Unlicensed Mortgage Broker Defrauded Wholesale Lenders

HousingWire, Sept. 2, 2021–James Kleimann
A 50-year-old former unlicensed mortgage broker from Long Island, New York, pleaded guilty Wednesday to defrauding clients and wholesale lenders out of $4.7 million in mortgage refinancing proceeds that were supposed to pay off existing client mortgages.
https://www.housingwire.com/articles/unlicensed-mortgage-broker-defrauded-wholesale-lenders/