Strategies For Preventing, Detecting & Resolving

Mortgage Fraud

Wednesday, March 22, 2006

About

Fraud prevention and quality assurance experts joined forces with experienced mortgage banking attorneys for this publication that gives real-world tools to minimize risk of loss to fraudulent practices. Included is practical information that contains the following :

  • DETECTING property flipping, straw buyer schemes, loan churning and mortgage elimination schemes before they occur
  • UTILIZING fraud prevention and detection software tools that will save you time and money: users' perspective on what works
  • USING bad player lists to prevent fraud and avoid the new wave of defamation, libel and slander lawsuits against lenders
  • HOW TO CREATE a fail-safe red-flag identification system for potential fraud
  • PREVENTING, detecting and resolving appraisal fraud
  • DETECTING money laundering schemes that use mortgages
  • WORKING with regulators to get results quickly

Is your company one of the 2% of mortgage lenders that do not suffer losses from mortgage fraud? If so, read no further.

How much of the estimated $48 billion in losses did your business suffer due to mortgage fraud over the past several years? Given the 150% increase in mortgage fraud complaints made to the Federal Bureau of Investigation in the past fiscal year, chances are if your losses have not been significant to date, they soon will be. Are you armed with the most up-to-date and effective strategies, techniques and policies to prevent and fight fraud?

By purchasing ACI's Strategies for Preventing, Detecting & Resolving Mortgage Fraud publication, you will obtain information from seasoned quality assurance professionals and experienced mortgage banking attorneys.

Contents & Contributors

About

Fraud prevention and quality assurance experts joined forces with experienced mortgage banking attorneys for this publication that gives real-world tools to minimize risk of loss to fraudulent practices. Included is practical information that contains the following :

  • DETECTING property flipping, straw buyer schemes, loan churning and mortgage elimination schemes before they occur
  • UTILIZING fraud prevention and detection software tools that will save you time and money: users' perspective on what works
  • USING bad player lists to prevent fraud and avoid the new wave of defamation, libel and slander lawsuits against lenders
  • HOW TO CREATE a fail-safe red-flag identification system for potential fraud
  • PREVENTING, detecting and resolving appraisal fraud
  • DETECTING money laundering schemes that use mortgages
  • WORKING with regulators to get results quickly

Is your company one of the 2% of mortgage lenders that do not suffer losses from mortgage fraud? If so, read no further.

How much of the estimated $48 billion in losses did your business suffer due to mortgage fraud over the past several years? Given the 150% increase in mortgage fraud complaints made to the Federal Bureau of Investigation in the past fiscal year, chances are if your losses have not been significant to date, they soon will be. Are you armed with the most up-to-date and effective strategies, techniques and policies to prevent and fight fraud?

By purchasing ACI's Strategies for Preventing, Detecting & Resolving Mortgage Fraud publication, you will obtain information from seasoned quality assurance professionals and experienced mortgage banking attorneys.

Contents & Contributors


IDENTIFYING AND PREPARING FOR EMERGING AND EVOLVING MORTGAGE FRAUD SCHEMES
Jenny Brawley, Freddie Mac

IDENTIFYING MORTGAGE FRAUD SCHEMES
Peter L. Lublin, McCalla Raymer, LLC

MORTGAGE ELIMINATION SCHEMES: THE DOREAN GROUP
Karen A. Braje, Reed Smith LLP

MORTGAGE ELIMINATION SCHEMES
John S. Siamas, Reed Smith LLP

NEW INITIATIVES, LEGISLATION AND REGULATIONS THAT WILL ADVANCE YOUR ANTI-FRAUD EFFORTS
Cynthia L. Eldridge, U.S. Department of Justice

MORTGAGE FRAUD: THE CONSEQUENCES AND OUR COMMITMENT TO FIGHT BACK
Gale McKenzie, U.S. Department of Justice

COMBATING MORTGAGE FRUAD: A PRACTICAL GUIDE FOR LENDERS
Andrew L. Sandler, Skadden, Arps, Slate, Meagher & Flom LLP
Anand S. Raman, Skadden, Arps, Slate, Meagher & Flom LLP
Andrea K. Mitchell, Skadden, Arps, Slate, Meagher & Flom LLP

AN INDUSTRY PERSPECTIVE ON PREVENTING AND MITIGATING INTERNAL FRAUD
Mark. G. Kasak, Option One Mortgage

PREVENTING AFFILIATE FRAUD: SHARING WHAT WE KNOW
James Ronan, Interthinx

IMPLEMENTING INFORMATION SHARING PRACTICES TO PREVENT EMPLOYEE AND AFFILIATE FRAUD
Jonathan D. Jaffe, Kirkpatrick and Lockhart, Nicholson & Graham

PREVENTING MONEY LAUNDERERS FROM USING YOUR INSTITUTION TO CLEANSE MONEY
Larry Ruder, Wells Fargo Home Mortgage
Jamie L. Boucher, Skadden, Arps, Slate, Meagher & Flom LLP

PROTECTING YOUR INSTITUTION FROM IDENTITY THEFT
Scott Husted, IndyMac Bank

DETECTING MORTGAGE FRAUD POST-APPROVAL: YOUR FRAUD PREVENTION SYSTEM FAILED… NOW WHAT?
Jacqueline Dreyer, LoanCert Division of the Prieston Group
Sally Smith, Bank of America
Penny Paplanus, Mandalay Mortgage, LLC

APPRAISAL FRAUD
D. Scott Murphy, D.S. Murphy & Associates, Inc.

PRACTICAL SOLUTIONS TO CURB APPRAISAL FRAUD
Rachel Dollar, The Dollar Law Firm, PC

MORTGAGE FRAUD
Gordon MacDonald, Federal Bureau of Investigation

RESOLVING MORTGAGE FRAUD: WINNING LITIGATION STRATEGIES AND OTHER AVENUES OF RECOVERY
Don Johnson, Countrywide Home Loans, Inc.

CIVIL LITIGATION: BOTH SIDES OF THE FENCE
Michael J. Brook, Lanahan & Reilley, LLP

BEFORE YOU RACE TO THE COURTHOUSE AND THROW GOOD MONEY AFTER BAD
Loretta Salzano, Franzen & Salzano, P.C.

INTERNAL INVESTIGATIONS AND MORTGAGE FRAUD
Holly A. Pierson, Nelson Mullins Riley & Scarborough LLP

ADVANCED STRATEGIES TO MAXIMIZE RECOVERY: DEVELOPING COMPREHENSIVE BLUEPRINT
Frank A. Hirsch, Nelson Mullins Riley & Scarborough LLP
Wesley Few, Nelson Mullins Riley & Scarborough LLP
Holly A. Pierson, Nelson Mullins Riley & Scarborough LLP



DOCUMENT TYPES: PRESENTATIONS AVAILABLE: 0