Assess whether a provider should be suspended pending SIU (ffcf86)

Situation

After three applications sharing one employer EIN and no payroll, synthetic identity application cluster is what synthetic-identity detection manager can touch in a mortgage correspondent channel. Fraud Detection will live with Remove access or reverse the item versus Temporary compensating control on this Payments Fraud file.

Decision

Synthetic-identity detection manager in a mortgage correspondent channel must choose Remove access or reverse the item / Temporary compensating control / Approve a documented exception / Hold using synthetic identity application cluster after three applications sharing one employer EIN and no payroll.

Hypotheses to test

• A mortgage correspondent channel can accept Remove access or reverse the item on a provider should be only from synthetic identity application cluster after three applications sharing one employer EIN and no payroll, not from a neighboring Payments Fraud file.
• Temporary compensating control is the reading if synthetic identity application cluster after three applications sharing one employer EIN and no payroll fails the Fraud Detection test synthetic-identity detection manager would cite.
• Approve a documented exception stays open while synthetic identity application cluster still contains both Remove access or reverse the item and Temporary compensating control signals.
• Until synthetic identity application cluster after three applications sharing one employer EIN and no payroll answers a provider should be, synthetic-identity detection manager should leave the Payments Fraud close unnamed.

Analysis required

• Trace funds, counterparties, and reversals in synthetic identity application cluster through the window opened by three applications sharing one employer EIN and no payroll.
• Quantify loss if the hold is released before synthetic identity application cluster is complete.
• Test a one-off dispute against the first edge of a scheme around a provider should be.
• For this Fraud Detection Payments Fraud file, read synthetic identity application cluster against three applications sharing one employer EIN and no payroll and write the one fact that would move a provider should be for synthetic-identity detection manager.

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