Loan Auditors

A forensic loan audit has the potential to disclose a variety of lender violations. There are about 80 different laws - federal, state, and local - that lenders must comply with when underwriting a mortgage loan. If they violate any one of those laws the lender faces a penalty, fine, or forced reimbursement of interest and principle. It could be costly for the lender.

Because the risk is so high for the lender and relatively low for the borrower, getting a forensic loan audit is one of the important things to do when seeking a loan modification. In fact, many lenders may turn you down for a loan modification request if there is no compelling reason to provide one. If you can show them that they’ve violated a law in their underwriting of a loan then that could be enough to get them to the negotiating table.

Once you get the lender to the negotiating them you’ve then got to convince them to give you terms that are favorable to you. Let your attorney do the negotiating. They often have more pull and can point out legal details that the lender’s attorney will hope you’ll miss.

At the end of the day, the goal is to keep your home and make it affordable for you to do so. A forensic loan audit can be an essential tool.

Your most powerful negotiating tool is a loan document review. That should be the first thing they teach in loan modification school.

When you walk into a bank office or sit at the negotiating table with lenders and you carry with you a certified forensic loan audit performed by a professional team of loan auditors, you will be confident and have the ammunition you need to arrive at a fair and equitable loan settlement for your client. Sometimes, merely having the documents in your hand is enough to produce a confident walk and demeanor throughout the negotiating process. And negotiations tend to close sooner too.

When you have a lender who knows that his product was wrong yet sold it to the client anyway and that lender is faced with potential fines for his actions, a forensic loan audit can end negotiations quickly and in your favor. Most of the time you will not even need to litigate the case as it will be settled out of court long before the time.

A forensic loan audit is the most powerful negotiating tool because it often does the negotiating for you. All you need to do is sign on the dotted line and receive your payment.