If you suspect you are a victim of deed or mortgage fraud, you should report the fraud to the Department of Records. Below are resources to assist you.You can also report suspected deed or mortgage fraud to the Department of Records. This guide offers insights and instructions for those considering blowing the whistle on housing and mortgage fraud. Which works out to 36962 a month. Mortgage fraud, also called application fraud, happens when you provide false information on a mortgage application. Using customized or altered bank statements, such as those from proofofstatement. Com, to apply for a loan is both unethical and illegal. Before you sign a mortgage application or any other loan documents, carefully review them to make sure they are complete and accurate. Complaint Information.