Basically it needs to identify if a borrower is a victim of predatory lending. Forensic mortgage auditor forensic loan audit software is an easy to use application that quickly performs forensic loan audits for all types of mortgages. Certified forensic loan auditors mortgage securitization analyst training certification class is a comprehensive 16hour online intensive seminar. Business profile for more information about mortgage audit software, forensic loan audit visit forensicloansoftware. Today, forensic loan audits are being used to give homeowners more leverage so they have a good chance of negotiating an affordable loan modification. The software will cite each specific violation and cite the law that was violated in the.
Learn forensic auditing for home mortgages with our exclusive forensic loan audit software and guide package plus a suite of bonus products. Brown warns homeowners to avoid forensic loan audits. Super certified forensic loan auditor super heroes. There are people out there claiming to be forensic mortgage loan auditors. The deluxe real estate software is also included in the deluxe package. Free forensic mortgage loan audit jobs, employment freelancer. A forensic mortgage loan document audit is a comprehensive investigation of the documentation in homeowners existing loan s.
Forensic underwriting law and legal definition uslegal, inc. In exchange for an upfront fee of several hundred dollars, socalled forensic loan auditors, mortgage loan auditors, or foreclosure prevention auditors backed by. Learn how to do forensic mortgage audits and get propriatary software. Most audits performed reveal major violations in tila truth in lending act, a law passed in 1968 and the real estate settlement procedures act respa passed in 1974. Global bridge holdings llc forensic mortgage audit. Forensic mortgage audit software forensic loan software.
Brown warns homeowners to avoid forensic loan audits state. Nov 23, 2011 the forensic loan document audit is a significant part of a loan modification request. Mortgage securitization for attorneys, quiet title. Simply use the button below to checkout, once payment is sent, your order will be sent the same business day. Help your teams become more audit efficient with acls audit management solution duration. You have selected the maximum of 4 products to compare. Once you have a list of such violations, though, only an experienced mortgage loan and real estate attorney will be able to protect your legal interests and rights. Mortgage overcharges uncovered by loantech audits loantech. A forensic andor chain of title foreclosure audit can still be ordered.
What is a forensic mortgage audit and how can it help you. Forensic mortgage audit software and training youtube. Apply to auditor, senior quality auditor, ambassador and more. The sofware audits mortgage loans and uncovers violations. Forensic loan audit forensic loan software offers auditing for home mortgages with our forensic audit guide.
Anyone has any experience with forensic loan audits. Clicking the above link will take you to a website that is not operated by hotfrog. The software uncovers violations of federal lending laws including tila, respa, reg. Certified forensic loan auditors, llc 3 stearns lending 3 certified forensic loan auditors 3 agility 360 2 broward county board of county commissioners 1 prudential 1 american mortgage. These people have expertise in the rules and regulations governing mortgage loans and if a lender has failed to comply with federal or state laws governing mortgage loans.
Some forensic loan audits can disclose state and federal statutory violations. Fraud warning regarding forensic loan audits dre ca. Our mortgage and loan solutions will help you close loans faster, stay organized and be more efficient in your day to day professional tasks. Real estate loan software, real estate software, mortgage. Global bridge holdings llc forensic mortgage audit tampa. We then take these results and compile them into a detailed report for your client to easily read.
California 805 2671118 credit reporting, credit scores and damage expert witness. Lenders compliance group is a fullservice mortgage compliance organization, providing mortgage risk management, loan analytics, regulatory guidance and information to the mortgage banking industry. Quickly browse through hundreds of options and narrow down your. The goal of the forensic loan audit is to determine whether there are identifiable defenses, claims, or violations of federal or state law which may be found in your mortgage loan documentation. Auditing mortgage documents can stop a foreclosure in process.
Loan servicing software is a unique combination of capabilities that support the entirety of a loan services operation. Forensic mortgage audit software best home equity loans. Forensic loan software has a forensic loan audit guide and forensic loan audit software which will uncover violations and cite the specific laws in which the loan violates. Postfunding loan examinations not only uncover potential fraud and misrepresentations, but help identify opportunities for improvements in the loan. We utilize special state and federal mortgage loan post compliance software to calculate and identify violations. Mortgage securitization for attorneys, quiet title services. Download links will be sent to your email allowing you to download everything instantly to your computer and get started right away. Find auditing services including mortgage audit services, auditing software, forensic mortgage audit services, etc.
