This course presents a brief overview of the mortgage industry and its impact on the economy. It examines individuals involved in the mortgage loan process and identifies specific areas vulnerable to fraud. You will also learn about common fraud schemes affecting the mortgage industry and emerging trends.
Evolution of the mortgage industry
Four most common origins of residential mortgage loans
Characteristics of subprime loans
Factors affecting mortgage fraud
Causes of the subprime market implosion
ACFE Ordering and Return Policy
Table of Contents:
Lesson 1: The History of the Mortgage Industry
Lesson 2: Loan Market Offerings
Lesson 3: The Evolution of Mortgage Lenders and Brokers
Lesson 4: Factors Affecting Mortgage Fraud
Lesson 5: Legislation and Regulation in the Mortgage Industry
Lesson 6: The Mortgage Fraud Problem Today
Lesson 7: The Impact of Mortgage Fraud
Lesson 8: Trends in Mortgage Fraud
Lesson 9: Mortgage Fraud in the Future
Lesson 10: The Perpetrators of Mortgage Fraud
Lesson 11: The Property Seller
Lesson 12: The Real Estate Listing Agent
Lesson 13: The Borrower
Lesson 14: The Real Estate Buyer’s Agent
Lesson 15: The Lender
Lesson 16: Third-Party Originators (TPOs)
Lesson 17: The Loan Originator
Lesson 18: The Loan Processor
Lesson 19: The Underwriter
Lesson 20: The Appraiser
Lesson 21: The Title Insurer and Escrow Agent
Lesson 22: The Notary Public
Lesson 23: Servicing and Secondary-Market Investors
Lesson 24: Mortgage Servicing Companies
Lesson 25: Loan Resolution
Lesson 26: Mortgage Fraud Schemes
Lesson 27: Property Flipping
Lesson 28: Builder Perpetrated Schemes
Lesson 29: Foreclosure Rescue Schemes
Lesson 30: Deceptive Short Sales
Lesson 31: Chunking and Shotgunning
Lesson 32: Identity Fraud and Theft of Property Schemes
Lesson 33: Churning (Loan Flipping)
Lesson 34: Common Misrepresentations in Mortgage Fraud Schemes
You Will Learn How To:
Recognize the ways the mortgage industry has evolved and influenced the market
Assess current and emerging trends in mortgage fraud
Identify the legal aspects of mortgage fraud, at both federal and state levels
Identify the players in the mortgage industry and the frauds they perpetrate
Recognize mortgage fraud schemes and common red flags for each
Field of Study: Specialized Knowledge
Last updated: February 2016 Please note: To be eligible for CPE credit, you must complete the final exam within one year of purchase date. You may only claim CPE credit for a course once.
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Online Self-Study Troubleshooting Guide:
Problem: When I attempt to access my courses from “My Online Learning,” the course never launches, or I receive an error message saying my pop-up blocker needs to be turned off.
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Other Troubleshooting Tips: If you encounter other errors, such as courses freezing or crashing, we recommend taking the following action:
Try a different browser. ACFE online self-study courses are designed to run on all modern web browsers, but if you encounter a problem that is not solved using one of the suggestions above, you can try using a different web browser to see if it eliminates the problem. We have most frequently seen where using Mozilla Firefox or Google Chrome has resolved an issue that was seen in Internet Explorer.
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