Today is Tuesday, January 06th, 2009
MARI has released their quarterly report on mortgage fraud. Scan the PDF here.
What systems did your company have in place to detect mortgage fraud during the bubble run-up of the past several years?
What systems does your company have in place today?
If a loan processor spots potential fraud taking place by an LO at your company, […]
Roger, regarding your 30 Dec comment:
I am not sure what you are disagreeing with me about. I agree completely ...
The latest piece of the "Loan Modification" to consider:
The Forensic Loan Audit. These are performed by various entities to discover ... Comments on Solution Number 1:
Jillayne, I have to disagree with you here. ALL retail mortgage salespeople do ...
Now my question is once L.O.'s are required to go to school and get licensed will that by definition make ... If more people would take these isues into consideration and just do the right thing, then maybe the industry could ... I guess if everything is done in fairness and the good of all parties included fee spliting wouldn't be a ... I don't think this law will help. Relationships have been built. If there isn't anyone to enforce the law who ... Yes, these companies are to blame. I also believe the brokers, And L.O's tht put people in these loans are ... This reminds of the old saying, "... have your cake ad eat it too."
It seems to me if you wat ... So far these new laws sound good to me. That doesn't mean someone won't find a loop hole and the ...