Poor hedging strategies and sky-rocketing interest rates aside, one of the biggest reasons mortgage banks lose money each year is through treasury fraud. Some analysts believe banking industry losses from treasury fraud exceed $500 million each year and more than $10 billion losses already booked are attributable to treasury fraud.

And with the advances in technology occurring faster than lenders can count them, the opportunities for fraud have grown over the last few years, particularly new schemes being developed that threaten secondary marketing and loan servicing operations.

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