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Denver Mortgage Fraud Seminar Will Bring
Together Top Professionals in Real Estate and Law Enforcement
On Thursday, May 4th and Friday, May 5th, a ground breaking conference
will be held at Denver’s Merchandise Mart that will bring together
industry professionals, both local and national, to communicate with
each other in an effort to combat the epidemic of mortgage fraud.
Colorado ranks number two in the nation in the number of property
foreclosures in 2005 and remains listed as one of the top ten hot spots
for mortgage fraud in the nation.
Ivor J. Hill, who is coordinating the groundwork for the seminars, is
an active advocate for fair and ethical appraisal practices.
Hill, who spoke last week at the National Community Reinvestment
Coalition Conference on Capital Hill in Washington DC, and has recently
been named to the Colorado Attorney General’s Mortgage Fraud Task
Force, has worked tirelessly with real estate, regulatory, and
enforcement authorities to promote professional ideals that benefit
both the industry and consumers.
With the Denver seminars, it is Hill’s goal to bring together all
disciplines that are concerned with Mortgage Fraud and establish a
grassroots movement to enable professionals to work in unison in the
fight against mortgage fraud.
“Previously,” Hill states, “various entities concerned with real estate
transactions were not operating from the same page. This seminar
provides the means for all of us to realize how we can effectively
combat fraud by working together and maintaining open lines of
communication.”
Speakers at the Denver conferences will include:
Dan Bradley,
Federal Bureau of Investigations Senior Supervisory Special Agent, who
will discuss the rapid growth in real estate fraud, the roles of the
co-conspirators, the criminal violations involved, and the short and
long term community impact due to real estate fraud.
Noted Real Estate Attorney Oliver E.
Frascona, of Frascona, Joiner, Goodman and Greenstein, P.C., who
will address topics including down payment schemes, cash incentives to
buyers, and entrapment of loan fraud. (Thursday, May 4).
Jonathan A. Goodman,
of Frascona, Joiner, Goodman and Greenstein, P.C., who will speak about
how the momentum of the deal sometimes blinds honest professionals and
sellers to loan fraud and intends to implant some latent alarms which
will sound off when encountering loan fraud.(May 5).
Scott Storey,
District Attorney for Jefferson County, will discuss with the audience
his views on mortgage fraud and examine successful mortgage fraud
prosecutions within Jefferson county.
Jeff Bernard,
President of the Denver Board of Realtors, will analyze the
responsibilities of the Realtor regarding the accuracy of reporting
data and the responsibilities of Realtors to their respective State and
MLS boards.
Lou Garone,
Review Appraiser for Aurora Loan Services and Past Chairperson of the
Colorado Board of Real Estate Appraisers, will discuss appraiser
compliance with The Uniform Standards of Professional Appraisal
Practice, State Statute regarding appraiser obligations, and the
procedure for appraisal related complaints for the State of Colorado.
David Brerenbaum, Executive Vice President for the National Community
Reinvestment Coalition will recognize the prevalence of pressure on
appraisers to inflate values and speak about NCRC’s vision for The
Center For Responsible Appraisals and Valuations which creates a code
of conduct to insure independent and responsible valuation practices by
lenders, appraisers, appraisal management firms and other business
entities involved in real estate transactions.
G. Glen Bartholomew,
the President of the Colorado Association of Mortgage Brokers and
co-author of the 2003 Sunrise Application for the regulation of
Mortgage Brokers in Colorado, will give an update on current
legislation and discuss the importance of licensing Brokers in Colorado
to impede the growth of mortgage fraud and prevent those previously
convicted of fraud related crimes or licensing revocations to practice
as a mortgage broker in Colorado.
Jan Michael Zavislan,
Deputy Attorney General for Consumer Protection at the Colorado
Attorney General’s Office, will talk about the work being done by the
Attorney General’s Mortgage Fraud Task Force and discuss the types of
mortgage complaints received in his office as well as commenting on the
current proposals to regulate mortgage brokers.
These seminars are a not a for-profit program. The incentive for
these seminars is to bring together notable experts from various
disciplines to enable all professionals to work as a team when
combating fraud. All individuals involved in this program believe
so strongly that this combined effort will be a turning point in
halting mortgage fraud in Colorado that they have volunteered their
time and energy.
These conferences provide an exceptional opportunity to gain insight
into the mortgage fraud dilemma by learning the various views of
dynamic and highly respected speakers from real estate and enforcement
fields and also to meet with, learn from, and exchange views with other
top professionals. Admittance to the seminars is limited,
walk-ins will not be permitted and registration will be filled on a
first-come basis. The cost for a full day course is $65, which
includes beverages, lunch, all printed materials, and certificates for
continuing education if applicable. Eight hours of continuing
education credit have been approved by the Colorado Board of Real
Estate Appraisers.
For more information, a complete list of speakers and topics, or to
download enrollment forms, log-on to http://www.
ijhillappraisalservices.com. If you have any additional
questions, e-mail mortgagefraud@ ijhillappraisalservices.com.
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