CHL MORTGAGE GROUP, INC.

Case Highlights

• Secured records and premises upon arrest of company CEO
• Organized disparate sources of information to ascertain nature and extent of fraudulent activity which was provided to the U.S. Attorney

Case Narrative

DSI was appointed receiver for CHL Mortgage Group, Inc., and its three operating subsidiaries, which were operating mortgage banking companies.  The FBI raided CHL, seized numerous documents and arrested its CEO for fraud and money laundering on allegations that the company had recorded multiple loans on various properties and fraudulently diverted the funds from other loans.  CHL was effectively shut down, which caused the immediate failure of one subsidiary and significantly damaged the other two.  DSI catalogued the documents of CHL, including accounting and organization data as well as loan files and title policies.  DSI then created a master database of pertinent historical loan information from multiple computer and hard copy file documents to be used in unraveling the fraud.