Detective: Donald K. MacConnell
AIS service is to locate the Borrower and interview them referencing the loan application and the foreclosure process. Sometimes we may also have to document occupancy, earnings, income, gift letters, deposits and sources of down payment funds at the time of the loan applications. Investigations include front buyers and undisclosed properties.
Once the borrower is located, they will be interviewed in person. At least two personal interview attempts will be made. These attempts will me made in person and unannounced. During the interview process the original loan documentation will be used to review all information supplied by the borrower.
Mortgage fraud is a crime in which the intent is to materially misrepresent or omit information on the mortgage loan application to obtain a larger loan that would have been obtained had the lender or borrower known the truth.
There are many areas of the mortgage loan process that become suspect when fraud enters the picture.