|
Mortgage Fraud Expert, CURT NOVY,
works closely with legal teams, lenders and investors to
quickly and efficiently assess mortgage fraud in California residential
lending. Mr. Novy has many years of experience in California mortgage
underwriting which is a highly important factor to properly
documenting fraud and assessing due diligence shortfalls of
lenders in California.
The Mortgage Meltdown of 2007
has resulted in many lenders (public and private) closing
their doors, but they will still be held accountable for lax
underwriting standards and lack of proper due diligence and
quality control procedures that contributed to the current
financial disaster.
 Mortgage Fraud Expert CA
specializes in analyzing and documenting fraud in the
California mortgage
industry which, according to the FBI, has increased to
unprecedented levels in recent years. The mortgage industry is
currently undergoing a mortgage meltdown which will result in
a flood of litigation and regulatory scrutiny.
Financial
institutions, bond investors, and federal/state regulators who
need highly qualified California experts to perform forensic analysis and
testimony to assess mortgage fraud will find
Mortgage Fraud Expert CA
is a key source of reliable information and testimony.
 Fraud is defined as a "knowing misrepresentation of the truth
or concealment of a material fact to induce another to act to
his or her detriment." Black's Law Dictionary 685 (8th ed.
2005). While fraud is usually a tort, and therefore a civil
cause of action, when the conduct is willful, there may be
criminal prosecution. Id. Mortgage fraud, therefore, while it
has no official definition in Black's, can be defined as
committing some sort fraudulent activity in conjunction with
the mortgage process. Sometimes, when a person is investigated
for an attempt to defraud, which is defined as "caus[ing]
injury or loss to (a person) by deceit," id. at 456, there may
be no actual loss or injury to another person during the
investigation. This is one of the hardest things for a person
who is being investigated to comprehend. Therefore, it is
essential that people involved in any way in the real estate
industry understand how the FBI investigates and classifies
mortgage fraud and what has and has not been deemed to be
fraud. |
