Lying on a loan application may seem harmless, but even if a lender does not verify every piece of information, it is still considered fraud. I submitted it to Bank A in digital format so as not to make it obvious that I just photoshopped it.Inscribe uses rulesbased fraud detection capabilities and machine learning to generate a full analysis of the legitimacy of an application document. How can I best protect my financial documents? Treat your checks, bank statements and credit cards as if they were cash. Loan application fraud is the submission of false information on a loan application to fraudulently obtain funds or favorable terms. Many online lenders ask borrowers to upload bank statements, pay stubs, tax forms, and other financial documents to assess creditworthiness. Appears to be genuine, but is not. Facing forgery charges in Utah? Get expert legal defense from Ascent Law Firm.