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Articles about forensic loa (0-9 of 9)
- Forensic Mortgage Audits Add Leverage For Distressed Homeowners
By: Nichole Jackson | - Forensic mortgage audits are being used as leverage for attorneys and mortgage modification experts to negotiate affordable work out plans with borrowers facing foreclosure. Studies show that at nearly 80 percent of mortgage loans contain State and Federal Violations.
Many mortgage loans originated during the years 2001 2005 contained legal violations; some were unintentional; some were blatant acts of fraud. The mortgages originated during this time frame were large contribut ...
Tags: forensic mortgage examination, forensic review, forensic loa
- Forensic Loan Audit: A Weapon For Distressed Homeowners Fighting Back
By: Nichole Jackson | - Homeowners who have adjustable rate mortgages, are victims of predatory lending, or individuals who are having trouble making their mortgage payments now have a new weapon to add to their arsenal for negotiating power with their lender.
What is there to negotiate?
Mortgage modification is often a desirable option for homeowners facing foreclosure. Some lenders will agree to modify the terms of the mortgage to make it affordable for homeowners to keep their homes. Th ...
Tags: forensic mortgage examination, forensic review, forensic loa
- Why Perform A Forensic Loan Audit?
By: Nichole Jackson | - Forensic Loan auditing is necessary to determine mortgage loan enforceability in the event of predatory lending or fraudulent mortgage practices. There are several reasons a law firm or mortgage modification company would perform a forensic audit.
Performing a forensic audit demonstrate to clients that the company employs a team of professionals who are diligent and thorough in pursuing all available remedies and solutions. The findings in a forensic audit are a critical part of u ...
Tags: forensic mortgage examination, forensic review, forensic loa
- Forensic Loan Audits For Mortgage Modification
By: Nichole Jackson | - 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 the time of origination.
Tags: forensic mortgage examination, forensic review, forensic loa
- Forensic Auditors: Help For Victims Of Predatory Lending
By: Nichole Jackson | - 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.
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.
Tags: forensic mortgage examination, forensic review, forensic loa
- Forensic Loan Audits: Sticking It To Predatory Lenders
By: Nichole Jackson | - 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 fraudule ...
Tags: forensic mortgage examination, forensic review, forensic loa
- Forensic Loan Audits And Reducing Mortgage Payments
By: Nichole Jackson | - 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 pointing out the errors do help provide leverage for the loan modification negotiations. Errors in calculation or violation of borrower ...
Tags: forensic mortgage examination, forensic review, forensic loa
- Forensic Mortgage Audits: They Are Not All The Same!
By: Nichole Jackson | - 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 order to be of value. There are other elements in a forensic loan audit that you need to be aware of before you pay for the service.
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Tags: forensic mortgage examination, forensic review, forensic loa
- Forensic Loan Audits: Don"€™t Be Scammed By A Forensic Auditor
By: Nichole Jackson | - 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 desp ...
Tags: forensic mortgage examination, forensic review, forensic loa
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