New Mortgage Fraud Tool

by Todd Carpenter on February 27, 2007

Two, years ago, when I started this blog, I spent quite a bit of time on mortgage fraud. Soon I decided to dedicate an entire blog to fraud. Eventually I realized that trying to cover fraud is a full time job. I gave up and left it to more dedicated bloggers. However, it’s always been a subject that I want to shine the light on, even if it’s for self-therapeutic reasons.

So, like the other search engines I’ve created in the last few weeks, I built another for Mortgage Fraud. This one is going to differ from the others in that I’m going to open it up to volunteers. Anyone who can prove to me that they are an interested party will be able to tag news stories or helpful resources for inclusion in the search engine. A wiki-meets-search engine of sorts, but fast and easy. Google has a button you place on you browser bar that lets you add web pages on the fly. It takes four mouse clicks and your done.

I’m just getting started on adding links and encourage others to help. Eventually, I think this will evolve into an awesome resource for a consumer to check the past history of loan/realty agents they intend to do business with, or to help them find consumer groups in their community that fight fraud. I hope it will be yet another way for lenders to QC the brokers they are doing business with, and for brokers and realty agents to do the same for each other. For me, it will be a way to expose & ridicule the worst of my industry. A digital perp walk.

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