The majority of real estate professionals know me from Preventmortgagefraud.com, as well as author of “An American Epidemic, Mortgage Fraud a Serious Business” and I wanted to introduce myself as the recently appointed President of BrokerPriceOpinion.com Inc. and wanted to update you on a few the new developments with our company. 

I would like to address any previous concerns that you may have had regarding BrokerPriceOpinion.com Inc relationship with our network of agents.  It is a very high priority of mine and it is important for the company that we maintain a professional relationship with the real estate professionals as they are our most important asset.  

Michael S. Richardson

President

303-991-9919

michaelr@brokerpriceopinion.com

We recently launched a ‘next-generation’ V3 platform to enhance our overall product quality and assist in managing our third party partnerships, including our agent network. 

This new system has additional features on how we score and track our vendor agents for compliance and payment tracking.  We have developed a new process and system to address our vendor’s needs and by implementing these procedures we are in compliance with all of our internal rules, as well as other regulations and guidelines.

We have a panel of more than 65,000 Real Estate Professionals nationwide in which I have been working very hard the last few months to bring our vendor status current and in compliance.  BrokerPriceOpinion.com now has new policies and procedures that require the most current, mailing address & contact information, W-9, Copy of Current Real Estate License, Errors & Omissions Insurance and resumes as applicable, which also has allowed us to track the payments and status.

Our new V3 platform is capable of evaluating data quickly through the use of progressive technology and current local market information.  This platform represents a fundamental shift in philosophy behind information systems of its type; the focus is equally on data quality analysis as much as data capture and delivery. The system offers capabilities and features unmatched in the industry, allowing users to easily configure and enforce a virtually unlimited combination of calculations, business rules, and scoring weights.

Our newly hired and restructured operations management team continually reviews and monitors the capacity plan and vendor status. We have developed a reliable set of metrics that enable us to effectively manage the production levels of our customers, employees, vendors.

Please inquire using this e-mail is a confirmation that your request has been assigned a Vendor Management ticket and will be reviewed in the order they are received.

VendorAccounts@brokerpriceopinion.com

Please note the average time to receive a response is 3-5 business days. If your inquiry is about payment please allow the standard U.S. Post office delivery times in addition to the response time.

In order to expedite your request and to be sure that your vendor status is current and compliance with the BrokerPriceOpinion.com policies and procedures, please visit our site:

https://www.brokerpriceopinion.com/Agent and proceed to the tab “Manage Your Account”

In order to be in compliance with all of the current rules, regulations and guideline we always need to have your most current:

·         Mailing Address & Contact information

·         W-9

·         Copy of your Current Real Estate License

·         Real Estate Agents Errors & Omissions (E&O) Insurance

·         Resume

You can update your information at https://www.brokerpriceopinion.com/Agent and proceed to the tab “Manage Your Account”

If you have any issues or concerns please contact us directly you can call our direct dial number @303-xxx-xxxx 

We appreciate your patience and commitment to providing quality and timely Broker Price Opinions as well as your

commitment to professionalism is also to be commended.

You can be sure that we look forward to continuing to do business with you and thank you for your inquiry.

Sincerely,

Michael S. Richardson & BrokerPriceOpinion.com- Vendor Management

VendorAccounts@brokerpriceopinion.com

The defendant, John Hemphill, 41, was convicted last August of mail fraud and false impersonation of a federal official following a week-long trial. U.S. District Judge William Hibbler imposed the 90-month prison term and ordered Hemphill to pay restitution of $166,910.

A quitclaim deed is a document which states that the individual signing the document, has no interest in the piece of property. When you are signing a quitclaim deed you state that you no longer have a legal interest the property.

Read the whole story @  http://exm.nr/ijZaXC

All perspective owners of homes should talk to their county authorities to ensure that when a quit claim deed is filed, the county is following up to determine that the signature is authentic and that all parties have knowledge on the agreement. Some counties already have such measures in place, but not all.

Those looking to purchase homes should also be aware of quit claim deed scams and should be careful to review any and all documentation before making a final purchase to make sure the seller of the property does truly have the rights to make the sale.

Quit claim deed fraud can be devastating to the owners of homes, do not let someone steal your home out from under you.

Michael S. Richardson

Managing Director-Chief Quality Officer

www.preventmortgagefraud.com

michael@preventmortgagefraud.com

Author of "An American Epidemic, Mortgage Fraud a Serious Business"

Read more @ Mortgage Examiner's Articles

Follow me on Twitter “FocusonFraud”

Current Job Openings

Mortgage Analyst Specializing in Forensic File Reviews

Review Appraiser

Due Diligence Analyst

DE Underwriter

Data Analyst

Due Diligence Manager

FHA Underwriter

Job Summary

Allonhill is seeking a well-rounded due diligence analyst to support its core due diligence business. The Analyst will be performing a variety of due diligence reviews, the scope of which may include: mortgage underwriting, testing of regulatory compliance, fraud identification and reviewing servicing and payment histories.

