July 19th, 2010

Loan Officers Abscond With Broker Fees

We have an internal publication called “Fraud Insights”. This article appeared in the most recent issue and I thought I’d pass it along.

Loan officers from two different states embezzled funds from their employers by redirecting the payments to themselves at closing. These actions caused mortgage brokerages to implement tighter controls.

One of [...]

July 14th, 2010

Short Sale vs. Foreclosure

Since many homeowners may not understand what a short sale is, they may not be aware of how a short sale on their home may be a better option for them than a foreclosure.

First of all, a short sale may be an option when a homeowner finds himself in financial difficulties and facing the possibility [...]