There are plenty of benefits for lenders who get involved with mortgage fraud task forces, according to Jenny Nunn Brawley, Mortgage Fraud Investigations Manager for Freddie Mac. Speaking in a session today, she said that lenders are in a unique position to help identify fraud victims (mortgage loan owners and investors) as well as in calculating loss amounts, which is critical for getting prosecutions. She also said that lenders can be very effective when they perform some of the preliminary investigative work. Often, those involved in the fraudulent transaction will open up and talk to lenders whereas they would be unwilling to talk to law enforcement. If you can get to the criminals early enough, their self preservation instinct often leads them to provide evidence against their co-conspirators. More to follow…