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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A former mortgage broker has been arrested on a fraud charge in connection with a mortgage loan modification and investment scheme. So reports Business Observer.
Thomas Errico of Florida told clients he could get their mortgage loans modified or canceled because he could “find fraud” in the loans, state authorities alleged.
The scam, which also involved a co-conspirator, totaled more than $1 million nationally, according to the authorities.
