Good Guys/Bad Guys - Who's Who in Mortgage Fraud

Overview

There are a number of practices amounting to loan fraud that can get real estate licensees in trouble. Each year, the Federal Bureau of Investigation (FBI) and Financial Crimes Enforcement Network (FinCEN) reports an increase in Suspicious Activity Reports (SARs) related to mortgage fraud. Estimated annual losses are in the billions of dollars! These shocking results tell us that more efforts are needed to combat this growing trend. By reporting illegal activities, real estate professionals can do our part in reducing mortgage fraud.

This course will provide real estate professionals with an overview of mortgage fraud, as well as a new awareness of what to look for, and how it can be prevented. This course will review what encompasses predatory lending practices and how to identify potential customers, scams and techniques of predatory lending and mortgage fraud as well as evaluate the various avenues and possible choices available to a distressed homeowner.

Learning Objectives

Upon completion of this course, students will be able to: 

  • understand the components of a mortgage
  • describe actions encompassing predatory lending practices
  • identify the potential customers, scams and techniques of predatory lending and mortgage fraud
  • describe various techniques used by predatory lenders.
  • recognize how fraud groups work together to perpetrate mortgage fraud and predatory lending practices

Designed For

Real estate professionals at any level in their career
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