Patent ID: 7546271
Filing Date: 2009-06-09
Classification: G06Q

Abstract:
1. A fraud detection system to detect fraud in a financial loan application process, the system comprising: one or more interfaces configured to receive loan application information data from a plurality of unique data sources that comprise a plurality of different lenders, the loan application information data comprising a first plurality of loan application data records originating from a first lender and a second plurality of loan application data records originating from a second lender, wherein the first plurality of loan application data records comprises at least a first loan application data record originating from the first lender; a database configured to receive the loan application information data from the plurality of unique data sources and to store the loan application information data with an identifier configured to distinguish loan application information data records received from the plurality of unique data sources; a computer processor configured to populate an internal pipeline for the first lender comprising the first plurality of loan application data records originating from the first lender by using the unique identifier associated with the first lender; the computer processor further configured to populate an external pipeline for the first lender comprising at least the second plurality of loan application data records originating from the second lender; the computer processor further configured to compare the first loan application data record to other loan application data records in the first lender's internal pipeline, and further configured to compare the first loan application data record to loan application data records in the first lender's external pipeline; and the computer processor further configured to identify potential fraud in a loan application corresponding to the first loan application data record based on the comparisons between the first loan application data record and the first lender's internal and external pipelines.