An unlicensed mortgage broker faces up to 30 years in prison after pleading guilty to a fraud scheme in which $4.74 million in mortgage refinancing proceeds were allegedly wired to accounts controlled by the perpetrators.

The scheme left victims with two mortgages on their homes, and several were ultimately foreclosed on. Home Point Financial Corp., loanDepot, United Wholesale Mortgage and other wholesale mortgage lenders ultimately lost $2.47 million in the scheme, according to a criminal information filed by prosecutors.

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