's low mortgage rate environment, the company pointed out that lenders are also dealing with more stringent lending requirements. KNOW THIS 81656: The ZIP code of Woody Creek, Colorado, the fourth priciest city in the U.S., according to 24/7 Wall St. Kroll Factual Data has developed advanced proprietary algorithms, deployed through its risk analysis and verification engines, which evaluate information provided by the applicant to identify indicators of fraud. "With our risk analysis and verification engines, we have the ability to spot potential fraudulent activity based on alerts triggered by the applicant-provided information and then provide those alerts along with recommended remediation actions to our clients, helping them mitigate risk and operate more efficiently," Bazzani added. Indicators of potential fraud include possible occupancy/straw buyer misrepresentation; identity misrepresentation; Social Security number discrepancies; and personal information discrepancies such as name, age, and contact information. Based in Loveland, Colorado, Kroll Factual Data is a provider of independent verification services to mortgage lenders, banks, credit unions, and property management firms. THE LEADER IN DEFAULT SERVICING NEWS RE/MAX Finds Inventory Reduces Sales in September, but Helps Prices The median sales price for homes sold in September continued to move higher annually and monthly as sales stalled from the previous month, according to a housing report from RE/MAX, which tracks Multiple Listing Service (MLS) data in 52 metropolitan areas. The median sales price in September was $164,989, a slight 0.7 percent increase from August and a 7.8 percent improvement from September 2011. So far, prices have been rising yearly for eight straight months, according to Denver-based RE/MAX. Out of the 52 metros surveyed, 44 saw annual price gains in September. The metros with the most significant increases included Phoenix (33.3 percent), Miami (23.1 percent), Atlanta (23 percent), San Francisco (22.7 percent), and Detroit (20 percent). September experienced a typical seasonal drop in home sales, with sales falling 17.5 percent from August. The report explained sales were also challenged by shrinking inventory. Despite the monthly decline, home sales still managed to come in 0.5 percent higher than last year's figure. Metro areas where year-over-year sales gains were strong included Albuquerque Help shape the next issue of DS News. Drop us a line at Editor@DSNews.com. 99

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