A Minneapolis woman lost her mortgage loan originator license after engaging in a scheme to defraud mortgage lenders, according to a consent order by the Minnesota Department of Commerce last month. Last year, Hannah N. Perlich pleaded guilty to one count of federal wire fraud. According to her plea agreement, Perlich submitted loan documents in property transactions in which "at least $350,000 in fraudulent, concealed payments" were diverted to buyers, herself and others. Perlich also received "substantial fees" for the transactions, which took place in 2005 and 2006. In February, Perlich was sentenced to three years probation and 80 hours community service. She, jointly with three others, was ordered to pay $352,000 in restitution.

Read the order and plea agreement here.