Forensic Loan Audits

A Forensic Loan Audit is an important tool to negotiating a successful loan modification with the majority of lenders. The process is referred to under several different names including a Mortgage Loan Audit, Forensic Audit and Forensic Document Review. The primary purpose of the audit is to determine if there are any lending violations performed by your lender. Statistics show that a high percentage of loans granted over the last five years have some sort of violation of serious real estate laws.

The federal government mandates that all home loans must follow strict lending laws. Any slight violation by the lender or an agent of the lender is an actionable violation. Our professional auditors confirm compliance with all of the following laws and regulations:

» State and Federal Predatory Lending Laws
» Real Estate Settlement & Procedures Act (RESPA)
» Truth in Lending Act (TILA)
» Home Mortgage Disclosure Act (HMDA)
» Fair Housing Act (FHA)
» Equal Credit Opportunity Act (ECOA) and more

In order to accurately discover these violations a Forensic Loan Audit is necessary by a qualified forensic loan auditor and real estate attorney. When violations in the lending terms or process are found, the negotiation process with the lender is much quicker and the borrower’s position is much more powerful because it is far more expensive for any lender to engage in litigation than modify a loan. Our trained auditors will meticulously dissect your loan in order to find any predatory lending issues which will be highly beneficial to the ultimate loan modification.

As you do your research, make sure to find a company that can perform a thorough forensic loan audit by qualified and experienced professionals. A Forensic Loan Audit could be the difference between success and failure of your loan modification.