Software touted as tool to uncover mortgage fraud 

When mortgage fraud schemes unravel, their lack of sophistication is often surprising. Borrowers' incomes may have been falsified and property values grossly inflated, but nobody seems to notice anything's amiss until the loan payments stop coming.

Banks routinely open their vaults and make bad loans based on false information provided by real estate professionals, including mortgage brokers, appraisers and closing agents.

more...

To view this premium content sign in to your Premium Member account.

Premium Members have full access to all news archives & premium content.

Purchase Professional Membership for $199/year OR
Premium+ Membership for $149/year OR
News Membership for $69/year

Buy Now

Advertise with Inman

All rights reserved. This content may not be used or reproduced in any manner whatsoever, in part or in whole, without written permission of Inman News. Use of this content without permission is a violation of federal copyright law.