METHOD AND APPARATUS FOR DETECTING FRAUDULENT LOANS
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United States of America Patent
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Issued Date -
Apr 10, 2014
app pub date -
Dec 6, 2013
filing date -
Dec 14, 2006
priority date (Note) -
Abandoned
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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 using the same property as collateral.
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