For loan officers working with borrowers seeking Department of Veterans Affairs (VA) loans, recognizing the warning signs of predatory lending is essential. It is not just about protecting individual clients — it is about safeguarding an entire community of men and women who have served their country.
Veterans are often targeted by bad actors in the mortgage industry. Loan officers who understand these tactics are in a powerful position to educate their real estate partners and clients before any damage is done.
The following red flags are among the most common seen in VA lending today.
False affiliation or endorsement
The Department of Veterans Affairs does not endorse or recommend any lender or company, and it does not share veteran info...
