Forensic Loan Audits

Another situation that has been resolved through Loan Modification is getting homeowners out of predatory loans. Many homeowners are struggling only because they have a fraudulent loan or a loan that violates their federally protected consumer rights. These are known as predatory loans.

A forensic loan audit shows that 79% of all Mortgage Loans entered into by Lenders, in the last several years,  have not been in compliance with federal and state requirements.  All mortgages must comply with fair lending laws. Any error or omission on the part of a lender or their agents constitutes a violation. Our forensic loan audit team verifies compliance with the following:       

·         State and Federal Predatory Lending Laws        

·         Real Estate Settlement & Procedures Act (RESPA)        

·         Truth in Lending Act (TILA)        

·         Home Mortgage Disclosure Act (HMDA)  

·         Home Ownership and Equity Protection Act (HOEPA)    

·         Equal Credit Opportunity Act (ECOA) and more...

Our Comprehensive 3 step Forensic Loan Audit process results in the most advanced Forensic Loan Audit in the industry. We begin with highly specialized proprietary software which identifies potential violations and reverse engineer the terms of your loan. Our team of industry experts then reviews the software findings and performs a detailed manual hand audit.  Finally, a comprehensive review is conducted and a detailed report is prepared.

Do not be at a disadvantage and try to modify Your Loan without Professional Assistance.  Yes, you can attempt to work directly with your lender to get your loan modified however you will have no leverage without an audit.

The main problem with loan modifications is that homeowners who are attempting to work directly with their lenders and or their servicers are often subjected to a number of collections tactics before the loan is modified.

They are put through a number of qualifying steps, which trained professionals are more able to help the homeowner comply with and prepare for, thus improving their overall success rate in getting their home loan modified in their behalf not the banks.

Another critical issue that plagues homeowners is the time away from work as you attempt to get your loan modified. You, the homeowner must have available each week to stay on top of the process with your lender. This added job is often impossible for homeowners to take on.

Finally, those who do not have a legal or financial background are not as able to discuss, negotiate and maneuver through the process with their lenders.  Simply, this is because they lack the essential background that trained professionals have and use in your behalf.  It has been proven time and time again that not having trained representation in critical areas often works against you.

Representatives in the Lenders' Loss Mitigation Departments deal with literally hundreds of requests per day. Our Forensic Loan Audit will help your case stand out from the pack. When dealing with Loss Mitigation Departments our Forensic Loan Audit gives you the leverage you need to expedite negotiations.

In conclusion, our Forensic Loan Audit benefits include:

·         Increased Loan Modification Success Rate

·         Even Lower Interest Rate Achievable

·         Average 7 Business Day Audit Turnaround Time

·         Faster Loan Modification Approval

·         Expert Audit Analysis

·         Detailed Client Report