1 Hour DC SAFE Continuing Education Course: Mortgage Fraud & Consumer Protection in the District of Columbia: #19060

Description

Mortgage fraud and consumer financial scams represent persistent threats in residential lending, with mortgage loan originators (MLOs) serving as the primary line of defense. For example, an originator may spot inconsistencies in income documentation, preventing a fraudulent loan from being approved, or may be the first to hear from a distressed homeowner who has received a suspicious refinancing offer. These real-world moments illustrate how originators can stop fraud before it harms consumers or lenders. In the District of Columbia, statutes, regulations, and the licensing agency establish the standards that govern these responsibilities. Why does this matter? Because a single lapse can allow fraud to move forward, putting both borrowers and the entire lending process at risk.

This one-hour, state-specific elective is designed for licensed MLOs fulfilling annual continuing education requirements. The course is structured into two chapters. Chapter 1 examines mortgage fraud during the origination process, including instances in which a borrower, an insider, or an originator deceives the lender. Chapter 2 focuses on consumer protection, addressing scams targeting homeowners and reviewing legitimate District resources that originators should be familiar with and recommend.

Contents

1. Mortgage Fraud in the District of Columbia
2. Protecting D.C. Borrowers — Scams and Consumer Safeguards
3. Final Exam