FSA's review of systems and controls lenders put in place to deal with mortgage fraud risks found some good practices, especially in governance and underwriting procedures. But FSA was concerned some firms did not properly identify mortgage fraud, and others allow anti-fraud checks to be bypassed when they fast-track loans. It also found lenders could significantly improve their relationships with brokers. A further area where it wanted to see improvement was in checking the adequacy of customer take-on arrangements and in staff training and awareness. (Source: Mortgage Fraud Against Lenders – A Thematic Review)