PitchPoint
PitchPoint

Mortgage fraud detection you can defend to an investor

When an investor questions a loan file, “we ran a fraud report” is not an answer. PitchPoint’s Application Data Verification (ADV) is a configurable mortgage fraud detection workflow that verifies every borrower, participant and property data point before funding.

It runs inside your loan origination system. Every result lands in one artifact, the ADV Fraud Risk Report: what was checked, what came back, how severe it was, and how your underwriter cleared it. That is the record you hand back.

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Application Data Verification is unrelated to SEC Form ADV, the investment-adviser registration filing.

This is the record you hand back

One report per loan: the risk score, every verification that ran, each finding with its severity, and who cleared it.

The defects that become buyback demands

Repurchase demands trace back to a short list of defect categories. Most of them are visible in the file before it funds, if someone checks. Here is what Application Data Verification finds, and when.

Undisclosed liabilities
A MERS search by SSN reports liens including an undisclosed mortgage, and civil court records add judgments and bankruptcies.
Income and employment misrepresentation
The stated employer is verified against business records, with reverse phone lookup and distance from the subject property.
Occupancy misrepresentation
Ownership history, current and undisclosed owners, recent addresses and foreclosure history are checked against the stated occupancy.
Identity and data integrity
SSN, date of birth, name, address, ZIP and phone are each verified and graded, separating a miskey from a fabricated identity.
New debt taken on after application
Reconfirm the workflow before closing. A reconfirm re-runs ADV against changed data, so a lien or judgment recorded after the original order appears while the loan is still yours to fix. Run as many as your milestones require.

Finding a defect before funding costs a condition. Finding it after the loan is sold costs the loan. Lenders converting to PitchPoint see roughly 30% lower verification cost, largely because fewer files come back. See the full defect list →

What it checks on every loan

Your underwriters do not need another score. They need to know which data points in this file are wrong, how wrong, and what to do next.

Most of these checks exist because someone requires them of you. Exclusionary-list screening is a GSE and investor obligation. Lien discovery is what a post-purchase review will run anyway. Running them before funding means you find the problem while it is still yours to fix.

Identity
SSN, date of birth, name, address, ZIP and phone are each verified and graded independently. A miskey is separated from a genuine discrepancy, an alternate identity record or a close match.
Exclusionary lists
Every participant on the loan is screened against the lists your investors require: OFAC, HUD LDP, FHFA SCP, SAM EPLS, the Freddie Mac Exclusionary List and the ASC appraiser roster. Screen participants in batch →
Undisclosed liens
A MERS search by SSN reports active and inactive liens, including a mortgage the borrower did not disclose. Civil court records add bankruptcies, judgments and liens. These are the debts bureau data misses. Reconfirm the workflow as often as your milestones require, and a lien recorded after the first order shows up before the loan funds.
Occupancy and flips
Ownership history, current and undisclosed owners, recent addresses, foreclosure history, and days since the last transfer measured against a flip window you set.
Employment
The stated employer’s name and address are verified against business records, with reverse phone lookup and the employer’s distance from the subject property checked against your mileage threshold.
Business due diligence
Company watchlist screening, NIPR license status, regulatory actions, and attorney bar-card standing and sanctions.
Property risk
FEMA disaster recency for the subject property and the state house-price-index trend, each against a threshold you set.
Affiliated business
Disclosed versus actual affiliated-business relationships between loan participants.

Data elements can be refreshed before closing at no extra cost.

How the ADV workflow is built

  • Runs inside your loan origination system: ICE Encompass, MeridianLink Mortgage (LendingQB), Calyx Point, Calyx Path and ByteLink. Also ordered through Mortgage Credit Link, now XedaLink. Dark Matter Empower is in development
  • Order it one-click in ICE Encompass, or set up automated service ordering through Encompass Partner Connect
  • Findings are graded, not scored. Every check returns Pass, Fail, Discrepancy, Miskey, Alternate or Close Match, each with a severity of High, Medium, Low or Clear
  • Only findings marked Review Required reach an underwriter. The rest clear themselves
  • You author the rules: which results a check returns, the severity it carries, and the remediation steps your underwriter reads
  • Your credit policy is encoded once as a template, then applied to every loan. It can differ by investor or channel
  • Direct integration with LOS loan conditions arrives September 2026
  • Refresh data elements before closing at no extra cost
  • Runs on PointServices, PitchPoint's SOC 2 Type 2-certified verification platform
  • Sold through reseller platforms as ADV-120

Application Data Verification: common questions

Which loan origination systems does ADV run in?

PitchPoint’s Application Data Verification (ADV) workflow is natively integrated with ICE Encompass via Encompass Partner Connect, MeridianLink Mortgage (LendingQB), Calyx Point, Calyx Path, and ByteLink (Byte Software). Lenders also order ADV through Mortgage Credit Link (MCL), the order-fulfillment hub now operating as XedaLink. Support for Dark Matter Empower is in development.

Is ADV the same thing as ADV-120?

Yes. Application Data Verification (ADV) is PitchPoint Solutions’ product. Several credit reporting agencies resell it under the SKU ADV-120, sometimes titled Loan Risk Report (ADV-120). It is the same underlying PitchPoint workflow, running on the PointServices platform.

How does ADV keep false positives under 1%?

Findings are graded rather than binary. A transposed digit returns as a low-severity miskey; a fabricated identity returns as a high-severity discrepancy. Only findings that need a person are flagged for review, so underwriters are not queued behind clerical noise.

Can we configure ADV to our own credit policy?

Yes — that is the point of the rules engine. You author which results each check can return, the severity each carries, whether it routes for review, and the remediation steps your underwriter reads. The result is a template applied to every loan, and it can differ by investor or channel.

Is Application Data Verification related to SEC Form ADV?

No. SEC Form ADV is the Uniform Application for Investment Adviser Registration filed with the SEC. PitchPoint’s Application Data Verification (ADV) is an unrelated mortgage data verification workflow used in loan origination.

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