Fraud In The Mortgage World, Where Is It? Is The Option Arm A Fraud Product?

The more I chat with folks the more I realize something. Where is the fraud in our business? I talk with LO’s, I get emails from Brokers and AE’s, network with title reps, but no one claims they purposely commit fraud. I wonder why that is?

When you stop chuckling, you can understand the humor in that opening line, right? What I’m saying is that I’ve never heard anyone say they don’t do things right. Oh sure, people cut corners all the time, but purposely commit something that could be viewed as fraud? No way!

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