The recent "Focus on Fraud" Webinar, presented by Lenders Compliance Group, was well-attended. The attendance was so good, that Lenders Compliance has been asked to offer it again by many clients and colleagues who missed it. The "Focus on Fraud" Webinar" is a three-hour, comprehensive training environment that trains attendees on detecting mortgage fraud, and presented by Lenders Compliance Group Director/Forensic Mortgage Services Michael S. Richardson, will be offered again on Thursday, Oct. 1 at 1:00 p.m. EDT. Michael is a nationally-recognized authority on preventing mortgage fraud.
As part of the registration, participants will receive An American Epidemic: Mortgage Fraud - A Serious Business, Mike's well-respected book on preventing mortgage fraud. “Focus on Fraud,” trains attendees in detecting mortgage fraud. Registration for the Webinar is available at forensics.lenderscompliancegroup.com/2.html.
This unique webinar is a three-hour, comprehensive training environment in forensic loan review. Mr. Richardson's well-respected book on preventing mortgage fraud, An American Epidemic: Mortgage Fraud - A Serious Business, is a book ordered and used by the U.S. Department of Housing & Urban Development (HUD).
The “Focus on Fraud” webinar answers such questions as:
► What are the major types of fraud?
► What to do when fraud has been detected?
► What are the "red flags" for underwriting?
► How do you suspend or decline questionable transactions?
A key feature of the Webinar reveals the most recent schemes to identify mortgage fraud and shows how to spot them prior to funding loans, thereby preventing mortgage fraud. Jonathan Foxx, president of Lenders Compliance Group, reported, "In addition to the "Focus on Fraud‟ Webinar, our new Forensic Mortgage Services group assists residential mortgage loan originators in preventing mortgage fraud by providing a suite of forensic services. Taken together, this proactive approach improves our clients‟ bottom lines in this tough economy."
"Focus on Fraud" Webinar host Michael S. Richardson is an author and creator of private label education training courses for mortgage bankers and online education. As director/forensic mortgage services, Richardson provides methodologies to minimize the risk of fraud at each level needed to originate and fund quality loans. The well-known “Clear to Close” review, developed by Richardson, is an industry standard which provides lenders with a hands-on, pre-funding loan file analysis of all fraud detection data fields. The Forensic Mortgage Services group performs pre-funding and post-closing mortgage fraud reviews, logistical planning, and targeted forensic loan audits. Lenders Compliance Group Inc. is a full service, mortgage risk management firm, providing professional guidance to financial institutions in all areas of mortgage compliance. The firm provides complete outsourcing of risk management, with respect to the regulatory compliance function and its requirements. The company's clients are mortgage bankers, mortgage brokers, federally-regulated banks and their mortgage company subsidiaries, mortgage REITs, warehouse banks, correspondent lenders, wholesale lenders and credit unions.
For more information, call Michael Richardson at (516) 442-3456, e-mail
[email protected] or visit www.lenderscompliancegroup.com.
