Automated mortgage fraud prevention method and system

Details Automated mortgage fraud prevention method and system Automated mortgage fraud prevention method and system

G - Physics

06

Q

G06Q 40/02 (2012.01)

Patent

CA 2366991

An automated mortgage fraud prevention method is disclosed. The method comprises the steps of: maintaining a database in a computer system, the database containing data regarding a number of real properties, providing information on a mortgage application to the computer system, and analysing the provided information and the data in the database to search for any abnormal situation therein, which may constitute a potential mortgage fraud scheme, wherein, when the abnormal situation is flagged, measures can be taken to prevent a mortgage fraud from occurring. The database includes an identification data, a valuation data, and a historical market activity data associated with each real property. An automated mortgage fraud prevention system is also disclosed.

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