Created a loan review process identifying potential fraudulent loans

Created a loan review process identifying potential fraudulent loans

We participated in an investigation over one of the largest bank failures in U.S. history with alleged fraud occurring for approximately eight years and direct losses amounting to an estimated $3 billion. While there were several different workstreams and various investigative tasks, we were asked to create and supervise a loan review process where we compared information that was contained in the loan files to information that was available through public records searches and leveraging subscription databases. Our loan review identified millions of dollars of potentially fraudulent loans held by the bank, which the FDIC attempted to push back on loan originators for indemnification.

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