Brimbank broker jailed four years for mortgage deception

A Brimbank mortgage broker has been sentenced to four years’ jail for falsifying pay slips to secure more than $9 million worth of home loans.

Kieu Thi Huynh, 44, pleaded guilty in the Supreme Court to 27 counts of obtaining financial advantage by deception and one count of attempting to do so.

The court heard that Huynh, owner and operator of St Andrew Mortgage Solutions in St Albans and Sunshine, made $55,741.99 on 27 loan applications and an estimated $10,000 in cash payments between November 2007 and February 2013, by securing home loans for clients through fraudulent means.

Huynh had arrangements with a number of businesses to use their details to construct the fraudulent payslips and for those businesses to confirm employment if contacted by a lender.

Huynh was arrested on February 25 last year and admitted to falsely increasing the income and assets of clients to ensure loans were approved.

“Your method took advantage of the low-documentation regime, particularly the fact that your falsified payslips would not be examined in their original form,” Justice John Dixon said.

“You indulged in a carefully calculated course of conduct over a long period with repeated deliberate acts of dishonesty.”

Huynh’s family home and four investment properties have been seized. She will be eligible for parole in two years.