In this presentation, we will be exploring mortgage fraud, it’s types and effective measures to tackle a mortgage fraud with guide from experts of the upcoming global finance and real estate event in Dubai.

1. Introduction To Mortgage Fraud-
A Guide By MoRE 2.0
Conference
Exploring one of the most prominent real estate fraud with
the leading finance and real estate conference in town!

2. Introduction
Real estate fraud is a serious issue that has been prevalent in the real estate industry for decades. It involves the
use of deceitful practices to deceive individuals or organizations in a real estate transaction. Real estate fraud can
take on many forms, including mortgage fraud, property flipping schemes, identity theft, and title fraud. The
perpetrators of these scams are often motivated by financial gain, and they may target vulnerable individuals or
organizations, including the elderly or those who are experiencing financial difficulties.
Real estate fraud is a raging concern in the real estate industry and is expected to be a major topic of discussion at
the upcoming MoRE 2.0 Conference, a global finance and real estate event in Dubai. At this international
platform, industry experts are all set to discuss the impact of real estate fraud on the global finance and real estate
markets. They will highlight the need for increased awareness and education to help prevent fraud in the industry.
The conference will serve as a platform for professionals in the real estate and finance industries to come together
and exchange ideas on how to address the challenges posed by real estate fraud.
By implementing effective fraud prevention measures such as proper due diligence, background checks, and the use
of secure technology in real estate transactions, the industry can reduce the risk of fraud and protect the interests
of all stakeholders involved in real estate transactions. The MoRE 2.0 Conference aims to provide valuable
insights into how the industry can work together to combat real estate fraud and safeguard the integrity of the
global finance and real estate markets.

3. What Is A Mortgage Fraud?
Mortgage fraud is a type of real estate fraud that involves the use of deceitful practices in a
mortgage transaction. At the upcoming MoRE 2.0 Conference, an international finance and
real estate event in Vegas and Dubai, mortgage fraud is expected to be a key topic of
discussion.
Mortgage fraud can take on many forms, including falsifying income and employment
information, misrepresenting the property value, or providing false documentation to lenders.
These fraudulent practices can result in lenders approving loans that borrowers would not
otherwise qualify for, or in borrowers obtaining more favorable loan terms than they are
entitled to.
Separate from real estate fraud in general, mortgage fraud poses unique challenges to lenders,
borrowers, and other stakeholders. By implementing best practices and effective fraud
prevention measures, the industry can reduce the risk of mortgage fraud and maintain the
integrity of the international finance and real estate markets. The MoRE 2.0 Conference is
expected to provide a platform for professionals in the industry to exchange ideas and
collaborate on strategies aimed to address the challenges posed by mortgage fraud.

4. The Importance Of Understanding A Mortgage Fraud
Understanding mortgage fraud is crucial for individuals and businesses involved in the finance and real estate
industry. Mortgage fraud occurs when a person or organization intentionally provides false information or withholds
important information during the mortgage process. It can occur at any stage of the mortgage process, including the
application, underwriting, or closing.
Mortgage fraud can have serious consequences for both the borrower and the lender. For borrowers, mortgage fraud
can lead to financial loss, damage to credit, and even foreclosure. For lenders, mortgage fraud can result in financial
loss, damage to reputation, and legal consequences.
One of the most common forms of mortgage fraud is income fraud, where the borrower provides false information
about their income. This can be detected through careful examination of tax returns, pay stubs, and bank statements.
Another form of mortgage fraud is occupancy fraud, where the borrower falsely claims that they will be living in the
property. This can be detected through on-site inspections, interviews with neighbors, and utility records.
Other forms of mortgage fraud include appraisal fraud, identity fraud, and property flipping fraud. Each of these types
of fraud has its own set of indicators, and it's important for attendees at a finance and real estate conference to
understand how to identify them.
In conclusion, understanding mortgage fraud is essential for anyone involved in the finance and real estate industry.
It's important to stay up-to-date on the latest techniques used by fraudsters and to know how to detect and prevent
mortgage fraud. One way to do that is by attending top finance and real estate conferences such as the MoRE 2.0
Conference. By doing so, individuals and businesses can protect themselves from financial loss, damage to reputation,
and legal consequences.

