Real Estate Academy
Mortgage Fraud Exposed: Trends Every Agent Should Know
COURSE SUMMARY
Financial crimes related to mortgage lending continue to rise, making mortgage fraud a critical concern within the real estate industry. Mortgage fraud occurs when false or misleading information is provided on a mortgage application to secure loan approval under fraudulent conditions. Real estate agents play a key role in guiding clients through the mortgage process, where accuracy and transparency are essential.
As fraudulent schemes become more sophisticated, agents may unknowingly become involved in illegal activity if proper diligence is not exercised. This course emphasizes the importance of recognizing warning signs, understanding common fraud schemes, and taking appropriate action when suspicious activity arises. Participants will gain the knowledge needed to identify risks and help protect themselves, their clients, and the integrity of the transaction.
Learning Objectives
By the end of this course, participants will be able to:
- Explain the motivations behind mortgage fraud
- Define mortgage fraud and the laws that govern it
- Analyze current statistics and trends related to mortgage fraud
- Differentiate between the two primary types of mortgage fraud
- Identify and describe common mortgage fraud schemes within each category
- Review and verify key documentation for accuracy and consistency
- Recognize common red flags in mortgage transactions
- Apply preventative strategies to reduce the risk of fraud
- Evaluate real-world examples of mortgage fraud cases
- Outline the appropriate steps to take when fraud is suspected
Real Estate Continuing Education Credits
New York
- 2.00 Credit Hours
- Price: $0.00
This course has been approved by the New York Division of Licensing Services for 2.0 continuing education credit hours (Course Approval: M15961).
New Jersey
- 2.00 Credit Hours
- Price: $0.00
This course has been approved by the New Jersey Real Estate Commission for 2.0 continuing education credit hours (Course Approval: C20203955).
Professional Development
- 2.00 Professional Development Hours
- Price: $0.00
This course may also be completed for professional development purposes to enhance industry knowledge.