``Experian breaks down fraudulent activity into first party fraud and third party fraud. First party fraud refers to individuals submitting fraudulent applications either through intermediaries or direct to lenders. Third party fraud or identity fraud refers to the criminal use of another person's identifying information to obtain a mortgage. In both cases, the fraud can be committed in collaboration with a professional who is involved at some stage in the process, or without the knowledge of anyone except the fraudster. ''

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