Mortgage Fraud Finds New Paths in Real Estate

Mortgage Fraud Finds New Paths in Real Estate


Course Credit Hrs.
Mortgage Fraud Finds New Paths in Real Estate 3.00

3 Elective Hours
Mortgage fraud still lurks in most markets, and can take your clients by surprise.

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  • Mortgage fraud has been defined as a material misrepresentation or omission made in a mortgage loan document, or an oral statement made to induce the lenders to make a loan they might not otherwise make. As you’ll see in this course, that simple definition plays out deceptively in some very clever mortgage schemes and scams.
    3 Elective Hours

  • This course will help you better serve your clients and the public by understanding how to detect, avoid, and prevent fraudulent mortgage practices.

    Section 1 – Reinforcing the Fight
    Chapter 1 – The Mortgage Fraud Battlefront
    Chapter 2 – Threats to the Marketplace
    Chapter 3 – FBI Motives for Mortgage Fraud
    Chapter 4 – Real Estate Insiders

    Section 2 – Collusion and Insider Fraud
    Chapter 1 – Collusion
    Chapter 2 – Document Misrepresentation
    Chapter 3 – Identity Theft
    Chapter 4 – Fraud Schemes – Traditional and Emerging
       • Appraisal Fraud, Builder Bailout, and Property Flipping
       • Equity Skimming, Artificial Down Payment, The Land Flip, The Phantom Sale, The Straw Borrower, House Stealing, and Reverse Mortgage Scams
       • Foreclosure Recovery Schemes, Shady Mortgage Advertisers, Loan Modification Schemes, Short Sale Schemes, Internet Fraud, and Criminal Statutes

    Section 3 – Detecting Fraud

    Section 4 – Actions to Prevent Institutional and Consumer Fraud
    Chapter 1 – “Data Mining” by Investigators and Fraudulent Use of Technology
    Chapter 2 – Diagnostic Checklists by Lenders
    Chapter 3 – Educating the Public and the Professional
    Chapter 4 – Other Initiatives to Curb Fraud
  • Subject Matter Expert:
    Larry Stoller

    Larry Stoller is a nationally recognized lecturer on topics relating to economics, residential and commercial real estate, and real estate finance. He has held a real estate broker license since 1972, and was twice president and founding director of the Minnesota Association of Mortgage Brokers.

    Over the last 35 years, Mr. Stoller has been an owner, consultant, and trainer in residential and commercial real estate, land development, construction, title insurance, mortgage finance, and real estate brokerage. Larry Stoller’s articles and interviews have appeared in national publications and trade journals.

    Instructor: Jim Luger
    Jim Luger has been a broker and instructor for over 30 years. He is a member of the Real Estate Educators Association, and is certified as an online instructor by the International Distance Education Certification Center (IDECC). You can contact Jim at


Continuing Education Requirements
Licensees are required to complete 20 hours of approved continuing education courses for each two-year license period (January 1 of odd-numbered years through December 31 of even-numbered years), also referred to as the licensing biennium.
Licensees intending to renew their license on an active status by the renewal deadline of November 30 (even-numbered years) must complete 20 hours of approved continuing education courses during the biennium. The required continuing education hours include the commission designated core courses, which are offered in a two-part format (Core A and Core B), and the remaining courses as elective credit hours. Visit the Hawaii Real Estate Commission website for more information about continuing education requirements.

Continuing Ed Express automatically submits course completion information to the Department of Commerce and Consumer Affairs. Licensees will receive certificates marked “elective” for elective courses and “core” for core courses after they complete each course.
BEFORE you purchase a course, check your continuing education history on the Hawaii Online Real Estate Continuing Education website to make sure you can receive continuing education credit for each course. According to Hawaii Administrative Rules, S 16-99-95 Duplicate continuing education hours: “Except as provided by the commission or by this subchapter, a licensee shall not take a continuing education course for which the licensee has already received a certificate within two consecutive biennia.”

Need to get your real estate license? See our Hawaii Pre-License information.

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