Detecting Mortgage Fraud
- Who Should Attend: Lenders
- Overview: Early fraud detection pays off for everyone. Mortgage fraud's damages cost money, time, energy and even relationships. How can you protect yourself and your company from it? Look for the red flags. Mortgage fraud costs the industry more than $1 billion a year, according to FBI estimates. It's not always easy to spot fraudulent activity, but you'll better protect yourself from potential losses by becoming familiar with some of the red flags that appear frequently in fraud cases.
In this workshop, you'll learn to:
• Understand what constitutes fraud, and when and where it's most likely to appear during the mortgage process.
• Recognize geographic hot spots for fraud, as well as common schemes and motivations.
• Keep an eye out for early fraud detection and prevention and identify red flags associated with potential fraud.
• Understand your role in fraud prevention.
July 24, 10:30 AM CST
Rebecca ChaseRegister Now
Rebecca ChaseWatch Now
Sheryl Yu entered the mortgage industry in 1984. Her intimate familiarity with her class content comes from her experience as a national underwriting manager, an operations manager and a branch manager for both retail and wholesale lending. She joined MGIC in 2002 to lead its northern California underwriting operations.
Sheryl has a bachelor’s degree from the University of California at San Jose. While she has lived in northern California her whole life, she loves to travel, discovering interesting places.
Rebecca Chase came to work for MGIC in 1998 as an underwriter, polished herself into a senior underwriter and then discovered the joy of customer training. Her extensive banking background also includes front-end experience as a loan officer and a sales manager.
Rebecca attended Marquette University in Milwaukee, Wis. Born in the very small town of Ohio, Ill., population 523, she is a transplanted Midwesterner living in balmy Florida. When she’s not at work, you’ll find her at the beach, reffing a pro beach volleyball match.