ABSTRACT OF THE INVENTION The present invention relates to a method and apparatus for detecting fraudulent activity by preventing the rapid funding of multiple loans on the same property, by providing a collective database where real estate property information is examined and the apparatus detects whether at least two mortgage applications are using the same property as collateral. 1/6 FIGURE 1 Prism Match Report Multiple Applications Pending Loan Submission Last Status Property Borrower Current Loan Action Number Date Update Address Name status Required User Data 05-7615 08-15-2006 08-28-2006 39 Greylock John Walker Approved None Ridge. 14534 Matched Data 114119 08-20-2006 08-28-2006 39 Greylock John Walker Approved Watch (lender code 7) Ridge. 14534 Possible Fraud Scenario 1 User Data 05-4111 08-01-2006 08-28-2006 3901 Mineola James Smith Approved Check Status Way. 33579 wrth Lender Matched Data 15.7115 07-25-2006 08-28-2006 3901 Mineola James Smith Awaiting docs (lender code 15) Way. 33579 Possible Fraud Scenario 2 User Data 054515 07-11-2006 08-28-2006 15 Orion. Jim Bean Docs received Do Not Fund 9250B posse Mrad Contact Matched Data 09Z3517 09-02-2006 08-28-2006 Is Orion. Jim Bean Funded lender 9 (lender code 9) 92508