Which works out to 36962 a month. Providing accurate information on your mortgage application and using a licensed mortgage agent or broker can help you avoid being involved in mortgage fraud.Borrowers who misrepresent information and straw buyers who allow properties to be purchased in their name are committing mortgage fraud. A mortgage broker allegedly used fraudulent documents to help arrange numerous loans, then pocketed anywhere from 10 to 50 per cent of the borrowed amounts. Set document fraud detection tools and measures in place. A forged or fake document is one of the most common indicators of mortgage fraud. It is called mortgage fraud when you fake documents to get a mortgage. Mortgage fraud is when people lie or cheat to get a mortgage loan or better loan terms than they should. This means giving false information on purpose.