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4.0 hours Good Guys/Bad Guys - Who's Who in Mortgage Fraud

Good Guys/Bad Guys - Who's Who in Mortgage Fraud  Course Video Image

Course Syllabus:



4 4.0 Elective Hours

Mortgage loan fraud occurs when false statements are made to qualify for a loan. There are a number of practices contributing to loan fraud. This course will provide real estate professional with an overview of mortgage fraud, a new awareness, what to look for and how it can be prevented.

Instructor: Susan Davis
Coura Gaye-Sow
Author: Susan Davis, CDEI 4063or
Mandatory Seat Timer: Yes
Format: Online
Credit Hours: 4
Required Quiz Grade: 0
Exam Required: No

Content Review:
The Table of Contents page within each course will list the lesson titles and the expected time it should take the student to complete.

Kickout Minutes:
15 minutes. We need to receive a keystroke or mouse click from you every 15 minutes in order for your elapsed time to apply to your total time. If your elapsed time is greater than 15 minutes, then your time will not be counted towards your course time.

Availability of Course:
You will have 180 days to complete the course. The State course expiration date will override the account expiration date assigned at the time of purchase. Any expired, unfinished course will be replaced with a current state approved course, and will be available to you until your account expires. The courses can be accessed from any device connected to the internet at any time.

Oregon Real Estate Agency course approval number: 4063or

Course Objective

Describe those actions encompassing predatory lending practices.

Learning Activity: Video

Identify the potential customers, scams and techniques of predatory lending and mortgage fraud.

Learning Activity: Video

Describe various techniques used by predatory lenders.

Elaborate on ways to protect the client/consumer from predatory lenders by identifying techniques.

Recognize how fraud groups work together to perpetrate mortgage fraud and predatory lending practices.

Describe how scammers use this form of short sale fraud to conduct a short sale and then flip the property.

Identify ways that scammers utilize the bankruptcy provision that delays foreclosure.

Review and discuss the role of straw buyers, unrecorded second mortgages and the technique of shell corporations.

Demonstrate an ability to identify fraud schemes.

Illustrate knowledge of how dishonest appraisers and attorneys can manipulate using various techniques.

Learning Activity: Video

Discuss cases focused on the operations of groups involved in fraudulent mortgage activities.

Explain how Real estate agents can use the information in this course to take precautions to avoid mortgage fraud.

Recognize and describe predatory ‘rescue’ scams.

Evaluate the various avenues and possible choices available to a distressed homeowner.

Express a depth of knowledge regarding short sales and how to guide the consumer to legitimate sources of assistance.

List and discuss additional choices to assist the distressed homeowner.