The owners of a Chicago-area mortgage brokerage are accused of operating an appraisal management company in order to influence appraised values on fraudulent loans.

Schaumburg, Illinois-based American Financial Mortgage Services Inc. was founded in 1993 by Steven L. Garcia and his brother, Michael R. Garcia.

Aside from its main office, the company operates branch locations in Dallas and in the Phoenix suburb of Mesa, Arizona. It also makes loans in California and Florida.

Source: Mortgage Daily