NEW!
Mortgage Fraud: Emerging Trends
4 Clock Hours
C-24016179
Available Live, In-Person or Live Webinar via Zoom.
In this course we will learn about emerging mortgage fraud scenarios including the following: collusion by industry insiders, inflating income, debt elimination schemes, the silent second, straw buyers, appraiser identity theft, fraud involving the escrow closer, equity skimming, occupancy fraud and reverse occupancy fraud, credit repair fraud, deed fraud and the Sovereign Citizens movement. We have 8 case studies and 6 of them involve real estate brokers.
Mortgage fraud schemes continue to emerge yet can be avoided through increased industry awareness. Are these schemes happening here? Come to class and find out.
Some End Of Course Evaluations:
“Great class! Loved the real life case studies.”
“Time well spent.”
“Presented in a lively and engaging format. All info given was relevant to what’s going on in the market right now and great for me to have as a broker. I will bring back what I learned to my colleagues.”
“Really loved all the interaction. I was able to get all my concerns addressed.”
“Very interesting class. It is amazing how fraudsters profile their victims and co-conspirators. The psychological side is fascinating.”
“I had no idea that there was still so much opportunity for fraud in the real estate and mortgage industry.”
“Love all the handouts and printed material. Will save for future reference.”
“What an eye-opener. Class was taught in a concise and knowledgeable way.”
All Scheduled Classes
RESOURCES
Here is a list of links we may have discussed in this class.
How to Report Mortgage Fraud
Real Estate Broker or Appraiser
WA State Dept of Licensing
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Licensed Loan Originator
Contact WA State Dept of Financial Institutions
1-877-746-4334
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Federal Bureau of Investigation (FBI)
Mortgage Fraud or Loan Scams
Phone: 1-800-CALLFBI (225-5324)
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Housing and Urban Development (HUD) Office of the Inspector General
Hotline: Phone: (800) 347-3735
Email: hotline@hudoig.gov
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How to Report a Mortgage Fraud Tip to Fannie Mae
https://singlefamily.fanniemae.com/mortgage-fraud-prevention
Call 1-800-2FANNIE (1-800-232-6643).
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Consumer Financial Protection Bureau
Report Mortgage Fraud Through This Link
If you feel you can only provide information to us anonymously, you can call our toll-free number at (855) 695-7974 and follow the instructions to speak to a CFPB employee. Whistleblower information and law enforcement tips submitted to whistleblower@cfpb.gov are different from consumer complaints.
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More links mentioned in class:
Definition of Equity Skimming in WA State
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NMLS Consumer Access (to look up the licensing status of a loan originator)
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FinCEN (Financial Crimes Enforcement Network)
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Seattle HUD OIG (Office of the Inspector General)
Scroll down past the map and see the Seattle contact info toward the bottom
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The Sovereign Citizens Movement
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