Plainfield mortgage firm closes amid fraud probe

The state has revoked the license of a Plainfield mortgage company, saying two of its operators helped to falsify a client's loan application.

The Illinois Department of Financial and Professional Regulation fined Investor's Choice Mortgage Corp. $20,000 for the July incident, and also revoked the loan originator registrations of the mortgage company's owner, Kelli Wilson, and another employee, Amber Seng.

The state agency and DuPage County Sheriff's office conducted a search of the business on today.

Wilson and Seng could face criminal fraud charges later this week, said Carol Roegner, sheriff's office spokeswoman.

Seng and Wilson couldn't be reached for comment.

Authorities claim that in July the women suggested to a married Plainfield couple to falsify the information on their mortgage application to ensure their loan would be approved.

When the couple failed to get a loan approved using the husband's credit card information, authorities said Wilson urged the wife to apply for a loan using one of Wilson's rental property addresses in Naperville.

The couple apparently was able to qualify for a loan without needing to provide documentation about their financial situation, according to the complaint filed with the state.

The mortgage was approved by American Brokers Conduit, a lender that since has filed for bankruptcy, officials said.

Roegner wouldn't say whether the couple faces any charges in connection with the failed loan scheme.