FORENSIC LOAN DOCUMENT AUDIT

Posted on September 10, 2008. Filed under: Foreclosure Defense, Mortgage Audit, Truth in Lending Act | Tags: , , , , , |

 

 

Complete client interview and all applicable parties

Complete loan document and disclosure audit

Truth in Lending Act (TILA) and Real Estate Settlement & Procedures Act (RESPA)

Reverse engineering of your loan terms and Annual Percentage Rate (APR) for possible TILA violations

Complete report with all violations and findings

CONSTRUCTIVE FRAUD

Material facts include the terms of the loan, whether there is a prepayment penalty, or any other information which a reasonable borrower would want to know before accepting the loan. Did the broker or loan officer or anyone working for the broker or loan officer fail to disclose any material facts to the borrower?

FRAUD AND NEGLIGENT MISREPRESENTATION

Were any representations, statements, or comments, written or oral made by the loan officer, broker, notary or anyone else, which contradicted the terms of the documents?

NEGLIGENT MISREPRESENTATION

When a mortgage professional makes errors which a reasonably diligent mortgage professional would not have made, he or she may have made a negligent misrepresentation.

BREACH OF CONTRACT

The note and its attachments are a contract. The broker must follow all the terms of the contract such as the way the interest is calculated, and the penalties it assesses. Were there any terms in the contract which the lender failed to follow?

LOAN AUDIT REPORT

Results report of all factual findings of the forensic audit

Any and all applicable federal law violations

The real terms of your loan

Outline of hidden fees and/or commission earned by your broker or lender

A complete assessment so you can pursue possible legal claims against your broker and/or lender

FORENSIC LOAN DOCUMENT REVIEW FEE SCHEDULE

$495 for one loan

$250 for a second loan

Volume discounts available for law firms and brokers

Tel: 1-800-564-2764

www.nationalloanaudits.com

 

 

 

 

 

 

 

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