RC_GO_F_200.1 Mortgage Loan Fraud Overview and Current Trends
| Option | Price |
| Member | $0.00 |
| Non-Member | $100.00 |
Mortgage fraud is defined as the intentional misstatement, misrepresentation, or omission of information by a borrower, industry professional, or other interested party that is relied on by a lender or underwriter in approving or purchasing a mortgage loan. Fraud remains a persistent challenge for lenders, with schemes ranging in complexity and financial impact. As fraud methods continue to evolve, mortgage professionals must remain aware of emerging trends and risks within the industry.
Mortgage Loan Fraud Overview and Current Trends examines mortgage fraud from a high-level perspective. The course begins by distinguishing between fraud for housing and fraud for profit. It then introduces key industry players involved in fraud awareness and response, followed by a review of statistics and reporting resources used to track mortgage fraud trends. The course concludes by examining the monetary and legal consequences of mortgage loan fraud for lenders and individuals involved.
This is a single-family/residential course.
Topics:
- Fraud for Housing vs. Fraud for Profit
- The Key Players
- Statistic and Reporting Resources
- Consequences of Fraud
Seat time approximately 1 hour.
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