AllRegs and AAMVA offer anti-fraud trainingMortgagePress.comAnti-fraud mortgage training
AllRegs, an online publisher of reference information for the
residential mortgage lending industry, has teamed up with the
American Association of Motor Vehicle Administrators (AAMVA) to
offer fraudulent document recognition training to the mortgage
"Combining AAMVA's knowledge and propensity in fraudulent
document recognition training with AllRegs' expertise in mortgage
regulations, provides an unmatched opportunity for professionals in
the mortgage industry," stated Dan Thoms, senior vice president of
AllRegs. "Upon completion of the program, students will be able to
recognize suspicious identity documents and detect fraudulent items
on the 1003."
Offered through AllRegs Academy, the prescribed curriculum includes
an online course and a five-day classroom requirement. At the
completion of the program, attendees will be able to:
• Identify suspicious documents in as little as seven
• Recognize security features and unique identifiers on
identity documents, including passports, driver's licenses, Social
Security cards and birth certificates;
• Locate and verify covert security features on
identification documents, including metricular cards and
• Detect fraudulent mortgage documents, such as a fraudulent
1003 loan application; and
• Identify ten red flags on the 1003 loan application.
After meeting experience requirements, students who successfully
complete the Fraudulent Document Recognition online course and the
Advanced Fraudulent Document Recognition classroom course will
receive the Certified Fraudulent Document Examiner (CFDE)
designation. "This program is exclusive to our AllRegs Academy
training program," said Thoms. "This is the only designation of its
kind offered in our industry."
In fact, those who seek CFDE designation must sign and abide by
the Security Liability Agreement, ensuring protection of covert
security features of identification documents revealed to students
only during the classroom phase of the CFDE program.
"AAMVA members are experts in driver's license and
identification processes and credentials," said Patrice Aasmo,
AAMVA senior vice president of product development. "In our efforts
to develop effective education for our membership, we have found
there is great value in harnessing that expertise and tailoring it
for other marketplaces. That is why we are thrilled to be in this
alliance with AllRegs and to play a role in helping businesses in
the mortgage industry reduce fraud, increase professionalism and
enhance customer service."
"Everyone involved in the mortgage industry would benefit from
this training," concluded Thoms. "With the increased incidence of
fraud, this is an opportunity to be proactive in combating this
For more information, visit www.allregs.com.