RC_GO_F_200.2 Mortgage Loan Fraud for Profit
| Option | Price |
| Member | $50.00 |
| Non-Member | $100.00 |
Fraud-for-profit schemes often rely on coordinated activity among multiple parties and are designed to extract cash or equity from mortgage transactions rather than obtain housing. These schemes may involve industry insiders, third-party participants, or organized groups working together to misrepresent transaction details, conceal financial incentives, or manipulate property values. Because individual loan files may appear internally consistent, fraud-for-profit activity is often identified by recognizing patterns, relationships, and red flags across transactions.
Mortgage Loan Fraud for Profit provides an overview of common fraud-for-profit schemes, including collusion, straw buyers, property flipping, builder bailouts, and other related schemes. The course also introduces foreclosure rescue scams that target distressed homeowners. Learners review how these schemes are structured, the roles different participants may play, and the loan-level indicators that may suggest fraudulent activity.
This course is designed to strengthen a learner's ability to recognize fraud-for-profit patterns, evaluate transaction risk, and identify when additional review or escalation may be warranted.
This is a single-family/residential course.
Topics:
- Collusion
- Straw Buyers
- Property Flipping
- Builder Bailouts
- Other Fraud Schemes
- Rescue Scams
Seat time approximately 1 hour.
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