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Follow on Google News |  Observing a Felony and Failing to Prevent attend "Focus on Loan Quality & Fraud Prevention WorkshopA man who failed to report criminal activity part of a mortgage fraud scheme pleaded guilty to one felony and was convicted of one count of misprision of a felony, which is punishable by up to three years in prison and a fine of up to $250,000.
By: Preventmortgagefraud.com DO NOT MISS THIS IMPORTANT WORKSHOP! Sign up for the workshop and you will learn: *How to spot, assess, recognize, improve Loan Quality and PREVENT MORTGAGE FRAUD Sign up Today: http://preventmortgagefraud.eventbrite.com *Why your Mortgage Origination Procedures need to be in compliance with Federal and State laws *How an effective Quality Control Plan can help ensure loans are saleable in the secondary market *Why it is important to follow the required Fannie Mae Loan Quality Initiative (LQI) Why it is important: *Lenders are expected to develop and maintain a QC program that meets FNMA requirements *Lender’s QC plans are required to include a Prefunding review process *Lender’s QC loan selections must be made within 30 days of closing, review must be completed within 60 days of selection (previously 90 days) * Lenders must notify FNMA if their QC cycle is behind more than 30 days * Results from Lender’s QC audits/reviews must be reported to Sr. Management within 30 days of the completed audit/review About the instructor: Michael S. Richardson, author of “An American Epidemic, Mortgage Fraud a Serious Business” will share his story of what happened when he discovered the fraud epidemic raging within his own company. Michael never thought it could happen to him, but it did. Michael teaches the common types of mortgage fraud *What the “hot fraud schemes” are today *Why fraud never pays *How to develop a pre-funding audit system and most importantly all the current mortgage fraud solutions available About the “Mortgage Fraud Prevention Awareness” Workshop: This three hour workshop brings awareness to the real estate industry professionals educating them with strong awareness of the identification and prevention of mortgage fraud. $39.95 Workshop Includes: *3 Hour Webinar * “Focus on Fraud” Slides for taking notes * Q & A Session * Webinar details with location and pin numbers will be sent out within 7 days of webinar About Prevent Mortgage Fraud Third Party Neutral Quality Control Review: Mortgage Origination “Third-Party Neutral” quality control is required to stay in business, to avoid unacceptable risk for your company, the correspondent investors and all governmental agencies. Our Quality Control Mortgage Loan Review Services include: * “Clear-to- *Post Closing Mortgage Reviews *Fraud Investigation, Early Payment Defaults, Foreclosure & Repurchase “GET ONE FOR FREE” Details: Prevent Mortgage Fraud 'Third Party Neutral Quality Control Review" Special Sign up for the workshop and receive: *“A Baker’s Dozen” 13 reviews for the price of 12 for the entire year. *Assistance in updating your Quality Control Plan to meet FNMA LQI requirements *Requires a signed review agreement to receive special We are committed to being your Third-Party Neutral mortgage professionals, although we’re flexible in our approach. We work hard to bring value to our clients and the guidance we provide is practical. If you believe your bank or mortgage lending institution may benefit from Third-Party Neutral loan review outsourced services designed to support the lending & risk management functions, please look through our site to learn more. www.preventmortgagefraud.com # # # About Preventmortgagefraud.com- For additional information visit http://www.preventmortgagefraud.com, or contact at 1-888-877-7951 End
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