A forensic loan audit by us is an analysis of your mortgage and related paperwork to determine what predatory lending acts and mortgage laws and guidelines were broken in the preparation and servicing of your mortgage. Our goal is to illustrate how these actions came together to ultimately cause damages to borrowers.
The audits commonly reveal the basis for a lawsuit, and less commonly the basis for why a lawsuit is not appropriate.
Our decade of experience and knowledge from working within the mortgage industry and familiarity with mortgage documentation and proceedures allows us to find and understand lending violations and significant discrepancies in a mortgage origination. The amount of different fraudulent and deceptive schemes we find employed are often beyond the capability of those outside the mortgage industry to detect and comprehend.
Our forensic loan audits have been used in lawsuits resulting in judgments against lenders totaling in the millions of dollars.
Lawyers in the past have used the results of our findings to stop a foreclosure process. Some clients have had errors in their mortgage which have enabled them to rescind or cancel their mortgage. Some clients have had their foreclosure process halted and some lenders have agreed not to evict clients after foreclosure in some cases after legal action is filed, but this is a case-by-case occurance.