Here are fake documents, lend me money

[prb]

As a mortgage agent, I received an application from a client. Upon pulling her credit bureau it showed a different last name with no AKA, not a good sign. So I asked for photo ID and all was okay. Then came the income verification once I got the commitment from the bank. She faxed me her employment letter, which I then scanned and e-mailed to the bank. All was good until the day before the deal set to close, they called to verify her employment and apparently she doesn't work for the company. So I phoned her to let her know that the bank is unable to complete the deal as they were unable to verify her employment and ask if she could call the bank and have her manager leave a message for the underwriter (which they would then call back using the phone number on the letter). She said "oh dear, he's on vacation right now, if you phone my friend _ he'll fax you a letter from a different company"

Obviously I refused the deal and now she came back to me asking if I can try a different lender after CMHC refused the deal when she went to her bank directly (so they either blacklisted her as a fraudulent borrower or the property). We all know what happened with that.

[DGoddessChardonnay]

So basically she's composing fake letters from companies claiming she works for them, got called on it and STILL wants her mortgage?

She's denser than my Mom's pound cake if she doesn't understand what fraud is

[prb]

So basically she's composing fake letters from companies claiming she works for them, got called on it and STILL wants her mortgage?

Exactly. And a fake bank statement (I compared it to mine and some placement was off) on which she forgot to put in her deposited paycheques.

[DGoddessChardonnay]

Exactly. And a fake bank statement (I compared it to mine and some placement was off) on which she forgot to put in her deposited paycheques.

Somehow I don't think she's gonna need a mortgage after this is over with. While I'm no psychic, I do predict more "cozy" accommodations in the near future with a roommate by the name of Big Bertha.

[taxguykarl]

Somehow I don't think she's gonna need a mortgage after this is over with. While I'm no psychic, I do predict more "cozy" accommodations in the near future with a roommate by the name of Big Bertha.

OMG. I sure hope so. When we bought our house, we essentially transmitted almost 2 years worth of financial docs including: tax returns, bank statements, pay slips, retirement account statements. And even then the underwriter had questions.

[Fufu487]

Ummm ya, I cant help but think this will definately come back and kick her in the butt in the not-so-distant future. Did she not realize when applying for said mortgage that she would obviously need docs to back her up?? Ive faxed thru mort docs and its never a light package.

btw, prb, if CMHC refuses the deal, doesnt that mean that any unconventional mortgage that requires CMHC would be denied?? Therefore, no bank could help her?? I surely hope so dont show up at my branch lady...

[prb]

btw, prb, if CMHC refuses the deal, doesnt that mean that any unconventional mortgage that requires CMHC would be denied?? Therefore, no bank could help her?? I surely hope so dont show up at my branch lady...

I think she was hoping they'd go through Genworth (GE) or AIG United Guaranty, but I didn't bother phoning her back and she never called back.

And mortgage docs is usually: 4 page application, 2 page Disclosure to Borrower, 1 paystub, 1 letter confirming employment, 3 months bank/investment account statements, agreement of purchase and sale, MLS listing.