Velocity Check
Velocity check monitors the applications filed within a specified interval and checks for potential fraud applications based on the occurence of certain parameters, such as identification number of applicant, name, and address. When a match occurs, the application is deemed a potential fraud and is moved to the fraud resolution queue.
Each application in the fraud resolution queue is reviewed. If the application is deemed to be fraud, you click the Fraud button. If it is not a fraud application, the system continues the processing of the application as per the workflow.