Neil Lederman, 50, Centreville, Virginia was charged with two counts of forgery in connection with allegations that he forged the signature of a co-worker on Lederman’s own mortgage approval.
According to media reports, statements by an officer in an affidavit in support of the warrant to search Lederman’s townhouse claimed:
In September 2004, Embassy Mortgage in Annandale, Virginia hired Lederman as a senior underwriter. His responsibilities were to implement and maintain fraud control in the underwriting and placement of mortgage-loan applications.
On April 25, an Embassy employee named Duggan received a fax of a sales contract and a copy of a loan approval for Lederman to purchase a home on Meherrin Drive in Virginia Run for $775,000. The loan approval contained Duggan’s signature as the underwriter that approved the loan.
Rachel Dollar, the editor of Mortgage Fraud Blog is an attorney and Certified Mortgage Banker who handles litigation for lending institutions and secondary market investors.