Vanguard Funding’s NY Mortgage Bankers’ License Allegedly Suspended

Vanguard Funding’s NY Mortgage Bankers’ License Allegedly Suspended

Long Island, New York independent mortgage banker, Vanguard Funding announced on July 10 that it is no longer accepting applications for loans for allegedly having their NY Mortgage Bankers license suspended.

The NMLS Consumer Access page says,”WE ARE CURRENTLY NOT ACCEPTING APPLICATIONS”.

New York is Vanguard’s state headquarters so this suspension may affect the lender’s ability to lend in the future.

Corelogic 4506-T income Verification Integrates with Fannie Mae’s Desktop Underwriter

Corelogic 4506-T income Verification Integrates with Fannie Mae’s Desktop Underwriter

CoreLogic announced today that it has fully integrated its 4506-T income verification product with Fannie Mae’s Desktop Underwriter® (DU®) platform to provide income calculation and asset verification while lowering the risk of potential borrower fraud through altered bank statements. (more…)

Former New York Mortgage Broker Pleads Guilty In Mortgage Fraud Conspiracy

Former New York Mortgage Broker Pleads Guilty In Mortgage Fraud Conspiracy

A former New York mortgage broker pleaded guilty this past week for his alleged involvement in a mortgage fraud scheme involving several homes in the Bronx area.

According to the United States Department of Justice (USDOJ), Greggor Gibbons, 51, of Pleasantville, N.Y., pleaded guilty to conspiracy to commit wire fraud affecting a financial institution before Chief U.S. District Judge Frank P. Geraci, Jr. The announcement was made by acting U.S. Attorney James P. Kennedy Jr. (more…)