DaylightAML CEO Bob Simpson on mortgage occupancy fraud
HousingWire Daily
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Understanding Mortgage Occupancy Fraud
This chapter explores the nuances of mortgage occupancy fraud and the differing perceptions between industry professionals and the public. It recounts a specific case of misrepresentation by a borrower and examines the implications of borrower intent and life changes on fraud classification. The discussion also highlights the role of special investigations units and the impact of platforms like Airbnb on the prevalence of occupancy fraud.
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Transcript
