GREFPAC (Georgia Real Estate Fraud Prevention & Awareness Coalition) traces its origin to DeKalb and Gwinnett Counties – which were ravaged by mortgage fraud beginning in 1996.

Galvanized by outrage at the impact upon quality of life and safety, two women joined together, to fight for their homes and communities.

Their message:
Mortgage fraud is not just a white-collar crime issue showing up only as losses to huge lenders. The real victims are the damaged neighborhoods whose families must live and raise children in the midst of irresponsible, dangerous career criminals.

Lists of collateral damages began flooding in from the victimized communities:
Deteriorated and damaged homes affecting home values, foreclosures cycling again into fraud, skewed tax assessments, squatters, drug traffickers, and prostitution and car theft rings, code violations, dangerous dogs, violence, and shootings.

While mortgage fraud was not new, the story of community impact was:
Mortgage fraud is a public safety issue.

A leader in the Georgia mortgage banking industry became the third of what became known as the “All Broad Fraud Squad.” She represented “industry that stepped up to the ethics plate”, determined to make a difference. 

The trio took their message to all who would listen:
Local police precincts, county DA’s, state regulatory agencies, the State Attorney General, the U.S. Senate, the FBI, the U.S. Attorney’s Office, and each facet of the real estate industry including real estate agents, appraisers, lenders, insurers, and closing attorneys.

Overcoming cynicism (“You’ll never get all parts of industry to work together.”  “It’s the cost of doing business.”  “There are too many conflicts of interest and so much competition.”), the trio brought together the first official meeting of GREFPAC in March 2001.

Under the strong volunteer leadership of industry professionals, GREFPAC has made great strides in education and awareness in a state that ranks among the top states impacted by mortgage fraud. 

GREFPAC has partnered with county level law enforcement, the FBI, the U.S. Attorney’s Office, and the State Attorney General’s Office in educational forums.

GREFPAC’s Annual Conference is attended by the full spectrum of those addressing and affected by mortgage fraud.