Tag: wire fraud

3 articles tagged “wire fraud”

Dual Contracts, Hidden Seller Credits and Cash Back at Closing: Mortgage Fraud in the Transaction Itself

Some mortgage fraud is not about the borrower at all. It is about the deal: a purchase price that changed after signing, a seller rebate paid outside closing, cash back disguised as a repair credit, a second lien nobody disclosed, a seller who does not own the property. How each scheme shows up across the contract, the appraisal, the Closing Disclosure and the bank statements, the interested party contribution limits it is designed to evade, and the tie-out an AI agent runs on every file.

Oct 18, 20266 min read

Mortgage Fraud After Closing: Loss Mitigation Fraud, Equity Skimming, Short-Sale Flopping and Payoff Diversion

Fraud does not stop when the loan funds. Servicers see fabricated hardship packages, foreclosure rescue schemes that strip a distressed homeowner's equity, short sales to related buyers who resell days later, landlord insurance on loans closed as owner-occupied, and payoff funds redirected by a forged request. How each scheme shows up in the documents a servicer already receives, the rules around them, from Regulation X to the MARS rule, and where an AI agent fits without slowing down a borrower who needs help.

Oct 10, 20266 min read

UCC Article 4A and the AI Wire-Verification Architecture: Commercially Reasonable Security Procedures When the Caller Is Verified But the Instruction Is Not

Wire fraud losses are running at multi-billion-dollar annual totals and the legal allocation of those losses runs through UCC Article 4A's commercially-reasonable-security-procedure standard. AI voice authentication of the caller does not, by itself, satisfy the security procedure for a payment instruction. The architecture we run so the bank's Article 4A position holds in court when the instruction was the fraud.

Jun 26, 202614 min read

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