Foundations of Mortgage Fraud: Identifying the Players and Investigating Their Schemes

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Course Level
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4 Credits
Foundations of Mortgage Fraud: Identifying the Players and Investigating Their Schemes


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.

Key Takeaways:

  • 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


Understanding of real estate financing and basic fraud examination techniques

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

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

CPE Information

CPE Credit: 4
NASBA Information: Specialized Knowledge
Advanced Preparation: None
Last Updated: November 2021
Delivery Method: QAS Self-Study


CPE Credit

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.

ACFE Online Self-Study Courses


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  • 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

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System Requirements:

  • Internet access: High-speed connection recommended
  • Speakers required for video sound

The Association of Certified Fraud Examiners, Inc. is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website:


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