Hotfrog is not responsible for the content or availability of linked sites. If you buy the chain of title foreclosure audit, the report will include information on how you can obtain the securitization trust directly from fannie mae, freddie mac, or ginnie mae if it was securitized. A forensic loan audit is a thorough, scientific investigation of a loan to determine whether a lender has violated any federal, state, or local laws in the servicing of the loan. Forensic loan software has a forensic loan audit guide and forensic loan audit software which will uncover violations and cite the specific laws in which the loan. Sometimes its hard to tell the difference between legitimate companies and scam artists. Click below for more information regaring each product. The software is a professional solution to automatically uncovering violations and exporting a report outlining each specific law violated on the loan. Forensic underwriting law and legal definition forensic underwriting is a process used by lenders to determine what went wrong with a mortgage or loan. Forensic loan audits may help homeowners in distress denha. The software audits mortgage loans and uncovers violations instantly and supports the findings with laws quoted directly from tila and respa. The forensic loan audit software audits mortgage loans and exports a complete report up to 52 pages. Phoneburners power dialer software helps agents have more live conversations, and close more loans. Forensic mortgage loan audit software by michael brown issuu.
These capabilities help automate and streamline previously tedious manual tasks like loan. Loan software pro can be used to store, process, and qualify clients for mortgage loans. It is a detailed examination of specific loan documents, borrower fees and, where applicable, lender actions during the mortgage process. As an expert in credit related damages, mortgage lending, credit reporting, and scoring, doug minor serves as a litigation consultantexpert witness for those involved in credit reporting, credit scoring, credit damages as well as mortgage. A loan auditor is someone who can perform a thorough and comprehensive analysis of a clients mortgage. Please scroll down the page to read about our exclusive loan officer software package and software. Feb 03, 2015 learn how to do forensic mortgage audits and get propriatary software.
The goal of the forensic loan audit is to determine whether there are identifiable defenses, claims, or violations of federal or state law which may be found in your mortgage loan. It can also be used as a loan origination management software. Estimates from numerous credible sources suggest that more than 85% of the mortgage loans written between 2004 and 2008 have some respa andor tila violations. A loan auditor is someone who can perform a thorough and comprehensive analysis of a clients mortgage documents to determine if there are any lender violations. Professional loan software for professional minded mortgage loan pros. Forensic loan, services, support, litigation, attorneys. Check out the mortgage loan agreement lien release which we received this morning from the bristol county registry of deeds, taunton, ma, all because of your great cutting edge technology forensic work. Forensic loan audit forensic loan software forensic mortgage audit forensic audit process mortgage fraud. Jul 05, 2010 forensic mortgage audit software demonstration videodemonstrations3. Is is worthwhile to do a forensic mortgage analysis. Glossary of terms certified forensic loan auditors. Students study and learn important topics related to mortgage securitization as well as complex analysis of how to obtain recorded documents. Salary estimates are based on 12,8 salaries submitted anonymously to glassdoor by forensic underwriter employees. Filter by location to see forensic underwriter salaries in your area.
The purpose of a forensic mortgage audit is to uncover any discrepancies on the loan, including violations of the federal truth in lending act. Mortgage audit software forensic loan mortgage audits formal complaint common law torte used in foreclosure defense loan modification attorney short sales loan. The wall street journal loantech will perform a mortgage audit checking the lenders accuracy. These capabilities help automate and streamline previously tedious manual tasks like loan origination and creation as well as prospect outreach and management. Five years of mortgage loan experience as a mortgage underwriter, forensic underwriter, or comparable experience in loan processing andor originating. Each lender will follow roughly the same steps when assessing your application. I need a software program that can audit loan mortgage documents for mistakes, fraud, predatory lending, etc. We utilize special state and federal mortgage loan post compliance software. A forensic loan audit is the examination of a loan from the time of application and can include letters, say to provide a certain rate of interest to intice a borrower to make application and related. Forensic loan audits and claims regarding their use to avoid. Dec 18, 2012 in her lawsuit against mortgage facs, madigan alleged the scam not only baited homeowners with the promise of discovering errors in their mortgage, but marketed its forensic mortgage loan audits as a way for consumers to obtain a loan modification to lower their monthly payments and even avoid foreclosure.
Salary estimates are based on 12,8 salaries submitted anonymously to glassdoor by forensic. Apply to underwriter, mortgage underwriter, compliance officer and more. Forensic mortgage audit software demonstration youtube. The sofware audits mortgage loans and uncovers violations instantly and supports the findings with laws quoted directly from tila and respa. With over 70% of mortgage loans currently in violation of laws pertainin to the lending laws of these loaning these loans out. Forensic mortgage audit software applying for a home equity loan is similar but easier than applying for a new mortgage.
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