Introduction to Mortgage Origination Examinations Training eBook

Internal Use Only

Fraud – What to look for: Fictitious Employment: • Do paystubs look similar in numerous files?

• Are W-2s or other tax documents missing from files? • Is the only address listed for an employer a P.O. box? • Does pay seem reasonable for time at the job? • Do pay periods overlap or not align with other documentation?

Internal Use Only

Fraud – What to look for:

Credit Reports: • Any flags on the report that aren’t addressed? • Any liabilities on the report not listed on application? • Were all trade lines on the report opened at the same time?