Skip to content
GeoDataVision
Thread Options
#2253862 - 05/13/21 02:18 PM Mortgage Loan SAR
JackieW Offline
New Poster
Joined: May 2019
Posts: 20
If a SAR is being filed due to forged documents and or other suspicious activities associated with the documentation obtained from the applicant of a mortgage loan, would both borrowers be listed as subjects if the activity only appeared to be associated with one of the borrowers? Would the loan amount be the amount involved in the report?

Return to Top
BSA/AML/CIP/OFAC Forum
#2253865 - 05/13/21 02:28 PM Re: Mortgage Loan SAR JackieW
rlcarey Online
10K Club
rlcarey
Joined: Jul 2001
Posts: 79,649
Galveston, TX
I would include both applicants as they are party to the fraud - knowingly or not. Yes on the loan amount.
_________________________
The opinions expressed here should not be construed to be those of my employer: PPDocs.com

Return to Top

Moderator:  Andy_Z