A monetary companies employee allegedly doctored paperwork to acquire hundreds of thousands of {dollars} value of mortgage loans.
Based on new court docket filings, Aquana Raffington – a former mortgage officer of PrimeLending, a PlainsCapital Firm – allegedly doctored paperwork to inflate their earnings as a method of receiving $1.7 million in mortgage loans.
The filings present that Raffington originated a number of loans from PrimeLending to a enterprise owned by her and her shut relative, a transfer forbidden by firm coverage. Moreover, lots of the supporting paperwork contained false data that inflated her earnings.
“The asset and earnings statements, in addition to supporting documentation, submitted in reference to these debtors’ mortgage purposes have been fraudulent, misrepresenting the debtors’ employment and incomes within the debtors’ favor.
Raffington knew that the underlying employment and earnings data was false, and didn’t report or in any other case forestall this fraud.”
The paperwork reveal that Raffington is barred from “taking part in any method within the conduct of the affairs of any establishment or company…together with, however not restricted to, any insured depository establishment or any holding firm of an insured depository establishment, or any subsidiary of such holding firm, or any international financial institution or firm.”
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