Former loan officer pleads guilty in refinance scam

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To view links in this forum your post count must be 10 or greater. Your post count is 0 momentarily., (OH) reports that Jason McCord, a former Lewis Center mortgage broker, pleaded guilty in Federal Court to processed refinance applications for his company, JR Lending, and for Q3 Mortgage, where he worked as a consultant.
The loans were processed online. Without the applicant’s knowledge, McCord inflated an applicant’s earnings and the amount of the loan, then pocketed the difference, said Internal Revenue Service spokesman Craig Casserly.
IRS special agent Lisa DiSalvo testified that McCord used the false information to earn commissions totaling $658,343. Some of the victims didn’t know they had been defrauded until IRS agents contacted them during the investigation, Casserly said.
Assistant U.S. Attorney Dan Brown and McCord’s attorney, Alan Pfeuffer, disagreed on how much restitution is owed to victims. Federal Judge Gregory Frost said he will hold a hearing before determining how much should be repaid.
The judge allowed McCord to live with his fiancee in Connecticut while he awaits sentencing. Frost said he allowed the “unusual” arrangement because the prosecutor did not object.
According to the indictment the fraud involved the properties listed below:
500 Woodland Dr
6791 Harrisburg Pike
5245 Friendship Dr.
1304 Bellefair Ave.
3355 Melony Ct.
788 Crall Rd.
7380 Cook Farm Dr
2801 12th St., SW
7581 Swindon St.
4259 Shady Meadows Dr.
3420 McLean Rd.
21 83 Lisa Dr
25600 Narrows Rd.
13 18 W. Coronado Blvd.
1663 Alpine Dr.
3765 Greengold Dr
949 N. Prospect St
195 S. Weyant Ave
3314 Dresden St
7193 Barnhouse Ct.
2007 Prospect Circle
12863 Rupple Rd.
216 S. Plum St
474 Dunkle Rd.
326 Louden St.
4861 W. U.S. 22
6783 Johnsville Rd.
610 Rumsey Rd.
671-673 S. Wheatland Ave.
2193 Hamilton Ave.
85 Mayfair Blvd.
212 E. North St
1808 S. Champion Ave.
152 Rugby Lane
1284 Ann St
349 Barnes Ave.
1382 Somersworth Ct.
286 Chatterly Lane
1109 Sleepy Elm Rd.
22 12 Margaret Ave.
280 Evening Way
5429 Montaine Ave.
206 S. Mill St
592 2ndAve.
28 Stilson St.
2439 Bainstone Ct.
92 Nelson St
15612 Fernway
1213 Clement Ave.
670 Chestershire Rd.
6576 Rocky Den Rd.
198 N. 17th St
3010 Jamestown Dr
608 Berkley Ave.
2989 Cortona Rd.
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