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Mortgage Fraud Prevention Course Now Available From First American

August 20, 2007

Mortgage Fraud Prevention Course Now Available From First American

ST. PETERSBURG, Fla. – First American Title Insurance Company is making available an online training program designed to help escrow, title insurance, lending and real estate industry professionals better recognize and prevent various types of mortgage fraud. Offered by First American’s SouthEast University, a division of First American Title’s Southeast/Mid-Atlantic division, the new self-paced, easy-to-understand course is offered for $14.99 per participant—with discounts available for groups of 10 people or more—and can be completed in approximately 1 hour using any Internet-connected computer. The training modules, accessible at http://seu.firstam.com, are available for 90-days from the date of enrollment. 

The course is the most recent addition to First American SouthEast University’s selection of training modules designed to help real estate and mortgage lending professionals comply with regulations, better service their customers and boost the success of their businesses. 

“Mortgage fraud has reached epidemic proportions and impacts all parts of the real estate industry,” said Michael W. Conway, division president for First American Title Insurance Company. “As one of the largest title insurance and real estate information companies in the world, First American is uniquely qualified to teach industry professionals how to recognize inflated appraisals, overstated income and other forms of mortgage fraud. We see this as not only in the best interests of our business, but also in the best interests of our communities and the overall economy.”

According to the Federal Bureau of Investigation, mortgage fraud is one of the fastest growing white collar crimes in the United States, with reported cases having more than tripled since 2004. While technological advances are helping industry professionals better detect possible fraud during the loan application process, better training of those within the real estate, mortgage lending and settlement services business is generally acknowledged as equally important to preventing this type of crime. “This is the best class for escrow as it pertains to mortgage fraud I’ve ever seen,” said Patty Beverly, a past president of the California Escrow Association. 

For more information or to register for the course, please visit First American’s SouthEast University online learning center at http://seu.firstam.com.

Source: First American Title Insurance Company



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