Which statement best describes the purpose of the Mortgage and Financial Fraud Unit?

• A. Regulate mortgage lending
• B. Detect, investigate, prosecute, and deter mortgage fraud and other major financial fraud crimes
• C. Enforce advertising rules
• D. Approve loans

Answer: (B)

The key idea is that this unit functions as a law‑enforcement arm focused on fraud in the mortgage and financial sectors, spanning the full process from detection to deterrence. The statement that describes detecting, investigating, prosecuting, and deterring mortgage fraud and other major financial crimes best captures the unit’s purpose. It emphasizes not just finding suspicious activity, but also building cases, pursuing legal action, and taking steps to prevent future fraud through deterrence. This isn’t about regulating how loans are made, enforcing advertising rules, or approving loans—that would be regulatory or lending functions. The unit’s role centers on combating fraud and protecting the integrity of the mortgage and financial markets.