A group of 11 companies has established a coalition that makes available a national database containing a compilation of data on brokers who have participated in fraud or have left a trail of problems in their wake. "We see it as one more thing they can do" in addition to performing background checks that sometimes fail to show fraudulent activity on record because the perpetrator moves swiftly from one employer to the next, the president of one coalition company told MortgageDaily.com.
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