I did not intend to imply that the people submitting fraudulent applications are blameless.
But I expect better and more from professionals working in lending operations to do their due diligence and verify incomes. I believe I read about underwriter who were simply signing out stamping that they verified the loan application, but did not actually check anything, committing fraud also.
But I expect better and more from professionals working in lending operations to do their due diligence and verify incomes. I believe I read about underwriter who were simply signing out stamping that they verified the loan application, but did not actually check anything, committing fraud also.