Forensic Mortgage Analysis Explained (2009)

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Forensic Mortgage Analysis Explained

Our Forensic Mortgage Analysis services allows borrowers, lenders or mortgage modification companies to examine pre-close or post-closed loan documents for Federal and State specific financing guidelines.

The Forensic Mortgage Analysis Audit will identify possible payment calculation discrepancies, statutory violations and errors within the particular mortgage loan transaction.

The majority of loans have significant Federal and State violations resulting from carelessness or oversights by the lender and/or broker who originated the loan. These violations include the Real Estate Settlement Procedures Act “RESPA”, High-Rate / High-Fee Loans (HOEPA/Section 32 Mortgages), Truth and Lending (TILA), State Consumer Credit Regulations, Secondary Market Criteria and many other State Specific Regulations. These specific laws had been put in place to protect the homeowner. These mortgage finance violations carry very harsh financial penalties for the lender, and can result in legal consequences to the lender, such as forcing the lender to refund all ...

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Forensic Mortgage Analysis Explained

Our Forensic Mortgage Analysis services allows borrowers, lenders or mortgage modification companies to examine pre-close or post-closed loan documents for Federal and State specific financing guidelines.

The Forensic Mortgage Analysis Audit will identify possible payment calculation discrepancies, statutory violations and errors within the particular mortgage loan transaction.

The majority of loans have significant Federal and State violations resulting from carelessness or oversights by the lender and/or broker who originated the loan. These violations include the Real Estate Settlement Procedures Act “RESPA”, High-Rate / High-Fee Loans (HOEPA/Section 32 Mortgages), Truth and Lending (TILA), State Consumer Credit Regulations, Secondary Market Criteria and many other State Specific Regulations. These specific laws had been put in place to protect the homeowner. These mortgage finance violations carry very harsh financial penalties for the lender, and can result in legal consequences to the lender, such as forcing the lender to refund all interest paid back to the borrower or modifying the borrowers current loan.

The reason for the Forensic Mortgage Analysis is to provide the reader with an in depth third party investigation of the loan details, sequence of events when they happened, business and compliance practices by all 3rd parties involved throughout the Mortgage loan transaction. Our Comprehensive Forensic Audits are easy to read and comprehend and it articulates the specific statute violations revealed during the course of the investigation in detail. The Forensic Mortgage Analysis can shift the focus from a defensive to an offensive posture. This report can be used as motivation and a leveraging tool when negotiating with your lenders for more favorable loan terms. Lenders will often choose the most rational and fiscally sensible response when presented with the legal facts. When lenders review their legal options, a Loan Modification or Loan Work Out is the most financially sensible option. Avoiding foreclosure on a property saves the lender, attorneys to litigate and the risk of possible federal fines and penalties

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