Exploring recent trends in digital originations for mortgage lenders, highlighting the role of fintech and AI in reshaping the lending process.
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Former Sterling Bank & Trust executive YiHou Han has pleaded guilty to her role in an alleged mortgage scheme that prosecutors say helped reap $115 million for an owner of the San Francisco Giants baseball team. So reports The Detroit News.
According to the U.S. Department of Justice, Han and two former loan officers admitted to taking part in a years-long scheme to originate fraudulent residential-mortgage loans through their bank’s low-documentation Advantage Loan Program.
Also reportedly implicated in the alleged scheme, though not charged with any wrongdoing, was Sterling Bank & Trust founder Scott Seligman, a minority owner of the Giants.
