Do Mortgage Companies Really Want To Know If Someone Is Trying To Rip Them Off?

I hope so. But in a recent article by mortgage fraud expert Ralph Roberts, he tells of a story he was involved in where a whistleblower brought him over 50 files which, in his judgment, proved the existence of an ongoing fraud against one mortgage lender. When he tried to contact the lender by phone with the information, the company did not have any interest in his information and, in essence, told him to "get lost."

He hastens to add that most lenders are very cooperative when he calls. They want to know when they are the targets of ripoff artists. However, he does report that he encounters far too many lenders who simply drop the ball on fraud prevention. He compares it to having a cash register wide open, with nobody watching the store.

For more, see Who’s Watching the Store? (reported at RISMedia.com).
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