Forensic loan audits- Knowing the technicalities behind the necessary audits-

Posted by Blake Teigen on February 5th, 2020

The forensic mortgage loan audits are a necessary tool for an attorney responsible for performing loan modification. But each is not created equal and you cannot decide based on price alone. There are some essential elements to an effective loan audit which you must have an understanding about before you buy one. It is estimated that more than 80% of all the mortgages contain certain lender violation. So there are higher chances that a homeowner is benefited from a loan audit. 

Wondering how the forensic loan audit reports help? 

For understanding how the loan audit assists in a better way there is a need to know more about the audit process.

What exactly is a forensic loan audit?

A forensic loan audit is a detailed and scientific investigation of a loan which determines whether or not a lender has violated any state, local or federal laws during the loan servicing. A loan auditor is an individual who can perform a thorough and comprehensive analysis of the client’s mortgage documents for determining if there are lender violations associated with the mortgage of the homeowner. 

There are some elements which an effective loan audit inculcates. Some of them are-

• A good loan audit is comprehensive and is inclusive of a review of every document that is a part of the client’s mortgage contract. 
• A loan audit must be scientifically conducted. 
• The mortgage documents must be reviewed and compared with all the relevant as well as applicable mortgage case law. 
• The audit must be in writing and must be analyzed indicating the problem areas which the client should have an understanding about. 

If you are also looking for a company who can assist with the forensic loan audit then you need to know that certain companies are not trained well in handling these audits nor they associate themselves with the attorneys. 

So if you are planning to get the audits done from the experts then you should necessarily contact the experts. 

We are the individuals who can help with the forensic loan auditing. 

Apart from this auditing, we help in the securitization activity. Want to know how to get a securitization audit? You can contact us for the same. 

Also, we help with the activity of a mortgage securitization fraud audit online. 

We have a team of efficient and learned attorneys who have worked on varied cases. Contact us if you wish to contact the experts. 

Source Url: https://sites.google.com/view/forensic-mortgage-loan-audits/