A Miami title agent and former mortgage broker was found guilty Monday for her role in a reverse mortgage fraud scheme, reports the Department of Justice.

A federal jury found Yesenia Pouparina, 40, guilty of four counts of wire fraud and once count of mail fraud for her role in securing a fraudulent reverse mortgage loan.

The former broker, according to court documents, devised a scheme to obtain a reverse mortgage on her own property by using her mother’s name, an individual the Justice Department claims was ineligible to meet requirements of the Home Equity Conversion Mortgage (HECM) program.

Pouparina submitted a false loan application to a lending institution, along with doctored records to support the fraudulent claim. She then acted as a title agent for the loan and disbursed its proceeds directly into her own personal bank accounts.

Documents also show Pouparina collected fees generated by the loan, and also profited by using the loan’s proceeds in connection with her business as a “hard money lender” in other mortgage deals.

Sentencing is scheduled for May 9, 2013, where Pouparina faces a maximum potential penalty per count of 20 years in prison and a $250,000 fine.

Over the past three fiscal years, the Justice Department reports it has filed more than 10,000 financial fraud cases against 15,000 defendants, including 2,700 mortgage fraud defendants.

Written by Jason Oliva