Combating Mortgage Fraud: Legal Duties to Prevent Fraud and Opportunities to Safeguard the System

Join MBA for an essential webinar tailored for mortgage bankers, in-house counsel, and compliance professionals seeking to strengthen their defenses against mortgage fraud.

This session will provide actionable insights and practical tools to identify, prevent, and respond to fraudulent activity. Attendees will learn how to detect common fraud typologies such as income misrepresentation, appraisal manipulation, straw buyer schemes, and identity theft.

We'll dive into key legal and compliance responsibilities, including anti-fraud provisions and reporting requirements under the Bank Secrecy Act (BSA) and other relevant regulations. The webinar will also highlight best practices for implementing internal controls, spotting red flags, and conducting effective due diligence.

Finally, we’ll discuss how to engage effectively with law enforcement and regulatory agencies to ensure timely reporting and resolution. By the end of the session, participants will be equipped to better safeguard their organizations against legal exposure and financial loss.

Date/Time:

• Wednesday, August 6 (3:00 PM - 4:00 PM ET)

Objectives:

• Identify common mortgage fraud typologies, including (1) income/employment fraud, (2) appraisal fraud, (3) straw buyer schemes, (4) identity theft, and (5) reverse mortgage fraud
• Understand BSA/AML laws and regulations applicable to the mortgage industry, including regulators’ expectations of fraud compliance programs
• Learn practical tips for building and maintaining anti-fraud and BSA/AML compliance programs
• Explore best practices for interacting with law enforcement, including SAR filings and proactive outreach to law enforcement when confronting mortgage fraud

Experience Level: 

• Entry-Level
• Intermediate

Target Audience:

• Compliance Officers
• In-House Council
• Underwriters
• Loan Originators

Speaker(s):

• Robert Maddox, Esq., Chair, Bradley’s Banking & Financial Services Practice (ACMA Fellow)
• Jonathan “Jack” Harrington, Esq., Chair, Bradley’s Financial Crime & Economic Sanctions Team (CAMS)