Global bridge holdings llc forensic mortgage audit. Competitor trying to damage cfla excellent reputation. In fact, theres no evidence that forensic loan audits. It outlines key violations and explains the different laws which are subject to violations to the lender. This is a comprehensive 24hr training course to get you certified as a forensic loan auditor. A good audit that can be used in court can take as many as 20 man hours to complete. Hotfrog is not responsible for the content or availability of linked sites.
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. A forensic mortgage loan document audit is a comprehensive investigation of the documentation in homeowners existing loan s. Any violations fraud, means the lender must buy back the loan. A simplistic, softwarebased forensic audit by individuals with no legal training defeats the whole purpose. We utilize special state and federal mortgage loan post compliance software to calculate and identify violations. Forensic loan auditing is a comprehensive and detailed way to uncover violations of various state and federal laws.
Federal law doesnt explicitly give a definition of predatory lending, and state laws describe predatory lending in different ways. How does a consumer spot a legitimate loan auditor from an untrained one. Generally, predatory lending is a term typically used to describe. 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. Clicking the above link will take you to a website that is not operated by hotfrog. 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. One of the most effective tools to cut through the toxic mortgage maze is a mortgage audit or forensic loan document. Anyone out there has any experience or results with forensic loan audits. A forensic audit is an examination and evaluation of a firms or individuals financial information for use as evidence in court. Loan auditors cfla is a comprehensive training certification program.
With the help of this software you can conduct forensic audit in easy and simple way. A forensic mortgage loan document audit is a comprehensive investigation of the documentation in homeowners existing loans. Forensic mortgage audit software and training youtube. Jul 05, 2010 forensic mortgage audit software demonstration videodemonstrations3. Windows operating systems, 32bit and 64bit microsoft excel 2002 and newer, enable macros, and medium security or lower for macros. Beware of the latest foreclosure rescue scam forensic loan. These forensic loan audits are currently used to determine if lenders and brokers violated laws in the loan documents. While forensic auditing for this purpose has typically been limited to institutions investors, servicers, originators and mortgage insurers the practice has now spread to the retail borrower, as described in. Spending money on one of these socalled forensic audits is entirely wasted because it takes a thinking legal professional to find defects in a mortgage transaction. The goal of the forensic loan audit is to determine whether there are identifiable defenses, claims, or violations of. Therefore, costs are incurred regardless of the amount and types of violations uncovered during an audit.
Students study and learn important topics related to. The purpose of a forensic mortgage audit is to uncover any discrepancies on the loan, including violations of the federal truth in lending act. Certified forensic loan auditors cfla sells bogus courses and harasses you with phone calls dont buy their course. I know companies that start doing that, but i dont know about any results aanyone out there has any experience or results with forensic loan audits. Solutions software matrix refferal partner nonattorney services. Get relief through a forensic loan audit with any mortgage including fha or any government, conventional or any other type of loan. What certifications are available in forensic auditing. California real estate fraud report forensic loan audit. Dec 19, 2012 stay away from forensic mortgage audits. Our mortgage auditors take great care and time to audit the many documents associated with each loan. Brown warns homeowners to avoid forensic loan audits state. One of the scams perpetrated by forensic loan audit companies is that their forensic software claims to find violations of the law by lenders, which inexplicably translates into the homeowners not having to.
Additional fees are then tacked on so supposedly sue the lenders for predatory practices. We then take these results and compile them into a detailed report for your client to easily read. The purpose of a forensic mortgage audit is to uncover any. Forensic loan audits are fast becoming the next trend in the loan modification arena. Forensic mortgage auditor forensic loan audit software is an easy to use application that quickly performs forensic loan audits for all types of mortgages. Mortgage securitization for attorneys, quiet title services. Mortgage securitization and forensic loan auditing are presented during our professional 24hr howto class. A forensic loan audit is a process that involves examining certain key loan documents. Mortgage overcharges uncovered by loantech audits loantech.
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. Forensic loan audits of loan documents are now being used to help banking institutions, lenders, brokers, lawyers, judges and borrowers understand if those underwriting guidelines and laws were incorrectly implemented. Brown warns homeowners to avoid forensic loan audits. Get relief through a forensic loan audit with any mortgage. Certified forensic loan auditors support litigation covers a complete range of packages assisting foreclosure defense attorneys. I know companies that start doing that, but i dont know about any results aanyone out there has any experience or results with.
Learn how to do forensic mortgage audits and get propriatary software. If the audit reveals legal violations, you can theoretically then use the results to strongarm the lender into giving you a modification. Forensic loan software can be used unlimited amount of times for unlimited amount of clients. Did your lender give you a loan violating tila, respa, hdma, ecoa or any other state or federal law. They just said that we have to start the process over again. Forensics plus offers a forensic loan auditing software which automatically cites specific laws and violations and prints out a report to send to the lender. How long does it take for a standard forensic or securitization audit. Forensic audit, securitization audit, mortgage securitization. We utilize special state and federal mortgage loan post compliance.
