Knowledge is power. Knowing what is wrong with a mortgage transaction from start to end can take a helpless homeowner in default and empower them to negotiate with their lender.
Many people have simply written their lender a complaint letter based on our findings and have been immediately granted customized loan modifications or approvals on short sales. This is the simplest process. Dear Lender, here is a list of everything you did wrong in my transaction, copied and pasted from the exam. Please fix by doing X, Sincerely Homeowner.
Most of my work comes from attorneys looking to condense and review hundreds of pages of paperwork into a demand letter similar to above or a lawsuit, and sometimes further help in the preparation of demand letters or complaints if necessary.
My decade of experience and knowledge from working within the mortgage industry and reviewing mortgage transactions combined with years of experience working with attorneys gives me an experienced, unique perspective. This allows me to find and understand lending violations, fraud, and predatory actions in mortgage origination. The amount of different fraudulent and deceptive schemes, like appraisal fraud, I 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, as well as multiple free and clear homes.
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. A small minority have simply found out that nothing appears significantly wrong and they need to move on. I am able to keep this to a small minority by speaking with people and hearing their story before they ever have to commit.
I look forward to speaking with you.
Stephen Ching, Owner