This course presents a brief history of the mortgage industry and then examines the mortgage 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
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
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