Spot Fraud before the Damage is Done
Mortgage fraud is one of the fastest growing white collar crimes in the United States.* Cutting edge businesses across all segments of the lending and settlement services industries are tackling the challenge with a variety of solutions. But what can be done to identify mortgage fraud before it starts and stop it before the damage is done?
Our mortgage fraud experts will review both existing and emerging fraud scams and schemes and help you detect the warning signs of fraud.
What you'll learn:
- The latest scams and schemes and ways to spot them
- What your employees need to know to detect fraud from the start
- What you can do internally to identify and evaluate areas of risk
- How using tools and technology can detect fraud
- Organizational strategies for spotting identity theft
- How to recognize fraud in the closing process
Who should listen:
- Fraud investigators
- General Counsels
- Loan Production Staff
- Loan Underwriters
- Quality Assurance Professionals
- Title Closing Professionals
After a successful battle with fraudsters in Georgia prompted by “property flipping” that threatened her own family’s home, Ann Fulmer came to national attention when her story was featured in People magazine. Fulmer is a nationally recognized speaker who has illuminated the hidden costs of mortgage fraud to title insurers, mortgage bankers, brokers and servicers, realtors, appraisers, state and federal regulatory and law enforcement agencies, and community groups.
Her determination to protect her family and community led to the development of the Georgia Real Estate Fraud Prevention and Awareness Coalition, Inc. (GREFPAC). Fulmer is a co-founder and immediate past president of GREFPAC, a coalition of representatives from every segment of the real estate and lending industries, state regulators, local, state and federal law enforcement agencies and neighborhood victims. GREPAC’s success identifying fraud rings and its assistance in criminal prosecutions has garnered national recognition and serves as a model for fighting mortgage fraud. As a lawyer, Fulmer spent several years litigating insurance fraud cases. She has also served as an Assistant District Attorney prosecuting white collar crime, as a private detective specializing in mortgage fraud and as a civil litigator representing lenders in mortgage fraud cases. Fulmer’s expertise is often sought for assistance in researching and analyzing fraudulent transactions, identifying fraudulent schemes and perpetrators, and in the preparation of evidence for prosecutions.
Rachel M. Dollar
Lanahan & Reilley LLP
Rachel Dollar is a California attorney and recognized expert in the mortgage lending industry. She is the editor of the acclaimed public service industry website Mortgage Fraud Blog (www.mortgagefraudblog.com) which is committed to raising awareness of the growing problems associated with Mortgage Fraud. In 2005, she was recognized by Inman News as one of the 100 Most Influential People in Real Estate. From her earliest involvement in mortgage fraud matters, she has brought her litigation experience to industry-sponsored forums nationwide. She is a nationally recognized speaker and frequently teaches in-house seminars on mortgage fraud issues to lending professionals, QC/QA management and general counsel. Ms. Dollar acts in a consultative role on policy and procedure for mortgage lenders including the creation of lending documentation and direction of quality control practices. She frequently consults with licensing and local, state and national criminal agencies across the country on mortgage fraud matters. She is sought out regularly by the press to comment on mortgage fraud issues and cases and has contributed to and been quoted in news publications across the country. Ms. Dollar handles mortgage fraud litigation for lenders on a nationwide basis and has supervised successful complex mortgage fraud and RICO litigation in the federal courts, and complex litigation involving secondary market investors, mortgage insurers, loan servicers, and other financial service companies. She has been involved in the discovery, investigation, resolution and litigation of large-scale fraud schemes nationwide. Her practice includes complex commercial litigation, RICO litigation, secured creditor rights and title insurance litigation with a focus on closing protection letter claims, identity theft and closing agent conduct. She also handles matters concerning broker and fidelity bonds, appraiser and settlement agent errors & omissions policy claims and issues associated with repurchase.
Ms. Dollar is a partner in the law firm of Lanahan & Reilley, LLP where she chairs the firm's Mortgage Banking Group. She is licensed to practice law in California and maintains offices in Santa Rosa, California.
Senior Vice President
Aurora Loan Services LLC
Cheryl joined Aurora in 2003 as the Senior Vice President of the Quality Control Department. Soon after, she was given the responsibility of the National Client Relations department in the 4th quarter of 2004. In January of 2007 she was promoted to responsible oversight for Lehman Brothers Mortgage of the Americas for quality Control. Cheryl is a founding member of both the CMBA and MBA Quality Control Groups and is also recognized as a leading expert in Quality Control and Risk Mitigation. She has worked in the Mortgage Banking industry for 31 years with experience in Production Operations, Servicing, Quality Control, Underwriting as well as Compliance. While with Aurora Cheryl has built a risk based QC monitoring process in addition to new processes for client approvals, an endeavor that has been accomplished in partnership with Aurora and MCD Legal, Compliance, Operations, and Internal Audit. She has also worked to develop a lasting relationship with state and federal law enforcement in effort to protect the firm from losses in addition to developing fraud awareness training for all Aurora employees. She appeared on Lou Dobbs Moneyline on combating mortgage fraud, participated in mortgage fraud training for the FBI and has written several articles on Quality Control and Mortgage Fraud for industry publications.
Special Agent in Charge, Criminal Investigation Division
U.S. Department of Housing and Urban Development, Office of Inspector General
Anthony Medici, a native New Yorker, began his career with the federal government in 1975 as an Immigration Inspector at Kennedy Airport in New York. Since that beginning, he has worked at various federal agencies in New York, San Francisco, San Diego, Chicago, and Washington, DC, as a Special Agent, Supervisory Special Agent, and Special Agent in Charge. Anthony has experience investigating mortgage fraud, government benefit fraud, document fraud, white-collar crime, employee misconduct, and apprehending violent offenders and federal fugitives. Anthony is currently Special Agent in Charge, U.S. Department of Housing and Urban Development, Office of Inspector General, Criminal Investigation Division, Washington, DC.