Patent ID: 7797166
Filing Date: 2010-09-14
Classification: G06Q

Abstract:
1. A method performed by a computer for applying data to generate a prediction of whether a stated income is faulty or reliable, the method comprising steps of: the computer accessing income data reflecting stated incomes of the previous borrowers, wherein the previous borrowers include a first group of previous borrowers having reliable stated incomes and a second group of previous borrowers having faulty stated incomes; the computer processing the income data to identify the previous borrowers in the first group and the previous borrowers in the second group; the computer accessing borrower data reflecting characteristics of the previous borrowers; the computer determining predictive values of the characteristics of the previous borrowers using both the characteristics of the previous borrowers in the first group and the characteristics of the previous borrowers in the second group, wherein the predictive values represent correlations between the characteristics of the previous borrowers and accuracy of the stated incomes of the previous borrowers; the computer storing, in a memory device, data reflecting the predictive values; and the computer applying the data reflecting the predictive values to corresponding characteristics of a current borrower to generate a prediction of whether a stated income of the current borrower is faulty or reliable.