Understanding the Basics of Mortgage Fraud

  Understanding the Basics of Mortgage Fraud  CPE Credit: 12
Course Level: Overview
Prerequisite: None


 

 

Description: 

 

During the global financial crisis, corrupt industry insiders, desperate homeowners and organized crime groups turned mortgage fraud into one of the biggest economic threats in recent history. As a result, many honest homeowners are facing declining property values, having difficulty obtaining financing from banks and even losing their homes.

Because mortgage fraud has become a significant factor in the health of our economy, anti-fraud professionals like you are needed to combat this global problem. In this course, learn to take a stand against mortgage fraud by exploring the history of the mortgage industry and its role in the recent financial crisis, examining the life cycle of a mortgage loan to identify potential areas for fraud and learning techniques to recognize red flags of common mortgage fraud schemes and methods for prevention.

You Will Learn How To: 


Explain the evolution of the mortgage industry over the years and its impact on the economy
Recognize existing and emerging mortgage fraud schemes and common red flags for each
Analyze the life cycle of mortgage loans and all parties involved in the mortgage lending process
Recognize the three “C”s of the mortgage lending process and fraud schemes related to each
Identify legislation and other legal remedies used to combat mortgage fraud

 

Course preview:  

 

Table of Contents       
Sample Chapter

 

Field of study: Specialized Knowledge and Application

Last Updated: APril 2014

 

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Online CPE exam grading available for this course: 


Online grading is available for ACFE self-study workbook courses. Complete the course offline at your convenience, but take the exam online the moment you're ready. Featuring instant exam results and a printable certificate, online grading offers a quick and convenient way to earn CPE.
 

Benefits of online exam grading include:
Instant exam results
Printable CPE certificate
Complete the course at your own pace
Take the exam online the moment you're ready 

 

Click here for instructions on accessing your online exam.

 

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.