Rocky Butani interviewed Jon Hornik, Managing Partner of Private Lender Law and President of the National Private Lenders Association (NPLA), to discuss the Baltimore DSCR fraud scheme that shook the private lending industry in 2025, affecting dozens of lenders and millions in loans. Jon explains how the scheme worked, who was impacted, and what the NPLA is doing to fight fraud and protect lenders — including a new watchlist database for bad actors and updated valuation best practices for DSCR loans.

Visit Private Lender Law’ profile on PrivateLenderLink.com to learn more and to contact them: 
https://privatelenderlink.com/profile/private-lender-law/?utm_source=lender-link-podcast

Connect with Jon Hornik on LinkedIn: https://www.linkedin.com/in/jonathan-l-hornik-esq-6620509a/

This interview is Episode #22 of the Private Lending Insights Podcast: https://podcast.privatelenderlink.com/