5. The MoRE 2.0
Conference
● MoRE 2.0 Conference is a global finance and real
estate event that is to be held in Dubai and Las
Vegas.
● The conference brings together leading experts,
investors, and decision-makers from the finance and
real estate sectors to discuss the latest trends,
challenges, and opportunities in these industries.
● The event covers a wide range of topics related to
finance and real estate, including investment
strategies, asset management, market analysis,
regulatory updates, and more.
● MoRE 2.0 Conference features keynote speeches,
panel discussions, interactive sessions, and
networking opportunities, providing attendees with
valuable insights and connections.
● Some of the key themes for the MoRE 2.0
conference include sustainable finance, digital
transformation, ESG (Environmental, Social, and
Governance) investing, and the future of real estate
in a post-pandemic world.
● Overall, the MoRE 2.0 conference is a must-attend
event for anyone involved in the finance and real
estate industries who wants to stay up-to-date with
the latest trends and network with other professionals
in these fields.
A quick overview of the most
anticipated finance and real
estate conference

6. DIFFERENT
TYPES OF
MORTGAGE
FRAUD

7. Inflated Appraisals
Inflated appraisal is a fraudulent practice where the value of a property is artificially
inflated in order to obtain a larger mortgage loan or a higher sale price. This is usually
done by colluding with an appraiser to overstate the value of the property or by providing
false information about the property's features and condition.
This type of mortgage fraud can have startling consequences for both the lender and the
borrower. Lenders may suffer financial losses if the borrower defaults on the loan, as
they may not be able to recover the full amount of the loan if the property's value is lower
than the loan amount. Borrowers may also suffer if they are unable to repay the loan, as
they may be left with a property that is worth less than they paid for it.
At the MoRE 2.0 Conference, a leading finance and real estate conference, experts will
discuss the various forms of mortgage fraud, including inflated appraisal, and the steps
that can be taken to prevent it. They will also provide insights into the latest tools and
techniques that can be used to detect and prevent mortgage fraud in the real estate
industry.

8. Fake Income Statements
At the MoRE 2.0 Conference, a prominent international finance and real estate event in Vegas, a topic
that may come up is the issue of mortgage fraud and the use of fake income statements.
In this type of fraud, a mortgage applicant may falsify their income on their loan application, providing
a fake income statement that appears to show a higher income than what they actually earn. This can
be done by creating false documents or altering existing ones, such as pay stubs or tax returns, to
reflect a higher income.
The motive for this type of fraud is typically to qualify for a larger mortgage than the applicant could
otherwise afford based on their actual income. This can lead to a situation where the borrower takes on
a mortgage that they cannot afford, which can result in default and foreclosure, causing financial harm
to both the borrower and the lender.
Lenders may also suffer losses if they do not properly vet the borrower's income and approve a
mortgage based on fraudulent information. This can lead to reputational damage for the lender and, in
some cases, legal action.
Therefore, it is important for lenders to thoroughly verify a borrower's income and other financial
information before approving a mortgage.

9. Straw Buyers
A straw buyer is a person who agrees to purchase a property on behalf of someone else, usually
for a fee or commission. This is often done in order to obtain a mortgage that the actual buyer
would not be able to qualify for on their own.
In a typical straw buyer scheme, the actual buyer is someone with poor credit or insufficient
income to qualify for a mortgage. The straw buyer, who has better credit and income, applies for
the mortgage and purchases the property in their name. Once the mortgage is secured, the
property is transferred to the actual buyer, who then makes the mortgage payments.
This type of arrangement is illegal and is considered mortgage fraud because it involves
misrepresenting information on the mortgage application. The straw buyer may be complicit in
the fraud or may be deceived into thinking they are helping a legitimate buyer.
At the upcoming MoRE 2.0 Conference, which is a leading finance and real estate conference,
experts are likely to discuss the various ways in which straw buyers are used in mortgage fraud
schemes, as well as strategies for preventing and detecting this type of fraud. This topic is
especially important in light of the current housing market and the increased scrutiny on
mortgage lending practices.

10. Flipping Schemes
Flipping schemes occur when a real estate investor purchases a property and quickly
resells it at an inflated price to an unsuspecting buyer. The investor typically falsifies
information on the mortgage application to secure financing for the property and then
pockets the difference between the actual sale price and the inflated price.
This fraudulent practice can have devastating effects on the real estate market and the
financial system as a whole. Flipping schemes artificially inflate property values, which
can lead to a housing bubble and subsequent market crash. Additionally, when borrowers
default on their mortgages due to the inflated prices, lenders can suffer significant losses.
Attending international events like Dubai's global finance and real estate, the MoRE 2.0
Conference, could be a great option to gain more awareness on the subject.

