Who investigates mortgage fraud in Florida?

Who investigates mortgage fraud in Florida?

The OFR also conducts examinations of the books and records of mortgage brokers, mortgage brokerage businesses and mortgage lenders to ensure compliance with the appropriate rules and statutes. The OSP has jurisdiction to investigate and prosecute a long list of crimes affecting two or more judicial circuits.

Where do I report mortgage fraud in Florida?

If a homeowner believes he or she has been taken advantage of by a disreputable company, he or she should call the Florida Attorney General’s fraud hotline at 1-866-9-NO-SCAM or file a complaint online at myfloridalegal.com.

Is mortgage fraud a felony in Florida?

Under Florida law, mortgage fraud is defined and designated as a separate offense under Sec. 817.545(2). It is punishable as a third-degree felony (punishable by up to 5 years in prison), unless the loan value stated in the fraudulent documents exceeds $100,000.

What are the 3 types of mortgage fraud?

There are three broad categories of mortgage fraud.

• Fraud for profit. This type of mortgage fraud targets consumers, and industry insiders such as the following typically initiate it:
• Fraud for property.
• Fraud for criminal enterprise.

How do you prove mortgage fraud?

Proving a mortgage fraud case must include proving the money flow. However, there are other material facts involved in the lending process, such as appraisals, source of funds, borrower qualifications, and title history of the property that are often falsified to accomplish the fraudster’s desired money flow.

How do people get caught doing mortgage fraud?

Persons looking to purchase a home or homeowners seeking to refinance can be inadvertently caught up in mortgage fraud by acting on bad advice from an unscrupulous mortgage lender or real estate professional they trust. There are really two different types of mortgage fraud.

How do I file a complaint against a mortgage broker in Florida?

To submit a complaint, consumers can: Go online at www.consumerfinance.gov/complaint/ Call the toll-free phone number at 1-855-411-CFPB (2372) or TTY/TDD phone number at 1-855-729-CFPB (2372)

Who checks for mortgage fraud?

The FBI and other entities charged with investigating mortgage fraud, particularly in the wake of the housing market collapse, have broadened the definition to include frauds targeting distressed homeowners. There are two distinct areas of mortgage fraud—fraud for profit and fraud for housing.

What is the most commonly reported complaint related to mortgage lending?

These are most common mortgage lender complaints according to the CFPB’s Consumer Complaint Database: Communication issues related to forbearance. Repayment options available at the end forbearance plans. Confusion related to mandatory account notices.

How do I file a complaint against a mortgage company in Florida?

To submit a complaint, consumers can: Go online at www.consumerfinance.gov/complaint/ Call the toll-free phone number at 1-855-411-CFPB (2372) or TTY/TDD phone number at 1-855-729-CFPB (2372) Fax the CFPB at 1-855-237-2392.