ROI Fraud Calculator
V
Monthly Application Volume
Number of loan applications processed per month
500125K250K375K500K
10K
applications/month
Type exact volume
$
Average Loan Size
Typical loan amount at risk when fraud goes undetected
$200$12K$25K$37K$50K
$2,500
average loan
Type exact amount
$
Total Benefit
$1,482,547
Per month
%
ROI
48x
Return on investment
T
Time Saved
$6,667
Cost savings from efficiency
S
Fraud Loss Prevented
$1,470,000
Losses avoided per month
S
Model Parameters
Documents/App3
Cost/Scan$1
Fraud Rate6%
Detection Rate98%
Loan Size$2,500
Time Saved2min
Hourly Rate$20
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Detailed Analysis
Monthly Cost
30K scans × $1 per scan
$30,000
Net Benefit
$1,482,547 total benefit - $30,000 cost
$1,452,547
Documents Processed
3 docs × 10K apps
30,000
Fraud Cases Detected
98% of 600 fraud attempts
588
Fraud Loss Prevented
588 cases × $2,500 avg loan
$1,470,000
Time Cost Savings
333 hours × $20/hour
$6,667
Credit Check Savings
588 avoided checks × $10 each
$5,880