The "Introduction to Mortgage Fraud" (MORF) course presents awareness-level information on mortgage fraud. The course covers basic definitions and terminology, common types of mortgage fraud schemes, components of fraud, roles in the mortgage process, and legal explanations. Students will also learn to recognize fraud indicators associated with a variety of schemes and opportunities to commit fraud throughout the mortgage process. A sample mortgage loan application and other forms used in the process are available to download within this course.
- The basics. What is mortgage fraud? What are the categories? What are some historical trends in the housing market?
- Types of mortgage fraud schemes. What are common schemes and their components? Includes discussion on identity theft, title and deed fraud, straw buyers, and silent seconds.
- Perpetrators and victims. Who commits and suffers from the impact of mortgage fraud? Includes discussion on industry insiders and owners in financial distress.
MORF is a one-and-a-half-hour online course.
No Cost $0