At a time when mortgage fraud is one of the fastest growing crimes in the nation, it’s never been more important to be educated on the facts of mortgage fraud. Financial institutions, including mortgage lenders and brokers, are required under the Bank Secrecy to identify and report fraud. Gathering the Facts on Mortgage Fraud provides students with an overview of the characteristics of mortgage fraud and examines common fraud schemes. Additionally, this course highlights common red flags that may indicate fraud and explains when fraud needs to be reported.
After completing this course, students will be able to:
• Recognize key characteristics of various types of mortgage fraud
• Identify common mortgage fraud schemes
• Distinguish red flags that may indicate fraud
• Identify the reporting requirements