11. Equity Skimming
Equity skimming is another type of mortgage fraud that involves purchasing a property with the intention of defrauding
lenders and investors. At the upcoming MoRE 2.0 Conference, an international finance and real estate event in Vegas,
experts will discuss the prevalence of equity skimming in the industry and ways to prevent it.
Here is how equity skimming works:
When someone purchases a home with a mortgage, they gradually build up equity in the property as they make their
mortgage payments. Equity is the difference between the value of the property and the amount still owed on the
mortgage. Equity skimming involves stealing this equity by using fraudulent means.
One common way that equity skimming occurs is when a fraudster convinces a homeowner to transfer ownership of their
property to them, often by promising to help the homeowner avoid foreclosure or to pay off their mortgage. The fraudster
then rents out the property and collects rent payments without making mortgage payments or paying property taxes.
They may also take out a second mortgage on the property and pocket the cash.
The homeowner is left with nothing - they've lost their property, their equity, and possibly their credit rating.
Meanwhile, the fraudster has made a profit by stealing the equity in the property.
Equity skimming is a serious crime and can result in fines, imprisonment, and other penalties. Homeowners struggling to
make their mortgage payments should be cautious of anyone who offers to help them avoid foreclosure or pay off their
mortgage, even more so if the offer seems too good to be true. It's important to work with reputable professionals and to
seek advice from a trusted attorney or financial advisor if you're facing financial difficulties related to your mortgage.

12. How To Combat A Mortgage Scam?
Mortgage fraud is a serious issue that can cause significant financial harm to individuals and institutions alike. To combat mortgage
fraud, there are several measures that can be taken, including education, due diligence, and collaboration.
One effective way to stay informed about the latest developments in mortgage fraud is to attend finance and real estate events such
as Dubai's global finance and real estate conference, the MoRE 2.0 Conference. These global conferences provide an
opportunity to learn from experts in the field, network with peers, and stay updated on the latest trends and best practices.
Here are some key strategies that can help combat mortgage fraud:
1. Education: One of the best ways to prevent mortgage fraud is to educate yourself on the common types of scams and
frauds. This includes understanding the different types of fraud, such as appraisal fraud, income fraud, and occupancy fraud,
as well as the red flags that may indicate a fraudulent loan application. Attending finance and real estate conferences can be
an excellent way to learn about these issues from industry experts.
2. Due Diligence: Another important strategy is to conduct thorough due diligence on all mortgage applications. This includes
verifying income and employment, checking credit scores, and verifying that the borrower has the assets necessary to make
the down payment and cover closing costs. It's also important to perform a title search to ensure there are no liens or other
encumbrances on the property.
3. Collaboration: Collaboration is key to combating mortgage fraud. This involves working closely with other industry
professionals, including real estate agents, lenders, and appraisers, to identify and prevent fraudulent activity. Sharing
information and best practices can help everyone stay informed and vigilant.
By taking these steps, individuals and institutions can help prevent mortgage fraud and protect themselves from financial harm.
Attending finance and real estate conferences can be a valuable tool in this effort, providing education, networking opportunities,
and access to the latest information and best practices.

13. Conclusion
Mortgage fraud is a serious issue that can have significant financial and legal consequences. As we have seen
in this presentation, mortgage fraud can take various forms and can be perpetrated by a range of actors.
However, there are steps that individuals and institutions can take to prevent and combat mortgage fraud,
including education, due diligence, and collaboration.
Attending international finance and real estate events such as the MoRE 2.0 Conference in Vegas and
Dubai can be an excellent way to stay informed about the latest trends and best practices in mortgage fraud
prevention. These conferences provide opportunities to learn from industry experts, network with peers, and
gain valuable insights into the complex world of real estate finance.
As the real estate market continues to evolve, it is more important than ever to remain vigilant and informed
about the risks of mortgage fraud. By staying up-to-date on the latest developments and best practices, we
can work together to protect ourselves, our businesses, and our communities from the damaging effects of
mortgage fraud.

14. Thank You!
This presentation is prepared by:
Aayushi Kapil,
Manager, MoRE 2.0 Conference