Characteristic of customer committed fraud: case study of Maybank housing loan application / Ahmad Firdauz Ab Rani

Based on 2011 Mortgage Fraud Trends Report by CoreLogic Fraud Trends and Index, in 2010, Mortgage lenders continued to crack down on mortgage fraud by scrutinizing red flags on risky applications and implementing new process into their underwriting function to detect fraudulent loans prior to fundin...

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Main Author:	Ab Rani, Ahmad Firdauz
Format:	Thesis
Language:	English
Published:	2012
Subjects:	Fraud Swindling Confidence games
Online Access:	https://ir.uitm.edu.my/id/eprint/39511/1/39511.pdf
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id	my-uitm-ir.39511
record_format	uketd_dc
spelling	my-uitm-ir.395112022-07-12T02:45:39Z Characteristic of customer committed fraud: case study of Maybank housing loan application / Ahmad Firdauz Ab Rani 2012-12 Ab Rani, Ahmad Firdauz Fraud. Swindling. Confidence games Based on 2011 Mortgage Fraud Trends Report by CoreLogic Fraud Trends and Index, in 2010, Mortgage lenders continued to crack down on mortgage fraud by scrutinizing red flags on risky applications and implementing new process into their underwriting function to detect fraudulent loans prior to funding. As a result of these efforts, mortgage fraud risk remained relatively flat in 2010 measured by both total volume and percentage of origination. Mortgage fraud, however, is a constantly moving target as fraudsters change their practices to take advantage of loop holes in the lender‘s fraud prevention programs. Most of the financial institutions who act as the mortgage lenders do the analysis of the changes in me mortgage market and fraudsters’ behaviour patterns to understand the criteria of the fraudulent application. Making a Fraud Alert system more effective is an ongoing challenge. The main issues are to understand the fraudsters‘ behaviour and how financial institutions can use those criteria to interact with fraud alert system. The study examines the criteria that committed by customer that committed fraud. The data of fraud cases use for this study was collected from Incident Management Data Collection (IMDC) of the bank. The results of the study suggest the factors identified will contribute towards the enhancement on Sofi Fraud Rules in the bank and stimulate the efficiency and effectiveness of the fraud alert system. 2012-12 Thesis https://ir.uitm.edu.my/id/eprint/39511/ https://ir.uitm.edu.my/id/eprint/39511/1/39511.pdf text en public masters Universiti Teknologi MARA Faculty of Accountancy
institution	Universiti Teknologi MARA
collection	UiTM Institutional Repository
language	English
topic	Fraud Swindling Confidence games
spellingShingle	Fraud Swindling Confidence games Ab Rani, Ahmad Firdauz Characteristic of customer committed fraud: case study of Maybank housing loan application / Ahmad Firdauz Ab Rani
description	Based on 2011 Mortgage Fraud Trends Report by CoreLogic Fraud Trends and Index, in 2010, Mortgage lenders continued to crack down on mortgage fraud by scrutinizing red flags on risky applications and implementing new process into their underwriting function to detect fraudulent loans prior to funding. As a result of these efforts, mortgage fraud risk remained relatively flat in 2010 measured by both total volume and percentage of origination. Mortgage fraud, however, is a constantly moving target as fraudsters change their practices to take advantage of loop holes in the lender‘s fraud prevention programs. Most of the financial institutions who act as the mortgage lenders do the analysis of the changes in me mortgage market and fraudsters’ behaviour patterns to understand the criteria of the fraudulent application. Making a Fraud Alert system more effective is an ongoing challenge. The main issues are to understand the fraudsters‘ behaviour and how financial institutions can use those criteria to interact with fraud alert system. The study examines the criteria that committed by customer that committed fraud. The data of fraud cases use for this study was collected from Incident Management Data Collection (IMDC) of the bank. The results of the study suggest the factors identified will contribute towards the enhancement on Sofi Fraud Rules in the bank and stimulate the efficiency and effectiveness of the fraud alert system.
format	Thesis
qualification_level	Master's degree
author	Ab Rani, Ahmad Firdauz
author_facet	Ab Rani, Ahmad Firdauz
author_sort	Ab Rani, Ahmad Firdauz
title	Characteristic of customer committed fraud: case study of Maybank housing loan application / Ahmad Firdauz Ab Rani
title_short	Characteristic of customer committed fraud: case study of Maybank housing loan application / Ahmad Firdauz Ab Rani
title_full	Characteristic of customer committed fraud: case study of Maybank housing loan application / Ahmad Firdauz Ab Rani
title_fullStr	Characteristic of customer committed fraud: case study of Maybank housing loan application / Ahmad Firdauz Ab Rani
title_full_unstemmed	Characteristic of customer committed fraud: case study of Maybank housing loan application / Ahmad Firdauz Ab Rani
title_sort	characteristic of customer committed fraud: case study of maybank housing loan application / ahmad firdauz ab rani
granting_institution	Universiti Teknologi MARA
granting_department	Faculty of Accountancy
publishDate	2012
url	https://ir.uitm.edu.my/id/eprint/39511/1/39511.pdf
_version_	1783734515758268416

Characteristic of customer committed fraud: case study of Maybank housing loan application / Ahmad Firdauz Ab Rani

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