United States

Eight common mortgage loan origination fraud schemes to watch for today

WHITE PAPER  | 

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Despite closer scrutiny by regulators and new rules and laws put into effect after the mortgage market meltdown, and even with the reduction in mortgage activity, mortgage loan origination fraud continues to proliferate and remains on the FBI’s list of priority white collar crimes. The eight common fraud schemes discussed in this white paper are:

  • Inflated income schemes
  • Silent second mortgage
  • Undisclosed side deals with lenders
  • Appraisal schemes
  • Cash back schemes
  • Undisclosed sources of down payments
  • Forgiven or covered closing cost schemes
  • Falsified closing date schemes

Read RSM’s white paper to learn how these schemes work – and how to combat them.

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