Foundations of Mortgage Fraud: Identifying the Players and Investigating Their Schemes
Intermediate
Online
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Foundations of Mortgage Fraud: Identifying the Players and Investigating Their Schemes (Online Self-Study)
Description
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
Prerequisites
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 |
Policies
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
Features:
- 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
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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: www.nasbaregistry.org/.
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