Can I be sued? I was employed near a company as an underwriter where I would


I was employed near a company as an underwriter where I would dance to a brokers office and approve their loans. When I be working with this broker, they driven me and allowed me to submit loans to them as a loan officer. Now two years later one of my loans come back as a buyback for foreclosure and the lender discovered fraud, which be clearly proven that i had nil to do with.But, because I be the originator and underwriter they said I have to pay envelope for the loan cost involved. because they allowed this to happen they own threatened to contact the lender that is asking them to recompense the loan back, to agree to them know they made a mistake and allowed me to originate and underwrite, they conjecture the lender will come after me ( i am no longer employed with them), but i believe this lender will folder a suit against them and shut them down with dre. can i be sued for originate and underwriting when they allowed it and what can develop to me with the company that i no longer work for?
Ick! What a mess. Couple of question: So, the company you worked for and the brokers office be two different places, right? I just want to be sure, because this is pretty tricky. You underwrote a loan that you originate? Yes, that is foremost fraud. Did you have a license as an LO? Or be you considered an employee of the broker and operate under their license? Also, didn't you muse something was ethically wrong next to you underwriting and originate the same loans?
Why do you suppose they wouldn't sign as a loan officer on those "certain" loans?

Answers:    I'm not a legal representative and I can't comment on the specifics of your case, but I do know this: The dismal truth in the U.S. is that anyone can be sued by anyone at any time over anything at adjectives. It doesn't matter that you're surrounded by the right, and it doesn't matter that someone else be responsible. You still can be sued and possibly have to guard yourself in court.
It is discouraging, but you can prolly get sued for looking at someone wrong.
Whether or not they win a shield against you, they could probably still bring one up if they wanted to.

Good luck near this :)




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