Method and system for detecting loan fraud

Data processing: financial – business practice – management – or co – Automated electrical financial or business practice or... – Finance

Reexamination Certificate

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C235S376000, C726S005000

Reexamination Certificate

active

07739189

ABSTRACT:
A system and method of detecting potential fraud in connection with mortgage loan lending, where a first group made up of a plurality of mortgage loans is utilized to calculate a representative value associated with a loan-related event. A second group also made up of a plurality of mortgage loans is utilized to calculate a predicted representative value associated with the same loan-related event. The actual and predicted representative values are compared to determine a deviation value. If the deviation exceeds a predetermined threshold, an output indicating potential fraud is generated.

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