Despite instances of loan fraud being reported by the media every day, suspicious activity reporting numbers in the loan sector remain low. “Suspicious activity report (SAR) statistics from the Financial Crimes Enforcement Network’s (FinCEN) October 2015 report shows consumer loan fraud ranked No. 12...

Views on compliance are conflicted. While no reasonable financial institution would intentionally place risk on themselves, their clients, or their reputations by impairing their compliance capacity, the drudgery of getting eyes on the really important information—the gathering of data from multiple disparate systems and...