Colorado Woman Nabbed for Stealing Loan Fees – NMP Skip to main content

Colorado Woman Nabbed for Stealing Loan Fees

Jan 03, 2012

Colorado Attorney General John Suthers has announced that a Statewide Grand Jury has indicted Jill Evans and her company, Paramount Mortgage of Colorado Ltd., of defrauding more than a dozen individuals across the country out of thousands of dollars in fees for mortgages and loans she never delivered. According to the 18-count indictment, filed in Denver District Court, Evans defrauded her victims out of approximately $500,000 by charging upfront fees in exchange for what her victims believed were commercial and residential loans. Evans is suspected of failing to refund the fees, wired to the bank account of Paramount Mortgage of Colorado Ltd. The transactions affected include properties in Crested Butte; Beverly Hills, Calif.; Calabasas, Calif.; Chicago, Ill.; and New Carrollton, Md. “Since becoming attorney general, my office has made investigating and prosecuting mortgage fraud cases one of our top priorities,” Suthers said. “Mortgage fraud harms everyone involved in real estate transactions—lenders, buyers and sellers—by disrupting the market. This indictment underlines my office’s continuing commitment to investigate and prosecute mortgage and lending fraud cases.” Evans could face up to 12 years in prison and a fine up to $750,000 fine if convicted of any of the eight class-three felony counts of theft included in the indictment. She also faces one count of theft as a class-four felony and nine counts of forgery, a class-five felony.
About the author
Published
Jan 03, 2012
Vought To Face Congress Over CFPB Overhaul, Enforcement Pullback

Vought’s testimony also comes as a new poll suggests the CFPB retains broad support across party lines

Illinois Changes Property Tax Foreclosure Process To Return Surplus Equity

Borrowers can save remaining home equity after delinquent property taxes and fees are paid

CFPB Weighs Changes To TRID Timing And Mortgage Rescission Rules

The bureau is seeking feedback on whether federal disclosure requirements raise costs, delay closings or limit access to mortgage credit

CFPB Issues AI Underwriting Guidance On Adverse Action Notices

The agency says proprietary and machine-learning models do not relieve lenders of their fair lending and disclosure responsibilities

VantageScore Says 4.0 Model Could Unlock $1 Trillion In Mortgage Originations

New study says VantageScore 4.0 scores five million more creditworthy borrowers than FICO Score 10T, expanding lending opportunities as the industry prepares for the GSE credit score transition

MISMO Updates Mortgage Insurance Standards To Support FICO 10T, VantageScore 4.0

New implementation guide standardizes mortgage insurance data exchange, helping lenders, insurers and technology providers prepare systems for newer credit scoring models