Take an in-depth look at mortgage fraud and its impact across the banking industry.
It's estimated that mortgage fraud such as lying on loan applications and inflated appraisals will cost the industry about $2.5 billion annually for several years. The $10 trillion-dollar mortgage industry is still rife with fraud. Mortgage brokers, real estate agents, buyers, sellers, appraisers and builders can all commit fraud on any property transaction. The solution is to be vigilant through all steps of the mortgage process. We will discuss different types of mortgage scams and how to investigate them. Many of the investigations discussed can be accessed through public records or low-cost databases.
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Why Lorman?
Over 37 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.
Agenda
What Is Mortgage Fraud?
- What Is the Cost of Mortgage Fraud?
- Who Are the Victims?
- What Are the Penalties?
Warnings and Indicators
- High Risk Red Flags
- Mortgage Application
- Sales Contract
- Credit Reports
Common Schemes
- Identity Theft (How It Works)
- Variations
- How to Investigate
- Occupancy Fraud
- Appraisal Fraud
- Predatory Lending
- Kickback Scams
Tools Available to Fight Fraud
- Free Databases
- Proprietary Databases
- Public Records
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More Program Information
Why Lorman?
Over 37 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.
Credits
OnDemand Course
This course was last revised on June 27, 2019.
Call 1-866-352-9540 for further credit information.
This program does NOT qualify, nor meet the National Standard for NASBA accreditation.
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More Program Information
Why Lorman?
Over 37 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.
Faculty
Patrick McPherson
Metro Legal Services
- Managing investigator at A&M Investigative Services, LLC
- We concentrate our efforts on civil and criminal litigation support, Title IX investigations, and all types of background investigations, including asset/liability reports, executive backgrounds, corporate due diligence, and criminal defense
- Three-time instructor for Minnesota Public Defenders New Attorney Training
- Named ‘Everyday Hero’ by Thompson Reuters, an award for excellence in investigations
- Holds Minnesota Private Investigator License
- Can be contacted at [email protected] or 612-245-4894
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More Program Information
Why Lorman?
Over 37 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.
All of your training, right here at Lorman.
Pay once and get a full year of unlimited training in any format, any time!
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- State Specific Credit Tracker
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Questions? Call 877-296-2169 to speak with a real person.
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