Subprime lending practices and economic conditions have led to the mortgage melt-down causing a flood of foreclosures. Mortgage fraud and predatory lending practices have increased, creating a demand for forensic loan auditors and mortgage modification specialists. In order to qualify as a forensic loan auditor who performs a forensic file review one must have a strong understanding of mortgage loan documents and mortgage laws and guidelines at...more
A Forensic Mortgage Audit is a complete analysis of all the documents in your mortgage loan file. The purpose of a forensic mortgage audit is to uncover errors or violation of borrowers rights. Often, errors or violations are unintentional; however, still subject to penalization and liability to the lender or servicer involved at the time of origination.The findings in a forensic mortgage audit provide leverage for the firm representing the...more
Forensic loan audits can be used to stick-it-to predatory lenders and mortgage brokers who purposely take advantage of borrowers with unsavory or unethical business practices. A Forensic Audit, also referred to as Forensic Accounting, is the application of accounting methods for tracking and collecting data for the investigation and prosecution of criminal acts such as embezzlement and fraud. Predatory Lending is a term used to describe unfair, deceptive or fraudulent practices of some lenders during the loan origination process. Predatory Lending refers to dishonest or deceptive practices by lenders who take advantage of borrowers and home buyers.If you are the victim of predatory lending, you are a good candidate for loan modification and a forensic loan audit. Having a qualified team of professionals examine your closing documents to uncover errors or violations of your rights will add ammunition to be used against the lender.Forensic mortgage examiners have been successful in getting great results for victims of predatory lending or unfair mortgage practices, including:Recouping overcharges with back interestRefund of all interest paid since the origination dateReduced...more
Forensic loan audits are not just weapons that attorneys and mortgage modification services use to stick-it-to the bank. They are actually very good tools for the negotiation process when a distressed homeowner is facing foreclosure and they wish to modify their loan terms to have a more affordable and sustainable mortgage.Of course, finding and...more
Forensic mortgage audits are powerful tools for a loan modification attorney; but, they are not all the same! You cannot decide to use a certain company for this service based on price alone. In fact, if the price seems too good to be true, it probably is! The forensic mortgage audit must be performed by a certified forensic loan auditor in...more
Forensic loan audits are a useful tool for mortgage modification services; they add leverage to the distressed homeowners negotiation with their lender for loan modification. Unfortunately, like with many other great services, there are scammers who claim to be qualified in performing forensic loan audits. Forensic loan audits must be performed by qualified or certified firms to be of any value.Some companies take advantage of distressed homeowners who are so desperate for help that they will spend hundreds of dollars with a company who promises them a mortgage modification and a complete review of their mortgage documents.People who are working with a loan modification company should insist on a certified forensic loan audit. Beware of companies who offer these services for unreasonably low prices; these companies have not earned their degree in accounting or finance. They use software systems that may not be up to date or capable of catching the numerous errors that could exist. When forensic loan audits are properly conducted by certified, qualified firms, they uncover far more errors, and the end result is a complete report that increases a favorable result with mortgage...more
For those who are struggling with severe and multiple debts and need urgent funds, the loans being approved without credit check is a rewarding opportunity. Since the setting up of no credit check cash loans, it has paved the way for bad credit...more
Are you facing some sort of financial trouble which needs to be taken care on time? But your pockets are empty and you are in search of quick financial assistance? Then, payday loans with no faxing prove to be a suitable option in this situation...more
Bad debts are the matter of stress if you need loan assistance. If you required immediate additional funds and simultaneously suffering from various bad debts, this can be an extremely troubled situation for you. Do not worry as you have the great...more
Advancement of internet technology has proved extremely beneficial at financial front. Now if you are getting short on funds, you can directly go towards online cash advance for quick additional cash. Dont leave the comfort of your home or office and...more
You are facing mid month difficulty because of insufficient source of income? Need more of the funds to manage your cash crunches? Uncertain expenses cant be delayed for more days and need to have money urgently. For the quick financial help, same...more
Bad credit pay day loans is a blessing for those who got monthly salary but sometimes it is not enough to fulfill the day to day needs. So if one needs the extra money to meet the basic needs. It is a blessing for the salaried people who are in the...more