Together, Reducing Fraud Worldwide

Foundations of Mortgage Fraud: Identifying the Players and Investigating Their Schemes (Online Self-Study)


  Ratings and Reviews

  CPE Credit: 4
Course Level: Intermediate
Prerequisite: Understanding of real estate financing and basic fraud examination techniques


 

 

Description:  

 
Recent turmoil in the U.S. housing market has created numerous opportunities for fraudsters. According to recent testimony from FBI Director Robert S. Mueller III, mortgage fraud has increased more than 60% in the past year with the losses from most cases totaling more than $1 million dollars. Because of this drastic increase, anti-fraud experts are needed to fight against the global mortgage fraud crisis.

 

This ACFE online self-study course presents a brief history of the mortgage industry and then examines the mortgage fraud process step-by-step, identifying areas vulnerable to fraud. It also includes a detailed look at the most common and pervasive fraud schemes affecting the mortgage industry today.


You Will Learn How To:
 

Recognize the way 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

 

Preview Course

 

Field of study: Specialized Knowledge and Applications

Last updated: April 2014

 

ACFE Ordering and Return Policy 

 

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. 

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

ACFE online self-study courses feature:

24/7 access to courses through your Internet browser
Save time and quickly earn CPE credits with instant access, grading and printable certificate
The flexibility to start or stop a course and pick-up right where you left off
No additional shipping fees 
 

Learn more about accessing your online self-study course.

Learn more about online self-study courses and their features.

 

System requirements:

 

Internet access: High-speed connection recommended

Free Adobe Flash Player 

Speakers required for video sound

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.

Solution: Your web browser must be configured to allow pop-ups in order to access ACFE Self-Study courses. Your browser may prompt you to allow pop-ups, or you may have to allow them manually. You may either allow them for all sites, or allow them just for the current site.

For information on how to manage your pop-up blocker settings in a specific browser, click the link below that corresponds to the browser you are using:

  Internet Explorer
  Google Chrome
  Firefox

Also note that many toolbars, such as the Google Toolbar and Yahoo! include pop-up blockers as well. If you have one or more toolbars installed on your browser with built-in pop-up blockers, you must configure them to allow pop-ups.

Problem: When I click on a course from “My Online Learning,” I am presented with a login page, but my ACFE.com username and password won’t allow me to log in.

Solution: You do not have to log in a second time to access your online self-study. You most likely reached the login page because you clicked the link labeled “Click Here” as shown below:

 

  Online SS Image Absorb Error 

 

Do not click that link; instead, allow your browser to automatically open the eLearning window on its own, which should happen after a few seconds. This will log you in automatically so that you can access your online courses.

 

Problem: I receive the following error when I try to load a different lesson with a course:

 

  SS Online API Error 

 

Solution: This occurs in Internet Explorer when trying to load a different lesson without closing the current lesson. This error can be avoided two different ways:

 

Always close the current lesson before going to another one. Always click the Close Window button (usually the red “X” in the upper right corner) of the current lesson before clicking on another lesson.


Use a different browser. This error seems to only occur in Internet Explorer, so using Mozilla Firefox or Google Chrome should resolve the issue (see below for links to download either of these browsers).

 
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.

 
Mozilla Firefox can be downloaded here
Google Chrome can be downloaded here 

 

Make sure you are running the latest version of Flash. Go to Adobe.com to see what version of Flash you are running, and then compare that to the table on that page to see what the latest version is for your operating system/browser combination. If you are not running the newest version, you should upgrade and see if that resolves the problem.



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