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However, even after Kosch noticed clues of mortgage fraud — suspicious income, questionable appraisals or missing documents — loans usually were approved anyway.
Senior managers at Long Beach Mortgage aggressively pushed loans through as one of the nation’s biggest subprime lenders, whose focus was higher-rate loans for risky borrowers.
As far as the company was concerned, Kosch’s quality-assurance team was slowing things down.
“We were basically the black sheep of the company, and we knew it,” said Kosch, who once worked at a WaMu loan center in Bellevue.
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