Patent ID: 7739189

Claim:
A method of detecting potential fraud in connection with mortgage loan lending, comprising: calculating, using computer-implemented actual representative value calculation logic, at least one actual representative value associated with at least one loan parameter for a first plurality of mortgage loans, the at least one actual representative value being calculated from loan data for the first plurality of mortgage loans; comparing, using computer-implemented deviation calculation logic, the at least one actual representative value with at least one predicted representative value associated with the at least one loan parameter for a second plurality of mortgage loans, the at least one predicted representative value being calculated using computer-implemented predicted representative value calculation logic; calculating, using the computer-implemented deviation calculation logic, a deviation resulting from the comparison of the at least one predicted representative value with the at least one actual representative value; and upon determining, using computer-implemented deviation threshold comparison logic, that the deviation exceeds a predetermined threshold, generating an output, using computer-implemented reporting logic, indicating potential fraud among the first plurality of mortgage loans; and wherein the calculating, comparing, calculating, and generating steps are performed repeatedly at different times during the lifecycles of the loans in at least one of the first and second pluralities of mortgage loans.