Mortgage Servicing Fraud
occurs post loan origination when mortgage servicers use false statements and book-keeping entries, fabricated assignments, forged signatures and utter counterfeit intangible Notes to take a homeowner's property and equity.
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http://www.newsdissector.com/blog/2007/08/10/subprime-or-subcrime-time-to-investugate-and-prosecute/#comment-9308

Stephen Bishop Says:

15. It was a common and open practice at Ameriquest for Account Executives
to forge or alter borrower information or loan documents. For example, I saw Account
Executives openly engage in conduct such as altering borrowers’ W-2 Forms or pay stubs,
photocopying borrower signatures and copying them onto other, unsigned documents, and
similar conduct.
16. The culture at Ameriquest encouraged Account Executives to engage in
any conduct necessary to close the loan, to close the loan as quickly as possible, and to maximize
the total loan amount.
17. I was taught and encouraged to close loans without regard to the
customers’ financial ability to make payments on the loan.

Declaration of Mark Bomchill

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