Home loan lender convicted in mortgage fraud scheme

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A University Place man who once described himself as “a wolf” for his hardball lending tactics has been convicted in U.S. District Court of lying on federal loan applications and conspiracy to submit fraudulent applications.

The U.S. Attorney’s Office announced the guilty pleas of Emiel Kandi on Monday. Federal prosecutors said he submitted false information on at least 19 home mortgage loan applications in 2008 and 2009 for properties in Vancouver, Gig Harbor, Puyallup, Roy and Kent.

Prosecutors will recommend a sentence of six years, six months in prison when Kandi is sentenced in September, the U.S. Attorney’s Office reported.