Patent ID: 7587348
Filing Date: 2009-09-08
Classification: G06Q

Abstract:
1. A computerized method of detecting fraud, the method comprising: receiving mortgage data associated with an applicant and at least one entity related to processing of the mortgage data; applying, on at least one processor, the mortgage data to a first model that is based on data from a plurality of historical mortgage transactions associated with the at least one entity, wherein the first model includes at least one cluster associated with the plurality of historical mortgage transactions of the at least one entity, wherein the at least one cluster is based at least in part on respective data values of at least one data field of each of the plurality of historical mortgage transactions associated with the at least one entity, and wherein applying the mortgage data to a first model on the at least one processor comprises comparing at least a portion of the mortgage data with the at least one cluster; determining, on the least one processor, a first score based at least partly on a result of applying the mortgage data to the first model; generating, on the at least one processor, a report comprising at least one of a score or risk indicator indicative of fraud based at least partly on the first score; and outputting the report.