Ann Fulmer

Ann Fulmer

VP, Business Relations
After a successful battle with fraudsters in Georgia prompted by “property flipping” that threatened her own family’s home, Ann Fulmer came to national attention when her story was featured in People magazine. Fulmer is a nationally recognized speaker who has illuminated the hidden costs of mortgage fraud to title insurers, mortgage bankers, brokers and servicers, realtors, appraisers, state and federal regulatory and law enforcement agencies, and community groups.

Her determination to protect her family and community led to the development of the Georgia Real Estate Fraud Prevention and Awareness Coalition, Inc. (GREFPAC). Fulmer is a co-founder and immediate past president of GREFPAC, a coalition of representatives from every segment of the real estate and lending industries, state regulators, local, state and federal law enforcement agencies and neighborhood victims. GREPAC’s success identifying fraud rings and its assistance in criminal prosecutions has garnered national recognition and serves as a model for fighting mortgage fraud.

As a lawyer, Fulmer spent several years litigating insurance fraud cases. She has also served as an Assistant District Attorney prosecuting white collar crime, as a private detective specializing in mortgage fraud and as a civil litigator representing lenders in mortgage fraud cases. Fulmer’s expertise is often sought for assistance in researching and analyzing fraudulent transactions, identifying fraudulent schemes and perpetrators, and in the preparation of evidence for prosecutions.
All Ann Fulmer's Stories
Florida investor properties are over three times as risky for employment/income fraud as compared to owner occupied properties.
Regulatory attention on improved mortgage servicing means mortgage lenders must establish and implement best practices when dealing with third party vendors. Due diligence in selecting vendors, proper contract structuring, and continuous oversight are part-and-parcel of a best practices approach. This session will: 1. Review regulatory guidance on managing third party relationship risks—focusing on best practices developed by the OCC, Fed, FDIC, OTS, and the CFPB, and 2....
Data integrity is the key to compliance with the Dodd-Frank Act.
Data integrity is the foundation of successful mortgage lending and servicing. It is essential to restoring the trust of consumers, investors, legislators and the country's economy as a whole. Transparent and accurate data is the source for really knowing your borrower. When loan data is accurate, lenders are able to make fully informed decisions. Documents tell two stories: They not only describe the risk profile of a borrower, but they also reveal the weaknesses in a mortgage lender's...
One of the most surprising questions I get on a regular basis is "Why are you still talking about mortgage fraud? Hasn't it gone away now that property values are declining, lenders are requiring full documentation to support an application, and they are checking with the Internal Revenue Service to verify borrower income?" The short answer is: no.
With the demise of the infamous "liar loan" and no- or low-documentation mortgage programs, many industry professionals apparently believe that fraud has been eliminated.
One of the most far-reaching outcomes of the mortgage meltdown is the recognition that when the data underlying an application is inaccurate, the loan is not likely to be either suitable or sustainable.
Risk management in servicing has never been more challenging. The unprecedented volume of defaults has exposed systemic issues ranging from document processing and handling to being the latest "hot" target for mortgage fraud. This panel of nationally recognized experts will discuss the fraud schemes that target servicers, best practices for internal processes and controls, and critical steps to take to protect yourself from potential legal liabilities.
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