The analyst will be reviewing mortgage loan files on a regular basis and must be comfortable analyzing the following types of documents

• Servicing comments & loss mitigation documents
• Payment histories for closed loans
• Credit documents
• Income and asset documents (including complex business and personal tax returns)
• Title and appraisal documents
• Compliance documents (Note, GFE, TIL, HUD-1, ROR, rate lock disclosure, etc). 

The analyst should also be comfortable identifying deficiencies in a client’s underwriting department and making consultative recommendations to improve overall underwriting quality.

Requirements

• 3+ years due diligence experience with a variety of disciplines
• Thorough knowledge of conventional, jumbo and government underwriting guidelines
• DE/LAPP certification a huge plus
• Thorough knowledge of current Federal mortgage compliance laws and regulations
• Ability to clearly communicate loan level issues through concise, explanatory narrative
• Strong analytical, written and verbal communication skills
• Excellent time management skills
• Flexibility to respond quickly to changing priorities
• Perform other job-related duties and special projects as required
• 4-year degree in any discipline preferred but not required.

Pre-employment screening

• This position requires successful pre-employment screening, including but not limited to verification of education and employment, satisfactory criminal and credit history, and successful drug screening.

To apply, please send your resume to  jobs@allonhill.com.

Allonhill is a growing company and always looking for well-qualified professionals to join our team.

Currently available positions are posted below. However, if your interest and expertise are in areas other than the positions listed below, please send your resume with a cover letter describing your specific qualifications and career goals to jobs@allonhill.com.

Former Georgia and NFL player Arthur James Marshall Jr. was sentenced to 69 months in prison for bank fraud related to an elaborate mortgage fraud scheme and was also ordered to pay more than $3.6 million restitution to his victims.

It was reported in 2009 there was an execution of a search warrant by the Federal Bureau of Investigation on Marshall's former office building. He was a local high school football star who later played at the University of Georgia and thereafter spent five years in the National Football League. He was then charged in a twenty-two-count indictment with fraud and money laundering in his real estate ventures. 

Read the whole story @ http://tinyurl.com/2boxhqq

Marshall will begin his federal prison sentence on August 30.

We must be vigilant against fraud, recognizing its signs and taking proactive, definite, and realistic steps to not only prevent it but also punish it.

It starts with me.

It starts with you.

It starts with us…

You are all encouraged to report any suspected mortgage fraud activity to authorities. For more information, visit StopFraud.gov.

Michael S. Richardson

Author of "An American Epidemic, Mortgage Fraud a Serious Business"

Follow me on Twitter @ FocusonFraud

The New York City Department of Finance is implementing a new program to allow property
owners, lienors, or their designees (or executors/administrators of the estates of owners) to
register to receive electronic notification when a deed or deed-related document, or a mortgage, or
mortgage-related documents, affecting an ownership interest in real property has been recorded
against a property in the City of New York. This program will alert registered property owners when
documents are recorded without their knowledge and will allow them to take steps to limit the harm
caused by the recording of a fraudulent document.

Read about the Empire Sate Building Transfer @ http://tinyurl.com/359cylv

Real estate fraud, including deed and mortgage fraud, often involves the recording of documents
at the City Register’s Office (or the Office of the Richmond County Clerk), without the knowledge of
the actual property owner. Some fraudulent schemes include recording a deed or mortgage with
forged signatures. Others may involve recording a deed or mortgage that has been materially
altered after the owner signs it but before it is recorded. Criminals who record a phony deed may
then either obtain a mortgage or sell the property.

Real estate fraud can also overlap with identity theft when a criminal pretending to be the owner of
a property uses stolen personal information to obtain a mortgage. In most cases of real estate
fraud, the actual property owners may be unaware of any fraudulent activity until they sell their
home, transfer title to a relative, refinance their mortgage, or become subject to a foreclosure
action.

Under New York State law, the City Register’s Office and the Office of the Richmond County Clerk
are generally required to record all deeds and mortgages that are proper on their face. This means
that if fraudulent documents are completed correctly and properly acknowledged and notarized,
they are recorded and may go undetected until the defrauded party is served with foreclosure
documents or the defrauded party initiates a legitimate transaction against the property.
Page 2, Notice of Recorded Document Program
How Will the Program Work?

