Mitigating Potential Fraud in Your Organization

This title is one of the many courses available in the AllRegs Education Package subscription program!

Mitigating Potential Fraud in Your Organization provides managers with a detailed look at mortgage fraud characteristics, the ways individuals or groups perpetrate fraud in a mortgage transaction, and strategies for MLOs to detect and reduce mortgage fraud. This course presents an overview of mortgage fraud statistics in the United States, including prevalence, trends, and geographic risk indicators. Learners will cover details of mortgage fraud characteristics, fraud motivators, and common fraud schemes. This course also covers fraud reporting requirements as dictated by law, including when and how to file reports through a Suspicious Activity Report (SAR), and the laws that affect controls and compliance measures that lenders and loan origination organizations must have in place. Finally, this course presents tools and strategies that managers can implement to prevent fraud, along with best practices to manage risk in their organizations.

What will I learn?

Upon completion of the course, students will be able to:

  • List key characteristics of mortgage fraud
  • Describe common mortgage fraud schemes
  • List the requirements for reporting mortgage fraud
  • Summarize the process for reporting mortgage fraud
  • Explain strategies to manage fraud risks

Agenda

Download Course Syllabus

Course Length

30 minutes (approximate)

How it works

Each self-paced, self-study course examines a particular topic, allowing students to hone in on a focused set of learning concepts. Each course is designed with learning objectives, comprehensive course materials, learning reinforcement activities that appeal to various learning styles, real world examples, and, where appropriate, video and/or audio recordings of industry experts.

The final exam is completed online with instant grading, and you can download your industry-recognized certificate of completion after you successfully pass the course. While course completion time varies per student, it will take approximately one hour to complete most courses.

Students have 12 months from the registration date to complete the course. Upon successful completion of the course, students can download their industry-recognized certificate of completion and transcript.

*Restrictions apply. If your staff size exceeds 250, please consider the Enterprise AllRegs Education Package.