The human eye can spot obvious inconsistencies in text style, spacing, alignment, and color. The old way of identifying document manipulation is using the human eye. How do you identify fake loan documents? The old way of detecting document fraud Document manipulation is highly correlated with loan write-offs. Further, our research suggests that a fraudulent application document leads to a loan write off rate of 60% on average. Our data shows that 5% of all financial application documents submitted in an online channel have been manipulated. Today’s online lenders ask applicants to upload bank statements, pay stubs, tax forms, and other financial documents to assess creditworthiness.
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