Category: Mortgage Fraud Recent Developments
Loan Originator Liza Bautista Finally Arrested
Liza Bautista was a mortgage broker with a strong client base inside her Christian church in Tukwila. After successfully closing several prime loans for folk with A-paper credit, she targeted consumers who were turned down by lenders and created two sets of loan documents. She submitted the credit history and identity of her prime, A [...]
View PostMortgage Fraud Part 3: Recent Developments
Before we use to rely on automated underwriting systems and credit scores we had humans who would carefully underwrite mortgage loan files. During the caveman human underwriter days, loan originators and loan processors knew that underwriters could make or break a file. An underwriter had god-like power to grant or deny the American dream. They [...]
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