I receive a letter from B of A stating that his mortgage is under audit and that they would like me to verify the included documents. In this article, we'll dive into how using smart AI tools can help you catch fraud before it becomes a problem.This can be done by: Forged Documents fake pay slips, bank statements, or tax returns might be used to substantiate the false income. To catch fraudulent borrowers, lenders usually require you to sign a form 4506T, which allows them to verify your income with the IRS. What is happen if my mortgage company found out I falsified documents for my loan application. Before you sign a mortgage application or any other loan documents, carefully review them to make sure they are complete and accurate. Falsified documents used as part of the real estate transaction are also considered a type of forgery. Mortgage fraud is a financial crime that entrails the falsifying of loan documents or otherwise trying to illegally profit from the mortgage loan process. Mortgage fraud is a financial crime that involves someone intentionally providing false or misleading information during the mortgage lending process.