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(EMAILWIRE.COM, October 19, 2006 ) Chicago - www.preventmortgagefraud.com announces it newest online course for mortgage and real estate education.Everything You Need to Know about the Good Faith Estimate (GFE) is a concise, but comprehensive, overview of the facts about the GFE, regulations and rules regarding preparation and delivery of the form to a borrower, and penalties for failure to conform to the regulations. We will also explore the relationship between the GFE and the Form HUD-1 (and/or HUD-1A). We will consider the role of the GFE in mortgage fraud prevention and how to explain the GFE to borrowers or it is great learning tool for borrowers to understand the process on their own. The final section of the course will address the correct completion and delivery of the form.Everyone who has even minimal experience in the mortgage lending knows that borrowers handle the documents we provide to them differently. Some read every line with the greatest care and ask questions about fees and the amounts of certain charges. Others simply fold up the paper and put it in their pocket where it will be filed somewhere never to be found again. Yet there is a reason we are required to provide certain disclosures to borrowers. First, the forms answer questions for the borrowers who read them. Second, by reviewing and explaining the form to borrowers, we can help them understand the charges they will incur at settlement -- which is the purpose of providing a GFE. Third, providing the form can protect all of us in many ways. About Preventmortgagefraud.com Headquartered in Denver, Co. Preventmortgagefraud.com is a leading educator and investigator of real estate fraud in the United States of America. Mortgage and Real Estate transaction clients nationally have benefited from their on suite of educational fraud prevention services. The company's core offerings include the book “ An American Epidemic, Mortgage Fraud a Serious Business”, a total guide for all Managers, Originators, Processors & Assistants, great for all New & Experienced Mortgage & Real Estate Professionals, Fraud Solutions Classroom Workshops, Webinar Training for Loan officers, real estate agents, operational staff and compliance personnel, Forensic Loan File Review 3rd Party full forensic review, provides a full file review documenting mortgage fraud findings and as well as provide additional documentation and verifications, Written Mortgage Fraud Opinion Review mortgage fraud files and prepare a package for management decision on how to move the fraud case to the next level, civilly criminally or both. The files are compiled and completed to be sufficient for decisions of legal filings or loss recovery actionsContact:NexWest Inc.Michael RichardsonTel: 303-238-6200
Preventmortgagefraud.com
Michael Richardson
michaelr@preventmortgagefraud.com 
Source: EmailWire.com
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