Schemes, Mechanisms, and Red Flag Indicators

Schemes, Mechanisms, and Red Flag Indicators

When we talk about mortgage fraud in the larger sense, there is a lexicon or vocabulary that goes along with the discussion.  It is imperative to break that down from the perspective of someone whose main goal is to detect and prevent fraud.  We encourage those in the fight to be cautious about fraud scheme naming conventions.  The name of a particular scheme does not necessarily tell an underwriter what to be wary of, or give any clue as to how an investigator can proceed to document the fraud...