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5DollarHitJob t1_iscctsg wrote

Reply to comment by Itsmissile in Real Estate Agents Caught on Camera Facilitating Mortgage Fraud for a Fee by Puzzleheaded-Bug7189

I had one add a completely made up job with a salary about 6x my real salary to the loan app. When I was e-signing online it caught my eye. I was lucky to notice it. My wife signed the whole thing without reading anything.

Loan officer kept saying he was "working magic," which apparently means committing fraud. When we confronted him about it he said he was doing us a favor. He's being investigated now.

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Itsmissile t1_iscdnf4 wrote

Yup sounds about right. I worked for a LO last year my 2nd day on the job I see this dude print out a document and sign it as the borrower. I was in shock. After that I started looking around for another LO to work for. But yet the same shit happened. I seen assistants and loan coordinators do the same exact thing. They tried telling me “we’re helping the borrowers get a home” I got the fuck out of there as soon as I could. One of the ones I worked for too was one of the highest producers in my state.

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Rooster_CPA t1_isd40jg wrote

Lol this is like the big short movie in real life, again.

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Itsmissile t1_isditoh wrote

Lol no drugs done at work tho. BUT a lot of drinking was done. I will say that.

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tayroarsmash t1_isegne9 wrote

I don’t remember much drug use in The Big Short? Are you thinking of The Wolf of Wall Street?

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Itsmissile t1_isfdne2 wrote

Shit, yea your right. That’s on me sorry guys.

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Itsmissile t1_iscdzaz wrote

I actually tried to see if I could report them anonymously but the FCC website only allowed to do it if you were the borrower.

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5DollarHitJob t1_iscejau wrote

We told our realtor what happened and she reported him for us. I don't think she minded putting her name down.

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Itsmissile t1_iscjdgg wrote

Well that’s good of the realtor. I’m 100% sure the realtor and my old boss are both doing it together.

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5DollarHitJob t1_iscjvqe wrote

Like fucking?

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Itsmissile t1_iscki8v wrote

The way he’d talk about the realtor I wouldn’t be surprised lol

But nah with committing the fraud.

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17times2 t1_ise044d wrote

> "working magic,"

> doing us a favor

It just screams "everything I'm doing is illegal as fuck".

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