Fraud Prevention

Mortgage Fraud—The other “F” Word!

By |2023-07-24T15:30:35-05:00July 23rd, 2023|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 |2023-07-24T15:30:35-05:00July 23rd, 2023|Operations|0 Comments

Wire Fraud in Real Estate Transactions

By |2022-08-29T11:00:22-05:00August 31st, 2022|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 |2022-08-29T11:00:22-05:00August 31st, 2022|Operations|0 Comments

Last Call: If it Sounds Too Good to Be True…

By |2020-12-11T19:07:45-06:00December 11th, 2020|Last Call|0 Comments

As lending restrictions tighten, make sure you aren’t being contacted about a great offer by a scammer impersonating a legitimate lender. I guide investors on how to make money in the real estate business. I’ve traveled nationally presenting seminars to both beginners and experienced investors. As a licensed, HUD-approved mortgage lender/broker, private lender, contractor, and [...]

By |2020-12-11T19:07:45-06:00December 11th, 2020|Last Call|0 Comments

Fraud-Resistant, not Fraud-Proof

By |2021-06-08T14:12:40-05:00August 6th, 2018|Ethics, 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 |2021-06-08T14:12:40-05:00August 6th, 2018|Ethics, Uncategorized|0 Comments

Fraud Protection: From the First Call

By |2021-06-08T12:52:52-05:00August 1st, 2018|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 |2021-06-08T12:52:52-05:00August 1st, 2018|Strategy|0 Comments

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