BEST OF THE LEGAL HOTLINE LIVE:
Mortgage Manipulation – It's Not Nice to Lie to Lenders and Underwriters.
In Fact, it's a Crime

Now Available On Demand through September 24  

 

One of the fastest growing areas of criminal activity in financial crimes is mortgage fraud. Fraud involves two parties: one makes a false statement of fact material to the business involved and the other party relies on that statement to his or her detriment. Additionally, predatory lending has many characteristics that include high-pressure sales tactics and exceedingly high interest rates and inflated fees charged to homeowners regardless of their credit history. As a real estate professional looking out for your clients' best interests, it's important to understand and help your clients avoid these risky financial hazards.

Highlights:
 

• Defining mortgage fraud and predatory lending
• How extensive mortgage fraud is in Wisconsin
• Typical mortgage fraud schemes in Wisconsin
• "Trigger Leads" in home buying
• How a broker may be involved in fraud
• How to proceed if you suspect mortgage fraud
• Warning signs of mortgage fraud or predatory lending
• What to do when lenders won't share paperwork with buyer
• How to help clients avoid predatory lending

System Requirements

Price

$9.95 / members
$12.95 / non-members

About the Panel

Kevin King, Moderator

Kevin King is general counsel for the WRA, where he works with brokerage offices and local association and MLS professional staffs.

Kevin was the executive vice president of the REALTORS® Association of South Central Wisconsin for 10 years before joining the WRA . Prior to that he was a staff attorney with the WRA for eight years. He holds a BBA in real estate from the UW - Milwaukee and a JD from Oklahoma City University Law School. He has 12 years of real estate sales and brokerage experience.

Ken Dickson, Former Executive Officer of the Wisconsin Mortgage Bankers Assoc.

Ken began his career in real estate by graduating from the Anthony Prepatory School of Real Estate in Redding, CA in the spring of 1981.  He was a full time Realtor in Red Bluff, CA from 1981 to 1983.

Ken has been engaged in the real estate sales and lending industry for 26 years and has experience in retail, wholesale and sub-prime mortgage lending.  He is currently the Senior Vice President of Johnson Bank – Madison and is responsible for sales, training and business development for all lines of business offered through Johnson Financial Group (JFG).  JFG is privately owned by the SC Johnson Family, Inc. based in Racine, Wisconsin.

Ken is a past President of the Madison Chapter of the Wisconsin Mortgage Bankers Assoc., a former executive officer of the Wisconsin Mortgage Bankers Assoc. and currently serves on the Board of Directors for the Wisconsin Realtors Assoc.

Joseph A. Theisen, President of the Wisconsin Association of Mortgage Brokers

 

Branch Manager/Certified Mortgage Planner

Fairway Independent Mortgage Corp