Google
 
LendingRisk.com Mortage Industry Dictionary

Terminology, definitions, terms, explanations, and documents for business professionals in the mortgage lending and mortgage risk management industries.

Click on the first letter of the term you wish to find.
[ Lookup | A | B | C | D | E | F | G | H | I | J | K | L | M | N | O | P | Q | R | S | T | U | V | W | X | Y | Z ]

Mortgage Fraud

1. An action where the borrower misrepresents information on the loan application in order to obtain a mortgage loan. The number and types of actions that constitute mortgage fraud range from false statements of income and employment to intent to occupy the residence secured by the mortgage loan.

2. An action in which a seller intentionally alters or misrepresents a borrower's information with the intent of defrauding an investor.
Suggest A Term

Return to top

Terminology, definitions, terms, explanations, and documents for business professionals in the mortgage lending and mortgage risk management industries.