How Does a Forensic Loan Audit Help?

Before your mortgage lender(s) are approached for assistance or if you have been denied for assistance, a Forensic Loan Audit can provide the additional advantage needed to present to your lender(s) for that help.

All mortgages must comply with fair lending laws. Any error or omission on the part of a lender or their agents constitutes a violation. Our forensic loan audit verifies compliance with the following:

• 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

Forensic Loan Audit

Many loans funded during the “boom” years of 2002-2006 were performed with legal violations. Although only a fraction of the loans were funded with blatant disregard for the law, the majority of loans have significant State and Federal violations resulting from carelessness, greed or just innocent oversight by the lender and/or broker. However, no matter why these violations were performed by the lender, these violations carry EXTREMELY stiff financial penalties for the lender, and can result in SERIOUS legal consequences to the lender, such as forcing the lender to refund all interest paid to date back to the borrower.