This course provides an in-depth look at mortgage and valuation fraud in the United States. Illustrations and examples are offered of various fraud schemes that are common today, including flipping, silent seconds, flopping, and cash-back-at-closing schemes. The appraiser’s role in various types of real estate and mortgage-related swindles will be examined. Other related topics to be explored include appraisal pressure and unacceptable assignment conditions. Next, various enforcement and legal issues – including civil, criminal, and administrative liability, investigation and prosecution of appraisers, and appraiser identity theft – will be examined in detail. Finally, the course will outline steps appraisers can take to limit their liability and decrease the likelihood of becoming ensnared in the web of a real estate or mortgage fraud scheme.
1. Chapter 1: The Basics of Fraud
2. Chapter 2: What is Mortgage Fraud?
3. Chapter 3: The Pervasive Nature of Mortgage Fraud
4. Chapter 4: Fraud and the Appraiser
5. Chapter 5: Inflated Appraisals and Client Pressure
6. Chapter 6: Prosecution of Appraisers
7. Chapter 7: Avoiding Involvement
8. Chapter 8: Case Studies – Putting it all Together
9. Final Exam
Course ratings and reviews
McKissock is rated out of 5 by 5145.
Rated 5 out of 5 by Lora C from I actually talked about the course topics to my family...because it held my interest!
Date published: 2019-06-09
Rated 5 out of 5 by Brooker W from This was an interesting course, informative and well presented.
Date published: 2019-06-08
Rated 5 out of 5 by Mark M from This course was very informative with some things that were new to me. I think it increased my overall knowledge and prepared me recognize questionable situations I may find myself in going forward.
Date published: 2019-06-02
Rated 5 out of 5 by Scott K from Great alternative to physically going to a classroom setting
Date published: 2019-06-02
Rated 5 out of 5 by John C from The course is a good reminder that we appraisers need to be diligent about who we agree to work for and that we should periodically do a careful screening of our existing clients.
Date published: 2019-05-17
Rated 5 out of 5 by Amanda D from This course gave me more insight to the risks that appraisers can experience.
Date published: 2019-05-14
Rated 5 out of 5 by Nelson K from This course was "EYE OPENING"! WOW! This course has caused me to become even more alert, aware, careful, and diligent. I was not aware of the extent of the pitfalls that await after submitting an appraisal report.
Date published: 2019-04-30
Rated 5 out of 5 by George V from Interesting course. It named all the corrupt companies from Orange County, California from the 2000 to 2008 era. Bakersfield, CA as well. Always knew they were nothing but complete punks.
Date published: 2019-04-29