Posted by Bear900/CA on 4/25/13 5:18pm
Msg #467182
Identity Theft
Each mortgage fraud scheme contains some type of “material misstatement, misrepresentation, or omission relating to the property or potential mortgage relied on by the underwriter or lender to fund, purchase or insure the loan. Common mortgage fraud schemes include fictitious/stolen identity (loan application) or equity skimming (false income documents and false credit reports to obtain a mortgage loan).
The California Legislature declared the California Driver’s License (CDL) and ID card as the primary identification documents in this state, but there are 240 valid forms of identifications in the USA. The problem is people in mortgage (or notaries) do not know the difference between a fake ID and bona fide ID. 46% of identity theft crimes involved a fraudulent identification.
How to spot a fake ID:
http://www.fakeids.com/How-to-Spot-a-Fake-ID.html
Instructions:
1. Watch the person who has the ID for signs of nervousness. Nervous body language such as darting eyes or fidgeting can signify it is fake. Be wary if the person clearly looks young.
2. Compare the person to the picture. Keep in mind hairstyles and colors change, so you should be looking at facial features. The height and weight information is a big help.
3. Look for signs of tampering. Fuzzy numbers or letters, red eye in the photo or bumpy surfaces are good clues. Key information often tampered with is the picture, birth date, height and weight. Numbers or a state seal may not match up after the laminate is put back in place, and the card may have rough edges--especially around the picture.
4. Check the expiration date. A license with an expired date may signify it is a borrowed license as the original license holder may give one away which is no longer needed. In contrast, check for an ID which is marked as a duplicate. This could indicate the original license holder may have requested a second license for someone to use.
5. Get out a recent book of each state's driver license details and compare to the ID. Rules change often, so make sure the copy is up to date. Compare the birth date against the driver's license number as many forgers forget to change this detail. Many states code the license number with the birth date and other identifying data. For example, in Wisconsin the seventh and eighth numbers match the year of birth and the ninth through eleventh numbers indicate the person's sex.
6. Ask the person for a second, or even third form of ID if you are still unsure. In the case of a borrowed driver's license where the person looks similar to the original owner of the ID, it is unlikely there will be multiple cards with the same name as the ID. Ask for credit cards.
7. Talk to the person, and insert key questions which are not usually thought of when someone changes the dates on a license. Ask for the person's zodiac sign or high school graduation year. When you believe it is a borrowed ID, ask what the middle initial stands for and see if there is a hesitation before the response.
This is an ad but has some good ideas of how to prevent Personal ID theft, much of it having to do with giving out your SS #. Your identity is like cash. Don't give it away!
www.g2identitymanagement.com
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Reply by 101livescan on 4/26/13 8:56am
Msg #467240
It's rampant. There are so many cases of ID theft, fraud and forgery that local law enforcement don't have time to keep up with these. Most will not be prosecuted. It can happen right under your very nose, in your very own home or office.
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