A large mortgage conduit has bought a fraud detection company and will offer its services to clients.

The buyer is Independent Mortgage Corp., a unit of CWM Mortgage Holdings Inc., Pasadena, Calif. Independent Mortgage issues securities backed by loans originated by other lenders.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.