Forensic Loan Document Review
CONSTRUCTIVE LOAN FRAUD!
LENDER MORTGAGE FRAUD!
BREACH OF CONTRACT!
There are many reasons to conduct a Forensic Loan Doc Audit:
- Fraud by Loan Originator
- Truth-in Lending violations
- RESPA Violations
- Excessive Charges like Points & Fees
- Misrepresentation of the Lender
- Constructive Fraud
- Predatory Lending
A Forensic Loan Audit could be a significant part of a loan modification request on behalf of a homeowner.
Our Mortgage Experts Will Examine Your Loan file for Fraud, TIL Violations, RESPA Violations and Misrepresentation
This is a very specialized and important service in identifying if a borrower has been a victim of any of the violations mentioned above. Our team of professionally trained experts will review all loan documents and perform a thorough investigation to determine if the loan terms are accurate, truthful and meet the requirements of the federal laws.
The primary goal of the Loan Document Audit is to determine whether there were violations of federal law and state law.
If violations are found the borrower may be eligible for relief of the predatory lending violation or possibly receive a favorable loan modification. If the lender made a “predatory loan” the borrowers can receive awards and or credits back for excessive interest payments made, loan origination fees, lender fees, penalties and attorney’s fees.
However, in most cases the borrower may not be eligible to just rescind their loan, because they are just too far underwater to obtain a mortgage and their credit rating may have been adversely affected by the loan that has caused them damages.
We will review the loan documents (the papers you signed when you applied for the loan and that you signed when you closed the loan). We investigate whether the information and calculations provided in those documents are accurate, truthful and met the requirements of the applicable federal and state statutes.
As experienced professional mortgage auditors we can uncover Fraud, Miscalculations, and Violations. Some violations are harder to find and require in depth investigation and full examination of the loan documents. After determining if your loan documents indicate whether there is an issue worth pursuing we will inform you what course of action you can take.