Property owners, lienors, or their designees, or executors/administrators of the estates of owners,
who have an interest in real property in the City of New York can register using the borough, block
and lot number or the address of a property to receive an email, text message or letter each time a
deed, mortgage or related document is recorded against the registered property.
Owners of individual cooperative apartments and timeshare units may NOT want to register for
notification because it may result in a large number of unrelated notifications. These property types
do not have a unique borough block and lot number so notification can only be provided on a
building-by-building basis rather than a unit by unit basis.

Notification will be sent for the following document types:
Deed and Deed-related Documents
Air Rights
Condemnation Proceedings
Condo Declaration
Confirmatory Deed
Contract of Sale
Correction Deed
Court Order
Deed
In-Rem Deed
Judgment
Life Estate Deed
Memorandum of Contract
Power of Attorney
Real Estate Investment Trust Deed
Revocation of Power of Attorney
Sundry Agreement
Unit Assignment
Mortgage and Mortgage-related documents
Collateral Mortgage
Correction Mortgage
Mortgage
Mortgage and Consolidation
Mortgage Spreader Agreement
Satisfaction of Mortgage
Subordination of Mortgage
Sundry Mortgage
Initial UCC1 (Financial Statement)

Page 3, Notice of Recorded Document Program
Property owners, lienors or their designees, or executors/administrators of the estates of owners,
will have the option of requesting to receive notification electronically by completing the application
on-line at www.nyc.gov/finance. Registration to receive notification by regular mail may be
accomplished by completing the Notice by Mail of Recorded Document application which is
available on-line at www.nyc.gov/finance, and mailing it to the address noted on the application, or
by calling 311 and requesting that the application be mailed.

Finance’s notification will include a recommendation for registrants to check the Automated City
Register Information System (ACRIS) and view the actual document if there is an issue with the
recorded document, the registrant should contact 311.
Customers who have registered to receive notification of a property located in Staten Island will be
referred to the Office of the Richmond County Clerk to view and, if necessary, obtain a copy of the
recorded document.

Registered parties who contact 311 will receive referral and contact information for the NYC
Department of Investigation, the offices of the district attorneys, the State Banking Department, the
NYS Attorney General’s Office, and legal services for persons of limited income, as well as local
bar associations.

The Department of Finance assumes no liability for failure to provide the requested notice of
recorded documents with respect to property for which you are registering to receive notification.
The City of New York, including the Department of Finance and the Richmond County Clerk,
assumes no liability for fulfilling their legal duty to record documents, even if those documents are
in some instances later determined to be erroneous, fraudulent, or invalid.
Rev

It is often said that home ownership is the American dream. Far too often these dreams are stolen and hopes are dashed through predatory schemes perpetrated by selfish and greedy fraudsters who victimize the innocent simply to enrich themselves. We will continue to investigate such fraudulent activities and aggressively prosecute those who unlawfully manipulate financial institutions, “stated United States Attorney John E. Murphy.

The U.S. Justice Department handed down indictments against more than 1,000 individuals, including 29 people in the Western District of Texas, as part of a nationwide effort to crack down on mortgage fraud across the country.

Justice Department officials filed charges against these individuals under Operation Stolen Dreams, an investigation organized by President Obama’s interagency Financial Fraud Enforcement Task Force. Nationwide, the federal government arrested nearly 500 people in connection with mortgage fraud and handed down indictments against 1,200 individuals.

"These types of crimes create a significant loss of tax revenue, drive buyers into foreclosure, leave lenders burdened with bad loans and neighborhoods with abandoned and deteriorating properties. IRS CI is committed to pursuing individuals who create such havoc," stated William "Bill" Cotter, Acting Special Agent in Charge of the Internal Revenue Service-Criminal Investigation in San Antonio.

The apparent ring leader Robert Brooks, 43, his wife, Cheryl Brooks, 41, Lantana, Texas, along with 20 other individuals, have been charged with conspiring to commit wire and mail fraud in a series of "property flip" schemes:

A Court Summons has been issued for these 22 defendants.

Read all of the names @ http://tinyurl.com/33wyyl5

An indictment is merely a charge and should not be considered as evidence of guilt. The defendants are presumed innocent until proven guilty in a court of law.

We must be vigilant against fraud, recognizing its signs and taking proactive, definite, and realistic steps to not only prevent it but also punish it.

It starts with me.

It starts with you.

It starts with us…

You are all encouraged to report any suspected mortgage fraud activity to authorities. For more information, visit StopFraud.gov.

Michael S. Richardson

Author of "An American Epidemic, Mortgage Fraud a Serious Business"

Follow me on Twitter @ FocusonFraud

Foreclosure fraud, as if times aren't hard enough, is running widespread. A lot of fraudulent companies are in search of desperate homeowners to prey upon and take what little bit of money or equity they have left.

