today's business arena, wasteful and abusive actions in real estate
transactions can occur in both the public and private sectors. For example, in
2018, it is estimated that total revenue to fraud, waste and abuse amounted to at least 11% and perhaps as much as 25% in cost to lenders.
The mortgage banking and real estate industries demand the reduction of risk and exposure, as do their regulators. These individual courses and the CCP bundled training program will help to establish uniform standards in the practice and help ensure that our industry is properly educated and trained to be quality, knowledgeable, and ethical professionals."