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CPD Course
Mortgage Loan Fraud Schemes
Develop practical knowledge and confidence in Mortgage Loan Fraud Schemes.
This course will provide a comprehensive overview of individual mortgage loan fraud schemes. The learner will be exposed to identity theft, equity skimming, property flipping, silent seconds, and more. After completing this course, the learner will be able to:
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Course Description
Buying for a team?
Choose 5 or 10 licences to purchase access for multiple learners at a reduced per-person rate. After purchase, eBSI will contact you to confirm the learner details and arrange course access for each participant.
Develop practical knowledge and confidence in Mortgage Loan Fraud Schemes.
This course will provide a comprehensive overview of individual mortgage loan fraud schemes. The learner will be exposed to identity theft, equity skimming, property flipping, silent seconds, and more. After completing this course, the learner will be able to:
Why this course matters
This course turns the subject into practical, structured learning you can apply in real business and workplace situations. It is designed to help you move beyond definitions and understand how the ideas, tools and decisions covered in the course fit together.
What you will gain
- Build a practical understanding of the key concepts covered in Mortgage Loan Fraud Schemes.
- Recognise where the topic applies in real workplace or business situations.
- Apply the methods and good-practice approaches covered in the course with greater confidence.
Who is this course for?
This course is suitable for professionals, managers, business owners and learners who want practical knowledge they can apply in real workplace situations.
Course at a glance
- Study time: approximately 2 hours.
- Format: self-paced online learning.
- Professional development: CPD course.
Course Description
Seat Time: 2hrs - Desc:
This course will provide a comprehensive overview of individual mortgage loan fraud schemes. The learner will be exposed to identity theft, equity skimming, property flipping, silent seconds, and more. After completing this course, the learner will be able to:
- Identify and differentiate between various types of mortgage loan fraud schemes.
- Implement procedures and policies for preventing, detecting, and reporting mortgage loan fraud schemes.
- Understand the role of various regulatory agencies in preventing mortgage loan fraud schemes.
Course Topics
T1. Mortgage Fraud and Identity theft: This topic will provide the learner with an introduction to the mortgage lending process, addressing such areas as origination, processing, and documentation, among others.
T2. Equity Skimming: This topic will examine equity skimming, a form of mortgage loan fraud which preys on desperate homeowners, and will identify predatory lending practices, and advice for customers in compromised situations.
T3. Property Flipping: This topic will illustrate property flipping, the practice of buying and reselling property at an inflated price, and will provide details describing property flippers, flipping scams, and key red flags.
T4. Silent Seconds: This topic will instruct the learner on identifying silent seconds scams, and will provide the learner with details to help them recognize red flags and protect customers.
T5. Foreclosures: This topic will introduce the learner to foreclosure scams, which involve homeowners who are at risk of defaulting on their mortgages, and will identify types of foreclosure scams and key red flags by studying real-life examples.
T6. Straw Buyers: This topic will clarify straw buyers, also known as "nominees", how and when they are used, and how perpetrators commit the crime, while also providing details on air loans, red flags, and real-life examples for study.
T7. Application Misrepresentation: This topic will offer a discussion on application misrepresentation as a form of mortgage loan fraud, and will provide a detailed explanation of the many forms that exist, including funds, gift funds, credit, sales agreement, and more.
T8. Other Types of Fraud: This topic will introduce the learner to more types of fraud, such as lottery and telephone fraud, that s/he may encounter on the job so that s/he understands how to identify such fraud.
Continue your learning
Part of this learning pathway: Banking & Finance
Learners also take: Overview Of Mortgage Loan Fraud | Mortgage Loan Products
Course pathway: eBSI Banking Academy > Banking & Finance > Mortgage Loan Fraud Schemes
Explore more Banking & Finance training or return to the eBSI Banking Academy.
Your questions, answered
Does the course include a certificate?
The course assessment leads to a downloadable digital PDF CPD Certificate of Completion. See the course description for the CPD credits awarded.
What is CPD?
CPD stands for Continuing Professional Development. It is the ongoing learning that helps you maintain and develop the knowledge and skills you use in your work. Courses, workshops and other learning activities can contribute to your CPD record.
Can I ask a question before enrolling?
Book a free video consultation to discuss your goals and course choice.