Review criteria:
Misrepresented
Income
False or forged employment verifications
False or
forged tax returns, pay stubs, W-2s
Misrepresented Assets
False or forged bank statements
Undisclosed
second mortgage
Loan represented as a gift
Undisclosed second
mortgage
Occupancy Fraud
Misrepresented
intent to occupy
Mortgage
Fraud Schemes
Churning
Chunking
Straw Buyers
SISA
Abuse
Foreclosure Rescue
Equity Theft
Property Flipping
Affinity
Fraud
Key Red Flags
Loan
Application
Credit Report
Employment
Income Verification
Appraisals
Mortgage Fraud Indicators
Loan
participant motivations
Information discrepancies
SSN
discrepancies
Documentation discrepancies
Significant cash
proceeds
Undisclosed mortgages