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
$1,600
average loan
Type exact amount
$
Total Benefit
$943,687
Per month
%
ROI
30x
Return on investment
T
Time Saved
$6,667
Cost savings from efficiency
S
Fraud Prevented
$931,200
Losses avoided per month
S
Model Parameters
Documents/App3
Cost/Scan$1
Fraud Rate6%
Detection Rate97%
Loan Size$1,600
Time Saved2min
Hourly Rate$20
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Detailed Analysis
Monthly Cost
30K scans × $1 per scan
$30,000
Net Benefit
$943,687 total benefit - $30,000 cost
$913,687
Documents Processed
3 docs × 10K apps
30,000
Fraud Cases Detected
97% of 600 fraud attempts
582
Fraud Prevented
582 cases × $1,600 avg loan
$931,200
Time Cost Savings
333 hours × $20/hour
$6,667
Credit Check Savings
582 avoided checks × $10 each
$5,820