System and methods for determining and reporting risk associated with financial instruments

A computer-implemented financial instrument risk assessment system for determining and reporting risk associated with a financial instrument to a client, comprising:

• a computer memory;
• and
• a processor coupled to the computer memory and operative to implement:
• financial instrument data processing logic, the financial instrument data processing logic operative to (a) receive financial instrument data comprising digitized image files and financial instrument origination data corresponding to an input financial instrument, (b) normalize the financial instrument data, and (c) store normalized financial instrument data corresponding to the input financial instrument in the computer memory for use by other logic;
• expert underwriting logic, the expert underwriting logic operative to (a) provide a user interface to a financial instrument analyst for inspection of the normalized financial instrument data stored in the computer memory, (b) access third party information sources to obtain supplemental data for use in connection with determining a risk of the financial instrument, (c) automatically determine the existence of a discrepancy between data in the normalized financial instrument data and any supplemental information obtained from a third party information source, (d) automatically assign a predetermined fraud type to any determined discrepancy, and (e) store information corresponding to the financial instrument data, any determined discrepancies, and any assigned predetermined fraud types in the computer memory as underwritten financial instrument data;
• forecast modeling logic for assigning a risk assessment score to the input financial instrument as represented by the normalized financial instrument data and the underwritten financial instrument data, the forecast modeling logic based upon a historical collection of financial instrument data, the historical collection of financial instrument data comprising data corresponding to a plurality of prior financial instruments that (i) are of a type similar to that of the input financial instrument and (ii) have been predetermined to possess at least one of the predetermined fraud types, the forecast modeling logic being operative to store the risk assessment score in the computer memory in association with data corresponding to the input financial instrument;
• and
• export results logic for providing the risk assessment score corresponding to the input financial instrument stored in the computer memory to the client via a client user interface.