The Division of Real Estate and the Board of Mortgage Loan Originators has revoked the license of former mortgage loan originator Jill Evans of Paramount Mortgage.

The division ordered Evans, who was doing business in the Greenwood Village area,  to pay an $11,000 fine and $24,000 in restitution to two  former clients who gave her money and never received a refund when the transactions failed to materialize.

Marcia Waters, Colorado Division of Real Estate director, warns consumers that these kinds of scams are prevalent, especially with loan modifications.

“Consumers pay up-front, but the loan modification doesn’t happen,” she said. “It is something that consumer should be wary of . . . If a mortgage loan originator makes a promise to a consumer that the loan originator knows will influence, persuade or induce the consumer to their detriment and the loan originator has no inclination to fulfill that promise, there may be serious consequences to the professional license.”

The investigation against Evans was brought on by four separate complaints that she took payments upfront for mortgage services and failed to complete the transactions. The division found enough evidence to support the claims and the Board of Mortgage Loan Originators voted to suspend Evans’ license in July.

On Aug. 19, Evans admitted to the board findings that she violated mortgage loan originator license law specifically relating to employing a scheme, either directly or indirectly, to defraud or mislead borrowers; she engaged in unfair deceptive practice toward any person; and, she failed to include required information, as outlined in the rule, in advertisements of mortgage loan originator services.

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“If someone asked me to pay before services were provided, I would start calling regulatory agencies,” Waters said.

Consumers can visit to find out if there are any complaints filed against mortgage loan originators and to see if a person has a license.