ROI Fraud Calculator
V
Monthly Application Volume
Number of loan applications processed per month
10K500K1M1.5M2M
500K
applications/month
Type exact volume
$
Average Loan Size
Typical loan amount at risk when fraud goes undetected
$1K$12K$25K$37K$50K
$10,000
average loan
Type exact amount
$
Total Benefit
$95,428,333
Per month
%
ROI
63x
Return on investment
T
Time Saved
$333,333
Cost savings from efficiency
S
Fraud Loss Prevented
$95,000,000
Losses avoided per month
S
Model Parameters
Documents/App3
Cost/Scan$1
Fraud Rate2%
Detection Rate95%
Loan Size$10,000
Time Saved2min
Hourly Rate$20
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Detailed Analysis
Monthly Cost
1.5M scans × $1 per scan
$1,500,000
Net Benefit
$95,428,333 total benefit - $1,500,000 cost
$93,928,333
Documents Processed
3 docs × 500K apps
1,500,000
Fraud Cases Detected
95% of 10,000 fraud attempts
9,500
Fraud Loss Prevented
9,500 cases × $10,000 avg loan
$95,000,000
Time Cost Savings
16,667 hours × $20/hour
$333,333
Credit Check Savings
9,500 avoided checks × $10 each
$95,000