Industry News

Real estate fraudster to educate mortgage industry

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Jerome Mayne, a former mortgage professional who was involved in mortgage fraud, has partnered with Sysdome to help spread fraud awareness within the mortgage industry. Sysdome is a Web-based, high-speed technology provider specializing in fraud prevention and audit support tools for the mortgage industry. Mayne will be speaking his personal testimony during training at mortgage companies and industry conferences. Mayne, now often described as "the mortgage industry's Frank Abagnale," was convicted and received a 21-month sentence for conspiracy to commit mail and wire fraud while engaged in a wide-scale property-flipping scheme. He provides a walking cautionary tale of how proactive brokers can, and often do, drift toward fraud too easily. Now partnering with Sysdome, Mayne combines his story of mortgage crime and punishment with practical training to provide solutions designed to help lenders recognize the signs of fraud. Curriculum includes: defining fraud, anatomy of property...