Fraud Detection for Mortgage Servicers is designed to alert mortgage servicers to unethical and fraud-related activities in mortgage banking and provide guidance in minimizing exposure. Learn about the impact and ramifications of fraud in mortgage lending; the indicators of potential fraud; the resources available to detect and investigate fraud; the best practices for ethical conduct in mortgage lending; and how to recognize methods for preventing fraud.

Course Outline:

Lesson 1 - Loan Fraud Basics

• Fraud in Mortgage Lending
• Perpetrators of Fraud
• Lender Responsibilities
• Types of Fraud
• Pay Back Schemes
• Fraud for Profit

Lesson 2 - Credit Analysis

• Credit History
• Analyzing Credit Information
• Identity Theft

Lesson 3 - Appraisal Review

• The Appraisal
• Market Value Analysis
• Unacceptable Appraisal Practices

Lesson 4 - Ethics in Mortgage Lending

• An Overview of Ethics
• Ethics in Business
• Code of Ethics
• Case Studies

Course Credit:
Completion of this course earns five points toward MBA's Certified Mortgage Banker (CMB), or Certified Mortgage Technologist (CMT) designations. This course also earns five points towards MBA's Mortgage Servicer, Default Administration Achievement Certificate.