Fraud risk control is commonly recognized as an effective way to avoid loan buybacks. Avivah Litan, vice president and analyst at Gartner research firm, says lenders who want to remain competitive in fraud management are also aware that they “cannot continue doing business as usual.” Instead of obsolete paper-based alerts and manuals they “expect their risk management system to have an intuitive and interactive workflow” that can instantaneously evolve along with emerging fraud patterns.