Miami Mortgage Fraud Prosecutions Of Title Insurance Agents Expected To Increase

In Miami-Dade County, Florida, the South Florida Daily Business Review reports:

• Title insurance agents, the last people most home buyers and sellers see before a deal closes, are increasingly among the first being prosecuted for mortgage fraud. That is raising questions among prosecutors and investigators about agents’ training, employee supervision and whether agents should play a bigger role in stopping fraud. “I’m seeing an increase in them being involved in the whole [fraudulent] transaction and with knowledge of how bad the situation is,” said Sgt. Richard Davis of the Miami-Dade Police economic crimes division. Davis, a member of the new multi-agency mortgage fraud task force in Miami-Dade County, said arrests of more title agents are imminent.

For more, see More title insurance agents being prosecuted for mortgage fraud (if link expired, try here).