In April 2006, Rachel Steinmetz, a senior loan underwriter at GreenPoint Mortgage Funding, flagged a loan application supported, she said, by a trio of frauds — overstated income, an overstated appraisal and a fake tenant lease agreement.
She suspended and then declined the loan.
Later she discovered that, while she’d been out the office for Passover, someone had taken the opportunity to circumvent her decision and get the loan moving again, Steinmetz said in a lawsuit in federal court in New York.
She protested to a manager, Steinmetz said, but GreenPoint funded the loan.
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