The Loan Safe Advocacy Group is looking for seasoned underwriters with a minimum of 5 years or more experience to assist as a mortgage fraud investigator and in predatory lending investigations.
This unit will be operated by Moe and Poppy will be the lead fraud investigator.
You will assist in forensic loan document, mortgage broker disclosure, appraisal and title report audits. You may also be called as an expert witness to testify in predatory lending and mortgage fraud cases to assist attorneys in class action lawsuits and also law enforcement.
If you are sick of the abuse and fraud that has caused the mortgage industry to have a black cloud, then this may be your opportunity to help change the industry forever and make money doing it.
Would you like a new exciting career as a mortgage fraud investigator? Please submit your resume to Moe @ LoanSafe.org. All resumes will be 100% confidential.
{ 12 comments… read them below or add one }
While I am not looking for a job right now, I believe I am an expert in loan documentation. I have been a title agent for 8 years, with four years title experience before that. I am also a licensed attorney.
Regrettably, there isn’t much I haven’t seen, at least twice.
I have a resume, but I think my basic qualifications speak for themselves.
One reason for this post, though, is more specific. What are your thoughts about mortgage broker liability for refinancing somebody out of an equity-stripping lease-back option to repurchase? The customer has not had much luck in finding an attorney to take her case, and if she refis out, probably loses her claim. At the very least, by paying off the equity-strippers mortgage, she loses her leverage to get her money back.
I would audit the loan for TILA and RESPA viloations and conduct an interview with her to see if you can substantiate fraud, federal and state violations so you have ammo. Was money paid out side of escrow? Any funny money can throw off APR and thus make the loan rescindable.
These are looked at has a refinance transaction. Think about it?
I agree. the bailout folks pretty much universally ignored TILA disclosures, and did not realize that the literal name on a real estate document doesn’t dictate what it is in fact. That is, just because something is called a “warranty/quit claim/whatever deed” doesn’t mean it is. In this case, it is unquestionably an equitable mortgage, consequently a refi of a consumer’s principal dwelling, with no attached TILA disclosures, NORTC, etc. Probably HOEPA violations as well (although, I’m way less familiar with how HOEPA works).
MOE
I’m in Florida, are you looking for underwriters in your area? I run the audit dept at a small correspondent lender..fraud detection pre audit and QC final audits. I’ve been a subprime underwriter for 7 years. “one of the good guys” In the industry over 10 years.
Man, did I use my house as an ATM and they let me. Oh well, at least you tell it like it is and many people seem to take offense to that. I say fugem and tellem to take a flippen leap off the first bridge they see.
I’m going to buy some guns because it’s going to get fuggen crazy fast…
Poppy,
In order to deal money like drugs there should be clients that treat it like drugs. You can’t have one without the other.
As far as anger, tell it to wailers and whiners who are so angry with everyone but themselves for the mess they are in. There are few exceptions like Tom who are rational about how they got there but the rest of the field is just like spoiled brats. When they start to behave like adults taking responsibility for their actions you will see transformation of the debate. Until then, please, stop the lectures.
Someone that I worked with in the past sent me your email link and thought that this would be something that I would be interested in pursuing as an employment opportunity.
I have been in the mortgage industry for over 10 years. I have exposed several fraud attempts. I have even exposed an underwriter attempting to commit fraud. People that I have worked with in the past have always brought suspicious or questionable documentation for my examination to determine if fraud was being committed. I have even dectected when an underwriter was frauding documentation.
If you are interested in working with me, I would like to further explore working with you.
I have been underwriting for the past 15 years, I specialize in quality control,due diligence and audit of loans. If you need any one with my experience please let me know.
I am looking for a position as a mortgage fraud investigator. I have had experience in that field. Retired police officer, FBINAA graduate.
Moe,
Both Myself (Ex -Sr. Staff Review Appraiser at WAMU with 9 years experience in Mortgae, Loan and Portfolio Reviews and Due Diligence)and My wife – (Ex SVP at Bank One – Training Respa, HMDA, Processing, Underwriting, etc with 21 Years in the industry) – Believe that you either “part of the solution or part of the problem” and love what you are doing and absolutely would love to be part of it.
We both happen to be looking for jobs due to the meltdown.
We are in Indiana.
Moe,
I am both a licensed mortgage broker and licensed private investigator in Indiana. I have emailed my CV to you, and would be interested in discussing ways to address mortgage fraud issues.
Brian Kertin