Certified Member
American College Of Forensic Auditors
Since 1989 Experience Matters
Performing Forensic Mortgage Audits
To Expose Lender Legal and Non-compliance Errors
Some of what we look for in a loan audit and usually find to Your Benefit.
- Was The Truth In Lending (TILA) disclosure accurate (APR, Amount Financed, Finance charges, Total of Payments).
Note: We always find at least one violation in The truth In Lending Disclosure.
- Was income verified? Was time on the job verified? Was occupation and income matched?
All of which is needed to prove loan affordability?
- Was there a Prepayment penalty?
Prepayment penalties are often illegal.
- If an (ARM) Adjustable Rate Mortgage, has your payment become unaffordable?
Indication of a predatory loan.
- Did You Receive A Complete Set Of Signed Documents?
If not chance are that there is something they don’t want you to see.
- Was your debt to income ratio above 55%?
Anything above 55% is considered Predatory.
This is a Full Forensic Audit
the same Audit we complete for Attorneys
Mortgage Audit Service will review your mortgage loan documents provided for the purpose of identifying the following with respect to Client’s mortgage transaction:
| Fraud |
| Deceit |
| Unfair Practices |
| Misrepresentation |
| Miscalculations |
| Violations of the Truth in Lending Act |
| Violations of the Real Estate Settlement |
| Violations of Regulation Z |
Examples of Violations include:
| Excessive fees charged |
| Failure to disclose fees |
| Pre-payment penalties |
Mortgage Audit Service will conclude its audit by preparing a written Report detailing any Violations or Fraud that is found.
This Report Has Legal Standing When Presented To Your Lender As A Qualified Written Report.
       
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