Tahmeane Elrod, 47, Tyler, Texas, has pleaded guilty to mortgage related fraud in the Eastern District of Texas. A federal grand jury returned an indictment on May 6, 2009, charging Elrod with conspiracy to commit wire fraud.
According to information presented in court, in September 2007, Elrod devised a scheme to defraud mortgage financing companies by submitting false documents in order to qualify for mortgages for the purchase of a residential property. Elrod falsely inflated levels of earned income and forged signatures on a Request for Verification of Employment form as part of a loan application package. Elrod faces up to 5 years in federal prison at sentencing. A sentencing date has not yet been set.
This case is being investigated by the Federal Bureau of Investigation and prosecuted by Assistant U.S. Attorney Frank Coan.
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.