A New Sheriff In Town

Sept. 3, 2010 - PRLog -- Mortgage fraud cases are continuing to exceed unprecedented numbers and climbing. The FBI is outgunned and undermanned to combat the nationwide mortgage fraud challenge.

Just the facts: The latest mortgage fraud statistics.*
Total FBI mortgage fraud task forces/working groups: 77
Estimated annual losses: $4 Billion to $6 Billion
Total mortgage fraud Suspicious Activity Reports (SARs) in fiscal year 2009: 67,190 with more than $1.5 Billion in losses.
Pending FBI mortgage fraud investigations (through 02/28/2010): 2,989, with 68 percent involving losses of more than $1 Million.

The private sector is responding to the mortgage fraud crisis with a new breed of investigator. Armed with a private investigators license, combined with 35 years of proven expertise in the mortgage industry; Investigator Ron Reyner has formed an innovative new company designed to assist the government agencies in combating the mortgage fraud hailstorm. Mortgage Audits, Inc. is currently approved with one government entity to conduct fraud investigations with additional approvals in process. To learn more about Mortgage Audits, Inc. and how you can combat mortgage fraud, visit www.MortgageAuditsInc.com or call Ron Reyner at 888-788-1988.
*Source: Federal Bureau of Investigation mortgage fraud website:
www.fbi.gov/hq/mortgage_fraud.htm

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Mortgage Audits Inc, is an innovative new company designed to combat mortgage fraud nationwide. Mortgage Audits Inc. is currently approved by one government entity with other approvals pending. other clients served include banks, mortgage opportunity funds, mortgage loan servicing companies and attorneys. To learn more about Mortgage Audits, Inc. visit http://www.mortgageauditsinc.com or call Ron Reyner at 888-788-1988