Introduction to Mortgage Origination Examinations Training

3/7/2025

Internal Use Only

Refinance Transactions

Loan Churning

Net Tangible Benefit/Recoupment Period

Seasoning

111

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?

112

56