An attorney, mortgage broker, loan processor and loan originator have been indicted in a fraud scheme involving at least 35 mortgage loans worth more than $16.2 million. The three-year scheme involved using various lenders that financed property purchases in Chicago and the nearby suburb Country Club Hills. Buyers were fraudulently qualified for loans, while defendants allegedly profited from fees they were paid and undisclosed payments they obtained. The charges are part of a continuing effort by the Financial Fraud Enforcement Task Force to investigate mortgage fraud.”]
Source: https://www.cuinfosecurity.com/4-indicted-in-16mm-mortgage-scheme-a-4831