Former TD Bank worker pleads guilty to $4.8M money laundering
Industry-wide fraud exposure is trending upward. Cotality’s National Mortgage Application Fraud Risk Index stood at 133 at the close of Q4 2025 — equivalent to one in every 118 loan applications carrying fraud indicators, up from 131 in Q4 2024, per Cotality.
“Document-level vigilance is a critical first line of defense,” Matt Seguin, senior principal of fraud solutions at Cotality in the United States, previously told Mortgage Professional America.
Anti-money laundering obligations under the Bank Secrecy Act extend broadly across the US lending ecosystem, not only to depository institutions.
The case was jointly investigated by the DEA, IRS Criminal Investigation (IRS-CI), and the Federal Deposit Insurance Corporation Office of Inspector General (FDIC-OIG).
Stay updated with the freshest mortgage news. Get exclusive interviews, breaking news, and industry events in your inbox, and always be the first to know by subscribing to our FREE daily newsletter.
