Mortgage Fraud: Recognizing the Signs

Mortgage fraud has long been a problem for the lending industry, but it is increasingly becoming a potential source of liability for real estate brokers and their businesses. The potential for brokers to be held responsible if agents are involved in a transaction that includes a fraudulently obtained mortgage makes it important that brokerages have a policy to address the issue internally. The National Association’s Risk Management Committee has created a new brochure to help brokers explain the issue and identify for their agents warning signs in a transaction.

Mortgage Fraud: Recognizing the Signs is available either as an 8 ½ x 11 handout or in a two-page form which when copied back-to-back forms a bi-fold brochure. Either format can be downloaded at no cost and reproduced for use in a sales meeting or other education programs for sales people to reinforce your firm’s policy when signs of mortgage fraud appear in a transaction.

Other resources

Advertisement

Copyright

Real estate professionals must be cognizant of copyright issues when it comes to listing content, most notably in connection with listing photographs.

Conference Live

NAR Conference Live is your virtual window into the 2019 REALTORS® Conference & Expo experience! Watch recaps, interviews and more.