Mortgage Fraud Prevention

Alert: Misrepresentation of Borrower Employment Scheme (May - updated Oct.)

Fannie Mae’s Mortgage Fraud Program has identified several entities listed on loan applications as places of employment that appear to be fictitious.

Alert: Misrepresentation of Borrower Employment Scheme (July)

Fannie Mae's Mortgage Fraud Program has identified 10 apparently fictitious employers being used on loan applications in Northern California.

Common Mortgage Fraud Red Flags

Mortgage fraud red flags are inconsistencies in the information presented in an application or a loan file that would cause someone to take a second look to eliminate mistakes or identify misrepresentations. Here are six areas where mortgage professionals should stay alert for red flags.