Program Description:
It is estimated that 15% of the cost of all goods and services in the US is a direct result of fraud. A recent FBI survey indicated that loan fraud was the largest category of all frauds. Various types of loan fraud present major challenges for financial institutions. Millions of dollars are lost annually to these fraudsters. Often, loan frauds are not even recognized for what they truly are, and the loans are simply charged off as bad credits. Don't be one of the many victims of loan fraud.
This two-hour course covers :
- Are you experiencing loan Losses?
- How to recognize and identify the problem(s)
- Don't ignore loan fraud
- Early warning signs and detection strategies
- Clues during the application process
- Reduce the opportunity for fraud
- Prevention strategies
- Solution techniques
- Collection/recovery strategies
Plus frequent question and answer sessions throughout this presentation.
Who Should Attend:
Loan officers, credit officers, platform personnel, managers, security officers, auditors, collections personnel.
Presenter:
Michael Caldwell is the Senior District Financial Crimes Investigator for Key Bank in Colorado. Mike has conducted hundreds of interviews for internal and external fraud. He has testified in federal, state, and local courts as an expert witness. In addition, he has conducted over 800 security training sessions. He has his CFE and CPP certifications and received his degree from Idaho State University.
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