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Determining Your Role in Fraud Prevention

A detailed look at mortgage fraud characteristics, the ways individuals or groups perpetrate fraud in a mortgage transaction, and strategies to detect and reduce mortgage fraud for mortgage loan originators (MLOs) and mortgage operations personnel. The course includes an overview of U.S. mortgage fraud statistics, motivators, common fraud schemes and the red flags that may indicate the presence of mortgage fraud throughout the loan process, beginning at the point of application.

Duration: Approximately 30 minutes
Made Available: October 2018

What You'll Learn

After successfully completing this course, you will be able to:

  • ​Identify types of mortgage fraud by their key characteristics
  • Describe common mortgage fraud schemes
  • Explain how to recognize red flags as indicators of mortgage fraud
  • List tools that help you prevent fraud
  • Describe your role in protecting your company against mortgage fraud

​Audience

Lending operations staff, including: Loan Originators, Underwriters, Processors.

Course Credits

ABA Certificates: This course applies to the Residential Mortgage Lender Certificate.


​Questions? Please contact training@aba.com for more information.

 

 Purchase

 

Purchase for a Team
To license this course to your bank for multiple learners, please contact ABA Training.

 

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