Former Falls Church Mortgage Company Loan Officer Sentenced to 2-Years in Prison

Javier Siveroni, a former loan officer at the Falls Church branch of , was sentenced to 2-years in prison Friday for his role in a mortgage loans conspiracy that exceeded $6.5 million. He will also have 2-years of supervised release following the sentence.

Siveroni, 48, of Springfield, to using his position as a loan officer to help carry out a multi-million-dollar mortgage fraud scheme involving more than 15 homes in Northern Virginia.

According to court records, Siveroni worked as a loan officer at the mortgage company from Jan. 1997 through Oct. 2007 and again from Feb. 2008 through Feb. 2011. According to court documents, Siveroni, prepared and submitted false, fraudulent, and misleading mortgage loan applications for unqualified buyers, individuals who lacked the finances, credit rating, or legal status to obtain a certain loan amount. According to court documents, Siveroni created, and taught his co-conspirators how to create fake documents in order to corroborate false information contained in the loan applications.

According to court documents, the total amount of mortgage loans approved through the conspiracy exceeded $6.5 million. The total loss attributable directly to Siveroni is over $2.5 million, according to court documents.