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Is loan fraud worth the trouble.

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I have been told that loan fraud is not a difficult crime?

Loan fraud requires very little effort and a big reward for criminals. Often the perpetrator will make a few loan payments to evade criminal prosecution. With financial institutions taking loan applications online it means very little risk to a fraudster. If your institution discovers problems with the application, the criminal just drops out of sight. You have never seen them and don’t even know if they reside in the United States.


Learn more about Barry Thompson and Robert Hyde’s webinar

Loan Fraud: Detection and Prevention

First published on 07/19/2020

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