Skip to main content

Lenders Compliance Group's "Focus on Fraud" Webinar: Back by popular demand
Sep 17, 2009

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 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 or visit 
Sep 17, 2009
CFPB Reports Trends In Financial Assistance

The latest developments from this study reveal that most consumers have exited the payment assistance they received at the start of the pandemic.

Analysis and Data
Jul 14, 2021
CFPB Orders GreenSky To Refund $9M In Unauthorized Loans

The consent order requires GreenSky to refund or cancel up to $9 million in loans for the customers harmed by this illegal conduct.

Regulation and Compliance
Jul 13, 2021
CFPB Warns Landlords And Consumer Reporting Agencies To Report Accurate Rental Information

Inaccurate rental or eviction information can unfairly block families and individuals from safe, affordable housing.

Regulation and Compliance
Jul 01, 2021
FHFA Mandates Quarterly Fair Lending Reports

FHFA issued orders for all enterprises to submit quarterly Fair Lending Reports with data and information to improve the FHFA’s capabilities. 

Regulation and Compliance
Jul 01, 2021
FHFA Follows CFPB To Protect Borrowers Once COVID-19 Foreclosure And Eviction Moratoriums End

The Federal Housing Finance Agency made it clear that Fannie Mae and Freddie Mac servicers are not permitted to make first notice or filing for foreclosure that would be prohibited by the CFPB protections for borrowers affected by COVID-19.

Regulation and Compliance
Jun 30, 2021
CFPB Finds Evidence Of Redlining And Deceptive Acts In 2020

Enforcement actions resulted in more than $124 million in consumer remediation and civil money penalties in 2020

Regulation and Compliance
Jun 29, 2021