Forensic loan audits may help homeowners in distress denha. Forensic auditors can receive certification as an internal auditor, a government auditing professional or a financial services auditor. Certified forensic loan auditors mortgage securitization analyst training. Students study and learn important topics related to mortgage securitization as well as complex analysis of how to obtain recorded documents. Free forensic mortgage loan audit jobs, employment freelancer. One of the scams perpetrated by forensic loan audit companies is that their forensic software claims to find violations of the law by lenders, which inexplicably translates into the homeowners not having to make their mortgage payments. Well over 85% of the audits performed reveal major tila truth in lending act. Homeowners now have a tool that will allow them to fight back against unscrupulous lenders and predatory mortgage companies and win in court or meet at the negotiating table and walk away with a. Illinois attorney general madigan sues forensic loan audit.
Beware of the latest foreclosure rescue scam forensic loan audits. Forensic loan audit forensic loan software offers auditing for home mortgages with our forensic audit guide. The software uncovers violations of federal lending laws including tila, respa, reg. Forensic loan audits and claims regarding their use to avoid foreclosure and to modify home loans. Forensic auditors ensure financial records are accurate and detect fraud in business environments. Securitization audit software professional tools package includes an array of tools, management software, manuals and guides to give you an edge in the securitization audit services market. As a mortgage professional looking to sustain myself in this career field, i have found that this class has opened up a wealth of opportunities for me and was easily worth the time and money. Dec 14, 2008 any violations fraud, means the lender must buy back the loan. April 15, 2009 prlog forensic loan audits are fast becoming the next trend in the loan modification arena. Global bridge holdings llc forensic mortgage audit tampa.
Forensic loan audit guide the forensic loan audit guide is a comprehensive manual which shows you how to conduct a forensic loan audit. Forensic loan auditing is a comprehensive and detailed way to uncover violations of various. Forensic loan audit software program allows you to do a forensic loan audit and uncover violations and have the supporting laws for you cited instantly in a report to send to the lender. Forensic loan audits of loan documents are now being used to help banking institutions, lenders, brokers, lawyers, judges and borrowers understand if those underwriting guidelines and laws were. Certified forensic loan auditors also has created a nationally recognized analyst training certification course. A forensic loan document audit is a significant part of a loan modification request submitted on behalf of the homeowner. Forensic loan audit software program thomas a prlog. Mortgage securitization for attorneys, quiet title. The sofware audits mortgage loans and uncovers violations. Forensic mortgage audit software demonstration youtube. The wall street journal loantech will perform a mortgage audit checking the lenders accuracy. Forensic mortgage audit software demonstration videodemonstrations3. Forensic loan auditing easy to use loan modification.
Defendants in alleged forensic audit mortgage scam settle ftc charges. For this reason, a forensic loan auditing becomes an essential tool not only to uncover creditors violations but also to help you out in loan modification. 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. The sofware audits mortgage loans and uncovers violations instantly and supports the findings with laws quoted directly from tila and respa. There have been nearly 1,000 executive level professionals who have graduated from this program since 2009 in each of the. Beware of the latest foreclosure rescue scam forensic. The auditors say you can use their report to avoid foreclosure, speed the loan modification process, reduce what you owe, or even cancel your loan. I just want to take this opportunity to really thank you for this software. I know companies that start doing that, but i dont know about any results a.
A mortgage audit is an indepth multipoint examination of loan documents and disclosures that is performed to uncover lender overcharges that are caused by miscalculations of interest charges. Well over 85% of the audits performed reveal major tila truth in lending act, respa real estate settlement procedures act, predatory lending, and real estatemortgage fraud violations. The ed along with the serious fraud investigation office has increasingly depicted the need for and importance of forensic audits following the rise in money laundering and wilful default cases that are. Forensic loan audits lehman data analytics international. Anyone has any experience with forensic loan audits. Nations only loan analyst certification class register immediately seating is limited. Securitization audit software professional tools package.
Feb 03, 2015 learn how to do forensic mortgage audits and get propriatary software. Find payments errors, get a refund, be a forensic auditor, and more. I came in to this class wanting to do professional, competent, and comprehensive forensic loan audits and that is exactly what this class has done for me. Many companies trying to get into this new wave of service use a software that does the audit and is so bad that rarely. Illinois attorney general madigan sues forensic loan. Forensic loan, services, support, litigation, attorneys. A forensic loan audit s purpose is to identify violations of lending laws. Forensic loan audit loan auditing amerihope alliance. Respa, tila, fdcpa, hoepa, escrow analysis, payments, appraisal analsis, etc. A forensic loan audit is an essential tool for a loan modification attorney. Predatory lending practices and foreclosure laws alllaw.
Forensic loan auditing is a comprehensive and detailed way to uncover violations of various state and federal laws which can be spotted within clients loan package they received from the lender. Jul 23, 2010 certified forensic loan auditors cfla sells bogus courses and harasses you with phone calls dont buy their course. Cflas certification program and training provides the peace of mind that your credentials are accurately highlighted and recognized. A forensic mortgage audit identifies any illegalities performed by the lender, their broker, or other parties in conjunction with the mortgage. Defendants in alleged forensic audit mortgage scam. All audits must be paid in full before the audit begins. Certified forensic loan auditors mortgage securitization analyst training certification class is a comprehensive 16hour online intensive seminar. A forensic loan audit s purpose is to identify violations of lending laws so that you may utilize this information to your advantage, by either negotiating a loan modification, filing a lawsuit to stop a foreclosure, or initiate some other type of legal. Free forensic mortgage loan audit jobs, employment. Learn forensic auditing for home mortgages with our exclusive forensic loan audit software and guide package plus a suite of bonus products.
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