Tag: Red Flags

Fannie Mae – Employment Misrepresentation Update – Dated January 24, 2020 – NEW MTP™ Fake Employers & What to Watch Out For!

Written by: Lloyd Rutherford, Staff Writer The list of “Fake Employers” continues to grow.  Read through this article to learn about how this is impacting your business and how to detect a potentially fraudulent employer. Rule Synopsis: Fannie Mae has published a list of potentially fictitious employers being used by applicants to misrepresent their actual […]

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Fannie Mae-DU Potential Red Flag Message Matrix-Dated June 2018-Misrepresentation of Borrower Employment Scheme-Dated May 2018

By: Lloyd Rutherford, Staff Writer One of the worst feelings is to work hard to originate a loan, structure the deal, plan on how you will spend your commission, and then find out in QC review the file is fraudulent in some way.  Fannie Mae helps you pick up “Red Flags” with this update.  This […]

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