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U.S. Attorney's Office wants to seize cash from unlicensed mortgage broker

by Associated Press

KING5.com

Posted on August 15, 2010 at 1:19 PM

Updated Sunday, Aug 15 at 2:04 PM

 

TACOMA, Wash. - The U.S. Attorney's office is seeking to seize a bag filled with $102,000 kept by a former Pierce County unlicensed mortgage broker.

Although no criminal charges have been filed, the Tacoma News Tribune reports that federal prosecutors filed a motion on July 30 saying the money was the product of a scheme by Shawn Portmann that involved "falsifying borrowers' income and forging or doctoring supporting documents."

Portmann once touted himself as one of the top loan officers in the region, but last September the unlicensed Portmann was ordered by the state Department of Financial Institutions to cease from engaging in the mortgage broker business.

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Comments: Displaying 1 - 3 of 3

accomplicewasjh said on January 7, 2011 at 12:01 AM

user: voterepublican....you said it yourself you should be charged too if any of these loans were approved by you. There were many accomplices even at CityBank years before Pierce etc. JH, LK all the way up. I too reviewed questionable closed loans that had blatant fraudulent signatures. Brought it to their attention and was suddenly dismissed. I'm just now hearing of this action.....often considered dropping a note...maybe now is the time to connect with the US attorney. This is much bigger than it appears and involves many many more.

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cjcampbell said on August 15, 2010 at 10:04 PM

Good plan. Presume the defendant is guilty and seize all his money on mere suspicion so he can't afford a lawyer. Stalin would have been proud.

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voterepublican said on August 15, 2010 at 10:00 PM

The guy is a crook. The other crook is his assistant April. She signed all his 1003s. She should also be charged. I reviewed his files ( I am an underwriter) signatures were different on the 1003 and the disclosures, bank statements for three of his borrowers all had the exact transaction history (three different borrowers three different loans. The only difference between the statements was the borrowers name. They came from April his assistant. He was kicked out of two banks in Puyallup for fraud. One was Horizon (now failed) the bank personal at the Horizon branch in Puyallup were also committing fraud. Hey Portman Hey April I met with the FBI and HUD. I am glad I spoke to the FBI and HUD. I am glad I brought you down. Portman is unlicensed due to beating up his girlfriend. He spent time in Jail. Therefore he cannot get a license.

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