Mortgage Fraud Prevention & Detection
Learn how to detect and prevent fraud!
Mortgage fraud costs lenders – and consumers – billions of dollars every year! Protecting yourself and your company could be as simple as one-or-two clicks and 60 seconds of double checking a small detail. But nothing is small when it comes to fraud!
Learn the "tricks of the trade" from a 30-year industry veteran and certified fraud expert who has investigated and worked on some of the largest fraud cases in the country – and how catching little oversights could have prevented millions of dollars in losses.
Designed for lending professionals, including compliance, loan originators, processors, underwriters, closing staff and mortgage executives – this 60-minute training provides an inside look at mortgage fraud schemes and trends.
Program includes specific details on:
• Mortgage fraud trends and current schemes being used
• Purchase & refinance schemes – including short sale flops & identity fraud
• How to properly check identification of borrowers & supporting documents
• Typical "Red Flags" of the 1003 application, and other warning signs
Training looks at signature analysis (actual case study), the legal side of fraud, your individual liability, compliance procedures, CFPB and SAR reporting, and the penalties for fraud.
Presented by best-selling author, mortgage fraud & industry expert Chip Cummings. This course includes actual fraud examples, transcript, PDF manual and bonus materials/resources. Also includes Q&A from industry attendees on the LIVE presentation!
This quick course is a MUST for anyone involved in mortgage lending or the world of real estate!
BONUS DOWNLOAD – Attendees receive a downloadable state-by-state identification and online resource guide!