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
Mortgage fraud still lurks in most markets, and can take your clients by surprise.
Money-Back, No Hassle Guarantee
  • 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


According to North Dakota License Law, Chapter 70-02-04-14, “The commission will allow a maximum of eight hours of accreditation per day.”

According to North Dakota License Law, Chapter 70-02-04-22, you must complete a “distance education course within one year of the date of enrollment.”

Visit the North Dakota Real Estate Commission website for more information about continuing education requirements.



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