Foreclosure fraud can begin with a knock on the door, a call, a letter in your mailbox or e-mail inbox. All homeowners need to beware, because this is help you did not seek, it found you.

Marisol Perez, of Las Vegas, Nevada, was indicted on charges of four felony counts of theft in connection with the operation of We Save Your Home, LLC, a foreclosure rescue business.

Read the whole story @ http://tinyurl.com/387e6tv

By the time the homeowners discover the fraud, it is TOO LATE.

We all need the fraudsters to FEAR retribution from the ethical honest "Real Estate Industry Professionals and Homeowners".

We can prevent mortgage and real estate fraud one transaction at a time!

Michael S. Richardson

Director/Chief Quality Officer
Author of "An American Epidemic, Mortgage Fraud a Serious Business"

www.preventmortgagefraud.com

Follow me on Twitter @ FocusonFraud

Florida Quality Council- REGISTER NOW!!!! 

• Quarterly meeting of the Florida Quality Council
• Please note our South Florida location for this meeting!!!
• Friday, August 20th, 2010

Registration is available now on-line at http://www.floridaqualitycouncil.org/.

Meeting Topics

• Mortgage Fraud Trends

Ann Fulmer, Interthinx - with the latest on Industry trends
(If you've never heard Ann speak on this, she is the GURU - don't miss it!)

• Loan Quality Initiatives & Upcoming Changes

Production Changes, Pre & Post Closing QC, Appraisal revisions, etc.
Invited speaker from Fannie Mae

• Loan Modification Discussion

Washington Update, Financial Bill, SAFE licensing issues
Hot Button Issues, Challenges & Open Discussion of Current Issues

Meeting Details:
• Check-in & Coffee: 9:00 a.m. - 10:00 a.m.
• Meeting: 10:00 a.m. - 3:00 p.m.
• Registration fee is $50.00.
• Lunch at noon is included in your fee, and parking is free
• Location: Sheraton Suites Cypress Creek, Ft. Lauderdale. (Off I-95 & Cypress Creek)

You can find directions on the FLQC website, Hotel Address is: 555 NW 62nd St, Ft. Lauderdale, FL 33309, phone # 954-772-5400.

Who attends FLQC meetings?
• Lenders
• Appraisers
• Appraisal Management Companies
• Title Companies
• Law Enforcement
• GSE's
• Industry Vendors
• Realtors
• Any industry participants with an interest in quality lending and the prevention of mortgage fraud

SHARE THIS ANNOUNCEMENT with your industry colleagues

http://www.floridaqualitycouncil.org/

Florida Quality Council Vision
The Florida Quality Council will be a voice for quality and awareness of fraud in the mortgage profession: advocating fairness to all lenders, support vendors and homeowners, promoting best practice, and providing exceptional service to its members.

Contact Info:
Jeanne Delormier, President..... (561) 926.2031
Chris McLain, VP..... (352) 333-3033

Florida Quality Council
PO BOX 782
DeLeon Springs, FL 32130
Email: info@FloridaQualityCouncil.org

We hope you'll join us for the August 20th meeting!

A Massachusetts woman has been indicted in connection with allegedly trying to delay or avoid foreclosure of a home mortgage by falsely reporting the death of her child to the mortgage company, and thereafter knowingly falsifying information in an affidavit filed in, Massachusetts Superior Court.

Read the Whole Story @ http://tinyurl.com/34l6z2c

The Attorney General's Office began an investigation after Donna Larson activities were referred by Plymouth Superior Court in Massachusetts. Authorities allege that on numerous occasions Larson repeatedly lied to her mortgage company and in court documents submitted to delay or avoid mortgage payment obligations and eviction from her residence. A Plymouth County Grand Jury returned indictments against Larson and she is scheduled to be arraigned in Plymouth Superior Court on July 12, 2010.

The case is being prosecuted by Assistant Attorney General Roberta Horton, of Attorney General Coakley's Corruption and Fraud Division, and was investigated by financial investigator Davin Lee of the Corruption and Fraud Division and Massachusetts State Police assigned to the Attorney General's Office.

An indictment is a determination by a grand jury that there is probable cause to believe that offenses have been committed by a defendant. A defendant, of course, is presumed innocent until he or she pleads guilty or is proven guilty at trial.

It is important to note that lending institutions, companies don’t commit fraud – people commit fraud.

We all need the fraudsters to FEAR retribution from the ethical honest "Real Estate Industry Professionals and Homeowners".

We can prevent mortgage and real estate fraud one transaction at a time!

Michael S. Richardson

Director/Chief Quality Officer
Author of "An American Epidemic, Mortgage Fraud a Serious Business"

www.preventmortgagefraud.com

Follow me on Twitter @ FocusonFraud