Industry Fraud Sentiment Survey

Industry Fraud Sentiment Survey

If you are a private lender, please take 3 minutes to provide your insight.
AAPL is an impartial, nonpartisan association. We will never sell your survey responses, and any data tendered outside AAPL will always be anonymized and aggregated. Identifying information (name, email, company, origination volume) is used only for internal data validation and analysis purposes. We will not use your survey responses to sell products or services to you.
Name*
Email*
Company*
Estimated Annual Company Origination Volume ($USD)*

Less than $100,000$10 million - $50 million$100,001-$500,000$50 million - $100 million$500,001-$1 million$100 million - $500 million$1 million - $5 million$500 million - $1 billion$5 million - $10 millionMore than $1 billion
Estimated Annual Company Origination Volume (Loan Number)*

1 - 5 loans501-1,0006-251,001-5,00026-505,001-10,00051-10010,001-50,000101-50050,000+
1. How often does your organization encounter suspicious activity or indications of potential fraud?*

Very Frequently (daily or weekly)Frequently (more than once a month)Occasionally (a few times a year)Rarely (once a year or less)NeverNot sure
2. Which THREE (3) types of fraud occur MOST FREQUENTLY (on a per-loan basis) within your organization?*

Collateral Misrepresentation (ex: appraisal fraud or forgeries, inflated property values)Loan Purpose (borrower misrepresents purpose of funds, i.e., business vs. consumer)Cyber Crime (ex: ransomware, malware, phishing)Construction Draws (ex: inflated or fake draw schedules, photo misrepresentation)Document Forgery (ex: notary fraud/fake stamps, forged financials or contracts)Borrower Identity Theft (borrower uses another's identity to obtain credit)Lender Identity Theft (use of your company brand to defraud borrowers)Insurance (ex: forged policies, immediate policy cancellation post-close)Loan Stacking (borrower obtains the same loan from multiple lenders)Wire (fake or spoofed wire instructions)Other
3. Which THREE (3) types of fraud cause the MOST OPERATIONAL and/or FINANCIAL HARDSHIP within your organization?*

Collateral Misrepresentation (ex: appraisal fraud or forgeries, inflated property values)Loan Purpose (borrower misrepresents purpose of funds, i.e., business vs. consumer)Cyber Crime (ex: ransomware, malware, phishing)Construction Draws (ex: inflated or fake draw schedules, photo misrepresentation)Document Forgery (ex: notary fraud/fake stamps, forged financials or contracts)Borrower Identity Theft (borrower uses another's identity to obtain credit)Lender Identity Theft (use of your company brand to defraud borrowers)Insurance (ex: forged policies, immediate policy cancellation post-close)Loan Stacking (borrower obtains the same loan from multiple lenders)Wire (fake or spoofed wire instructions)Other
4. What barriers does your organization experience in addressing fraud?*

Lack of clear guidelines or policies about how to respondLimited internal resources or expertise in fraud detectionUncertainty about where or how to report fraud externallyConcern about reputation or confidentialityMy organization experiences no barriers to addressing fraudOther
5. Which TWO (2) fraud resources would be most helpful to your organization?*

Information on fraud trends and emerging tacticsTraining on fraud prevention and detection best practicesFraud reporting guides with contact information for relevant resourcesPeer discussion groups or workshopsOther
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