Why Is a Loan Compliance Audit needed?
Representatives in the Lenders’ Loss Mitigation Departments deal with literally hundreds of requests per day. Our Loan Compliance Audit will help your case stand outfrom the pack. When dealing with Loss Mitigation Departments our Loan Compliance Audit gives you the leverage you need to expedite negotiations with your mortgage company.
Simply put, to create leverage! Loan compliance audits often reveal violations in your loan that can be used to start legal litigation with your mortgage lender. Having this leverage means your lender will not only have to listen, but also be held accountable for the lending laws that were violated. You may be shocked at how many violations we are able to find using our forensic process. In fact, it is estimated that over 90% of adjustable rate mortgages (ARMs) reveal violations in RESPA (Real Estate Settlement Procedures Act), TILA (Truth in Lending Act), predatory lending, and real estate and mortgage fraud.