Academy Mortgage Pays $38.5M to Resolve Whistleblower Allegations it Violated the False Claims Act by Falsely Certifying Compliance with FHA-HUD Underwriting Requirements

The fraud was exposed by a former Academy underwriter.  She received a qui tam whistleblower award of $11.5M. Utah-based Academy Mortgage has paid $38.5 million to settle allegations that it violated the False Claims Act by falsely certifying its compliance with underwriting requirements for federally insured mortgages. The fraud was exposed by a former Academy underwriter who filed a False Claims Act whistleblower lawsuit