Fraud

The New Fraud in Town: Business Identity Theft

By |2025-05-09T09:50:36-05:00October 18th, 2023|Editorial, Featured, Fraud|0 Comments

As our industry grows and gains credibility among borrowers and investors, private lenders must proactively guard against a concerning new digital risk. "Imagine you’re at home one night and receive a phone call from a borrower. He asks if you’ll be funding his loan, reminds you of the fee he paid, and wonders why you [...]

By |2025-05-09T09:50:36-05:00October 18th, 2023|Editorial, Featured, Fraud|0 Comments

Mortgage Fraud—The other “F” Word!

By |2025-05-09T09:50:54-05:00July 23rd, 2023|Fraud, Operations|0 Comments

Understanding what to look out for will help you recognize the house of cards scenarios fraudulent borrowers may attempt to build. As a private lender, mortgage fraud is and should be one of your biggest concerns. It’s not just a serious crime, it’s a headache that can cause you to lose money, time, and reputation. [...]

By |2025-05-09T09:50:54-05:00July 23rd, 2023|Fraud, Operations|0 Comments

Wire Fraud in Real Estate Transactions

By |2025-05-09T09:51:02-05:00August 31st, 2022|Fraud, Operations|0 Comments

Stay alert to these red flags in the titling and settlement process to protect yourself and your clients from fraud. According to the latest FBI Internet Crime Compliant Center’s report, in 2021, losses from cybercrime in the real estate/rental category reached $350,328,166. The total amount of losses reported for internet crime was $6.9 billion! One [...]

By |2025-05-09T09:51:02-05:00August 31st, 2022|Fraud, Operations|0 Comments

Lending to a Fraudster: A Cautionary Tale

By |2025-05-09T09:51:08-05:00April 24th, 2022|Fraud, Operations|0 Comments

Dedicate the time to properly evaluate the borrower. If you are a private lender, your primary goal is ensuring you get paid back. The best way to improve those odds is to scrupulously follow your due diligence checklist. Your checklist may include engaging an appraiser, performing a property inspection, running a background check, obtaining a [...]

By |2025-05-09T09:51:08-05:00April 24th, 2022|Fraud, Operations|0 Comments

How Can Private Lenders Help Prevent Borrowers From Getting Scammed?

By |2025-09-16T11:08:40-05:00September 13th, 2021|Advertising, Ethics, Featured, Fraud|0 Comments

Each quarter, we ask one of our committees to weigh in on a topic. These broad, open-ended questions allow for a wide range of responses to better explore the full scope of an issue. This quarter, we asked our Ethics Advisory Committee to tell us what they think private lenders can (and should!) be doing [...]

By |2025-09-16T11:08:40-05:00September 13th, 2021|Advertising, Ethics, Featured, Fraud|0 Comments

Private Lender Scam Alert: What You Need to Know

By |2025-05-09T09:52:26-05:00April 29th, 2020|Ethics, Featured, Fraud, Honesty, Leadership|0 Comments

AAPL can help you identify scammers and offers important tips for curtailing their activity. “Hello, you’ve reached the American Association of Private Lenders. How can I help you?” “Hi, I don’t know if I’m calling the right place, but I found you online and was wondering if you could help me. I wanted to check [...]

By |2025-05-09T09:52:26-05:00April 29th, 2020|Ethics, Featured, Fraud, Honesty, Leadership|0 Comments

Fraud-Resistant, not Fraud-Proof

By |2025-05-09T09:51:14-05:00August 6th, 2018|Ethics, Fraud, Uncategorized|0 Comments

It is important for all lenders to know that there is no such thing as preventing fraud or being fraud-proof. To think you are fraud-proof opens you up to lax behavior and ultimately, puts you at greater risk. What we can do as lenders, is think about how to be fraud-resistant, and thereby remain vigilant [...]

By |2025-05-09T09:51:14-05:00August 6th, 2018|Ethics, Fraud, Uncategorized|0 Comments

Fraud Protection: From the First Call

By |2025-05-09T09:51:22-05:00August 1st, 2018|Fraud, Strategy|0 Comments

As if the life of a real estate investor isn’t hectic enough, fraud looms over every transaction. As real estate investing as a whole grows more popular, it is reasonable to believe that so will fraud in the industry. There is research to support that the industry is currently an easy target for fraudsters due [...]

By |2025-05-09T09:51:22-05:00August 1st, 2018|Fraud, Strategy|0 Comments

Accepting Paypal, Venmo or Zelle

By |2025-05-09T09:53:25-05:00July 26th, 2018|Fraud, Servicing|0 Comments

Opportunity or Minefield for Lenders? Borrowers, especially millennials, love peer-to-peer payment apps. Apps such as PayPal, Venmo, Zelle, amongst others, eliminate the hassle of writing checks. With the proliferation of their use, private and institutional lenders are wondering if they should indulge their borrowers and start accepting payments from these apps? The short answer is [...]

By |2025-05-09T09:53:25-05:00July 26th, 2018|Fraud, Servicing|0 Comments

Fighting Fraud: How SBA Lenders Can Avoid FCA Violations.

By |2025-05-09T09:51:29-05:00March 24th, 2017|Fraud, Legal|0 Comments

The U.S. Small Business Administration (SBA) provides loan programs available at most banks and commercial lending that are U.S. government-backed and guaranteed. Each year, the administration guarantees billions in loans and assists thousands of U.S. small businesses with obtaining financing that may otherwise not be available to them from traditional outlets. Although the SBA does [...]

By |2025-05-09T09:51:29-05:00March 24th, 2017|Fraud, Legal|0 Comments

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