Edgar Mauricio Berrazueta, 43, an assistant loan officer at Pacific First Bancorp in Oxnard, California was charged with grand theft, forgery, manufacture of false identification documents and attempting to dissuade witnesses, in connection with allegations that he promised homeowners lower monthly payments through refinancing. Instead, the refinance loans had higher payments. He is also accused of diverting cashouts on several refinances and pressuring victims not to bring charges.
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Loan Officer Arrested
Thursday, January 27 2005 05:15
Accused of Defrauding Refinance Clients
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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.
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