Vic woman jailed over $9m of dodgy loans

A Victorian mortgage broker who used fake payslips to secure more than $9 million in bank loans has been jailed for four years.

Cue Thi Huynh, 44, fabricated or altered pay slips of clients to gain approval for home loans to the value of $9,411,000 between 2007 and 2011.

In some cases, the borrowers had no legitimate income other than government assistance.

Huynh, of Sunshine, made about $55,000 in commissions from her crimes.

Victorian Supreme Court Justice John Dixon said although most of the loans are still being repaid, Huynh illegally exposed the lenders to a risk of significant loss.

"You indulged in a carefully calculated course of conduct over a long period with repeated deliberate acts of dishonesty," he said.

"Your conduct appears to have corrupted others who have in one way or another become involved in your scheme."

He jailed Huynh for four years after she pleaded guilty to 27 charges of obtaining financial advantage by deception.

During a plea hearing earlier this month, defence barrister Rob Larkins said Huynh committed the crimes to help people buy their own homes.

"She felt good about these people getting a home," Mr Larkins said.

He said it was not uncommon in Huynh's home country of Vietnam for families to help with the purchase of a home and no individual or organisation had been left out of pocket.

Huynh must spend two years in jail before becoming eligible for parole.