To Catch a Fraudster: The fake caller that spoofed a mortgage lender and stole over $60K
The email looked right, the phone number matched, and the voice on the line sounded like the loan officer this homebuyer had trusted for weeks. In the August edition of To Catch a Fraudster, Tom Cronkright sits down with a homebuyer whose family lost tens of thousands in closing funds to a lender impersonation scam, and unpacks what it reveals about the role everyone in the closing plays in stopping fraud.