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How to Prevent and Detect Mortgage Fraud: What You Need to Know to Protect Your Firm (2006)

Conference Date: January 19, 2006

Mortgage fraud is expensive and leaves you open to lawsuits and government inquiries. Hear from our highly experienced panel what you can do to protect your company.

This report holds the transcript from our very popular audio conference as well as value-added relevant news and analysis from Inside Mortgage Finance Publications.

The program:

• “Market Drivers of Fraud, Claims Data, Lender Certification, and Best Practices for Dealing with Fraud,” Arthur J. Prieston, Chairman, The Prieston Group
• “Fraud Detection and Prevention, Employee Training, Internal Auditing When Fraud Has Occurred,” Dale M. Sugimoto, VP and Chief Risk Officer, Option One Mortgage
• “Blueprint for Responding to Fraud Investigation: A Case Study,” William S. Smith, General Counsel, Option One Mortgage.

The event covered:

• What you can do internally to identify and evaluate areas of risk
• What your employees need to know to detect fraud from the start
• How to set up an internal investigations program
• Brick and mortar policies and procedures you can put in place to prevent fraud
• How to safely expand your correspondent channel and purchase quality loans
• What to do if you detect fraud
• The importance of a strong back-end auditing program to catch the fraud that does get through
• What you can do to mitigate your loss if you are hit by mortgage fraud
• A blueprint for responding to any government agency investigating you for fraud