SBA-7a Loan Stip Fraud Detection: Post-PPP Lessons

The article discusses the lessons learned from the PPP loan stip-doc fraud detection. After the PPP wave, it was found that real people were uploading altered or fabricated PDFs, not synthetic identities. This has led to a convergence of review playbooks across fintech lenders, identifying four recurring fraud patterns. The most common pattern involves altering PDF statements from banks, leaving behind specific fingerprints. To prevent this, lenders should look for public markers such as HTPBE_ONLINE_EDITOR_ORIGIN, HTPBE_MULTIPLE_REVISION_LAYERS, and HTPBE_DATES_DISAGREE.