The Mortgage Fraud Meltdown Is Surpassing Epidemic Proportions!

The FBI and other law enforcement are outgunned and undermanned by the unprecedented number of mortgage fraud cases nationwide. Private sector is coming to the rescue.
By: Ron Reyner
 
Sept. 4, 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 mortgage industry pioneer created for the benefit of banks, law firms, mortgage opportunity funds and mortgage loan servicing companies. As the mortgage industry faces unprecedented challenges, M.A.I. is now leveraging their expertise combined with private investigator licensing to offer a comprehensive array of solutions to its selected target market. The company’s key offerings include locating and contacting hard-to-reach borrowers, reversing declined private mortgage insurance claims and conducting mortgage fraud investigations for litigation case preparation. Mortgage Audits, Inc. maintains the flexibility to create custom client specific services to achieve a beneficial solution for the most challenging tasks. Mortgage Audits core management team each contributes over three decades of proven mortgage industry expertise. To learn more about Mortgage Audits, Inc., visit www.mortgageauditsinc.com
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