Sense Mortgage (mortgage fraud)
[ company changed its name to First Solution Lending ]
[ At the same address is LendSmart Mortgage ]
3450 Lexington Ave N
Shoreview, MN 55126
The object of the defendantsí alleged conspiracy was to recruit
straw buyers to purchase homes in the Twin Cities at inflated
prices. The money to pay for those homes was acquired from area
lenders, purportedly based on fraudulent loan applications. When
loan proceeds were made available at transaction closings, portions
of those funds were reportedly distributed to Wazwaz and others
involved in the conspiracy.
I personally saw
that the Owner (Jeffrey Michael Taylor) was involved in the mortgage
fraud with others (last name Wazwaz) in Jeff's own owners office in Shoreview.
at the time they
had 9 branch offices in
the twin cities, and also offices in Wisconsin, North Dakota and
Arizona. Headquarters is in Shoreview, MN
I was a Mortgage
Loan Officer at CommonSense Mortgage
Toll Free: 1-877-631-4919
As a part time
mortgage loan officer I worked for them 08/2003 to 12/2004, with
final commission 05/2005.
They got raided by
the FBI, US Postal Inspection / police, Ramsey County Sheriff
because of mortgage fraud type of activities.
I helped get them
raided. I saw a news report one night about mortgage
fraud schemes. And they went into some detail, and I said to
myself "Common Sense Mortgage is doing that very thing".
The Minneapolis FBI was mentioned in that story, so I called them
from my home that very night.
After hearing that
I worked for CommonSense Mortgage the FBI agent asked me my name and
date of birth and that he call me back in a few minutes.
He called me back,
took more details from me.
Sometime later I
was called and asked if I would want to make a full statement to
their investigator. I said YES, I was happy to.
On the appointment day I went to the downtown Minneapolis Federal
Building and was escorted into the building and into a large
conference room and made my recorded statement.
I remember being
asked if there were anyone specific that I thought was doing
something wrong and also if there were anyone specific that I
thought were totally honest. I said YES to both.
Glenna Statham (mortgage loan officer)
Terry McCullum (Shoreview Branch Manager)
Jeffrey Michael Taylor (owner of CommonSense Mortgage and also
First Solution Lending)
Male and Femle with last name WazWaz. (mortgage loan