Unlicensend Loan Officer Sentenced to 15 Months

Sennett H. Swift, 26, Sacramento, California, was sentenced by United States District Judge Lawrence K. Karlton to 15 months in prison. Swift pleaded guilty on January 15, 2008, to felony counts of bank fraud and money laundering.

As previously reported by Mortgage Fraud Blog, Swift admitted that he defrauded two homeowners and the corresponding lenders by fraudulently refinancing the two homes. The purpose of Swift‘s fraud was to …