A Florida loan originator is headed to prison after admitting to federal authorities that he helped in the sale of condominiums by fooling mortgage lenders with bogus documents.

Daniel Cardenas worked as a loan officer at a Tampa, Florida, branch of Transcontinental Lending Group. His time at the firm included the period from October 2007 to May 2008.

During that period at the Deerfield Beach, Florida-based mortgage company, Cardenas was helping to finance buyers of the The Preserve at Temple Terrace condominiums.

Source: Mortgage Daily