Method and apparatus for detecting fraudulent loans
US8612320B2 · kind B2 · utility
3Cited by
2References
11Claims
0Family size
Assignee
Inventors
Key dates
| Filing date | Jan 12, 2007 |
| Grant date | Dec 17, 2013 |
| Priority date | — |
| Expiry date | Jan 25, 2029 |
Classification
- Technology area (CPC G)Physics
- CPC primaryG06Q40/02
- WIPO fieldIT methods for management
- WIPO sectorElectrical engineering
Abstract
The present invention relates to a method and apparatus for detecting fraudulent activity by preventing the rapid funding of multiple loans on the same property, by providing a collective database where real estate property information is examined and the apparatus detects whether at least two mortgage applications are the same property as collateral.
Source: USPTO / EPO open patent data. Objective bibliographic and citation counts.