The Excluded Parties List System (EPLS) is an electronic searchable database listing all persons suspended or disbarred from receiving federal contracts or benefits. Settlement agents, title and escrow companies are subject to suspension or debarment if it has been determined they acted inappropriately on a transaction involving the U.S. government. Access to EPLS is free and only contains the names of individuals or companies who have been suspended or debarred by the federal government.
ALTA Board Member Frank Pellegrini testified today at a House Financial Services Subcommittee on “Strengthening Oversight and Preventing Fraud in FHA and other HUD Programs.” Pellegrini, President of Prairie Title in Chicago, IL, told Members of Congress, "title professionals enjoy a unique vantage point from which to observe, identify and thwart instances of fraud. Title agents are the independent third party to the transaction whose only interest is to the integrity of the transaction and the protection of our customers. Through training and experience, we hone our ability to spot improper transactions every day."
FREDDIE MAC - Avoiding Mortgage Fraud
Layman’s guide to Mortgage Fraud, including examples and links to assistance.
MBAA-MBA Fights Mortgage Fraud
Complete one stop web sites for mortgage fraud information and news. Links to the FBI and reports by the Mortgage Asset Research Institute reports on Mortgage Fraud.
A comprehensive overview of mortgage fraud in the US, Including links to news, real stories, and statistics.
Information on reporting mortgage fraud to law enforcement as well as news regarding mortgage fraud.
National Association of Realtors - Field Guide to Mortgage Fraud
A compendium of mortgage fraud resources. Includes links to both federal and state law enforcement and regulators. Consumer friendly explanations of mortgage fraud to assist consumers protect themselves.
Allows consumers to track changes to their credit history and prevent erroneous and fraudulent transaction using their identity.
FTC - Identity Theft
A comprehensive web site on identity theft and its impact on consumers. Provides assistance to consumers who suspect they are the victim on identity theft.
FTC - Understanding Mortgages
Provides information about mortgages and the home buying process. Helps consumers defend themselves from being the victims of mortgage and foreclosure assistance scams.
BITS - Mortgage Fraud Prevention: An Education and Awareness Toolkit for Consumers A report on mortgage fraud and how to avoid becoming a victim. Gives examples of common schemes and tips for obtaining a legitimate mortgage.
Treasury Department FINCEN – Mortgage Fraud
News releases, reports, speeches and testimony from the Financial Crimes Enforcement Network