I need a software program that can audit loan mortgage documents for mistakes, fraud, predatory lending, etc. Jul 05, 2010 forensic mortgage audit software demonstration videodemonstrations3. 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. The software is a professional solution to automatically uncovering violations and exporting a report outlining each specific law violated on the loan. Forensic loan audits and claims regarding their use to avoid. We utilize special state and federal mortgage loan post compliance software. In exchange for an upfront fee of several hundred dollars, socalled forensic loan auditors, mortgage loan auditors, or foreclosure prevention auditors backed by. These capabilities help automate and streamline previously tedious manual tasks like loan. Postfunding loan examinations not only uncover potential fraud and misrepresentations, but help identify opportunities for improvements in the loan.
Check out these documents including the taunton deeds pdf. Forensic loan audits may help homeowners in distress denha. What is a forensic mortgage audit and how can it help you. 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. Phoneburners power dialer software helps agents have more live conversations, and close more loans. Each lender will follow roughly the same steps when assessing your application. Global bridge holdings llc forensic mortgage audit. The purpose of a forensic mortgage audit is to uncover any discrepancies on the loan, including violations of the federal truth in lending act. 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. Learn forensic auditing for home mortgages with our exclusive forensic loan audit software and guide package plus a suite of bonus products. The wall street journal loantech will perform a mortgage audit checking the lenders accuracy. Forensic loan, services, support, litigation, attorneys.
The software audits mortgage loans and uncovers violations instantly and supports the findings with laws quoted directly from tila and respa. A forensic andor chain of title foreclosure audit can still be ordered. Basically it needs to identify if a borrower is a victim of predatory lending. Download links will be sent to your email allowing you to download everything instantly to your computer and get started right away. Sometimes its hard to tell the difference between legitimate companies and scam artists. Apply to underwriter, mortgage underwriter, compliance officer and more. The deluxe real estate software is also included in the deluxe package. Business profile for more information about mortgage audit software, forensic loan audit visit forensicloansoftware. 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. Brown warns homeowners to avoid forensic loan audits state. Forensic mortgage audit, mortgage auditing software.
Students study and learn important topics related to mortgage securitization as well as complex analysis of how to obtain recorded documents. 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. Feb 03, 2015 learn how to do forensic mortgage audits and get propriatary software. Auditing mortgage documents can stop a foreclosure in process.
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. 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. Anyone has any experience with forensic loan audits. Find and compare the top mortgage and loans software on capterra. Global bridge holdings llc forensic mortgage audit tampa. Illinois attorney general madigan sues forensic loan audit.
Lenders compliance group is a fullservice mortgage compliance organization, providing mortgage risk management, loan analytics, regulatory guidance and information to the mortgage banking industry. 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. Some forensic loan audits can disclose state and federal statutory violations. Filter by location to see forensic underwriter salaries in your area. Nov 23, 2011 the forensic loan document audit is a significant part of a loan modification request. Lenders are often sued in class action lawsuits brought forth by private investors in msr pools, gses, fha, private mortgage. A loan auditor is someone who can perform a thorough and comprehensive analysis of a clients 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, you might. The sofware audits mortgage loans and uncovers violations instantly and supports the findings with laws quoted directly from tila and respa. Loan servicing software is a unique combination of capabilities that support the entirety of a loan services operation. Apply to auditor, senior quality auditor, ambassador and more. Five years of mortgage loan experience as a mortgage underwriter, forensic underwriter, or comparable experience in loan processing andor originating.
Clicking the above link will take you to a website that is not operated by hotfrog. Is is worthwhile to do a forensic mortgage analysis. California 805 2671118 credit reporting, credit scores and damage expert witness. It can also be used as a loan origination management software. Forensic mortgage auditor forensic loan audit software is an easy to use application that quickly performs forensic loan audits for all types of mortgages. Forensic mortgage audit software applying for a home equity loan is similar but easier than applying for a new mortgage. Free forensic mortgage loan audit jobs, employment freelancer. The sofware audits mortgage loans and uncovers violations. Postfunding loan examinations not only uncover potential fraud and misrepresentations, but help identify opportunities for improvements in the loan origination process. Hotfrog is not responsible for the content or availability of linked sites.
Help your teams become more audit efficient with acls audit management solution duration. If the audit reveals legal violations, you can theoretically then use the results to strongarm the lender into giving you a modification. Salary estimates are based on 12,8 salaries submitted anonymously to glassdoor by forensic. Forensic mortgage audit software best home equity loans.
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. Fraud warning regarding forensic loan audits dre ca. There are people out there claiming to be forensic mortgage loan auditors. Forensic mortgage audit software and training youtube. We utilize special state and federal mortgage loan post compliance software to calculate and identify violations. 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. The forensic loan audit software audits mortgage loans and exports a complete report up to 52 pages. These capabilities help automate and streamline previously tedious manual tasks like loan origination and creation as well as prospect outreach and management. Salary estimates are based on 12,8 salaries submitted anonymously to glassdoor by forensic underwriter employees. 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. Learn how to do forensic mortgage audits and get propriatary software.
Forensic loan audit forensic loan software offers auditing for home mortgages with our forensic audit guide. Brown warns homeowners to avoid forensic loan audits. Simply use the button below to checkout, once payment is sent, your order will be sent the same business day. Today, forensic loan audits are being used to give homeowners more leverage so they have a good chance of negotiating an affordable loan modification. Loan software pro can be used to store, process, and qualify clients for mortgage loans. 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. Mortgage securitization for attorneys, quiet title services. 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 mortgage loan audit software by michael brown issuu. 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.
Forensic underwriting law and legal definition forensic underwriting is a process used by lenders to determine what went wrong with a mortgage or loan. Mortgage overcharges uncovered by loantech audits loantech. Real estate loan software, real estate software, mortgage. Find auditing services including mortgage audit services, auditing software, forensic mortgage audit services, etc. Forensic mortgage audit software forensic loan software. 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. Forensic loan audit forensic loan software forensic mortgage audit forensic audit process mortgage fraud. Respa, tila, fdcpa, hoepa, escrow analysis, payments, appraisal analsis, etc. Super certified forensic loan auditor super heroes. 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 software uncovers violations of federal lending laws including tila, respa, reg. Mortgage audit software forensic loan mortgage audits formal complaint common law torte used in foreclosure defense loan modification attorney short sales loan. With over 70% of mortgage loans currently in violation of laws pertainin to the lending laws of these loaning these loans out. You have selected the maximum of 4 products to compare.
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