November 20, 2008

Erin Toll’s war on mortgage fraud rolls on

DENVER – The Colorado Division of Real Estate, under the direction of agency head Erin Toll, is racking up some big numbers in its campaign to stamp out mortgage fraud through its investigations of appraisers, lenders and brokers.

The recent crackdown reached a crescendo in late October when Toll’s agency announced the results of a far-reaching investigation involving a metro Denver brokerage called Broker One Real Estate Professionals.

State investigators say that Broker One’s partners served as a referral source linking buyers and sellers in a scheme that led to $8 million in kickbacks to Broker One and the buyers, most affiliated…

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