The Most Comprehensive
And Accurate Forensic Loan AuditTM Available!
83% of Mortgages Have Violations.
Find Out How to Receive Recourse from
Your Lender!
U.S. Lender AuditTM is the National leading provider and the original pioneers of Forensic Loan AuditingSM services to Law Firms, Attorneys, Non Profit Organizations, Hedge Funds, and their clientele. U.S. Lender Audit services a team of expert auditors that have been conducting forensic mortgage loan audits and compliance audits as a niche company for nearly a decade. Using traditional manual forensics, thoroughly investigated by hand, U.S. Lender Audit's industry experts provide the most accurate and comprehensive loan audit available in today's market, capturing ALL violations made prior to or at closing, guaranteed. EVERY file is reviewed and examined at least twice, by two auditors, making accuracy unparalleled. Our application is NOT to be used or confused with today's legislative "loan modification". We provide helpful solutions to provide a "dispute/resolution" scenario that can ease negotiations and settlement.
Our propriatary application and unique model started an industry trend. Featured throughout the legal community and Bar Association, our pioneering and trademarked Forensic Loan AuditTM has created new opportunity for legal professionals while helping homeowners work through challenging times. Providing a neutral third party formal examination to help bring a claim can bring tremendous success for homeowners and their legal representatives. Please avoid immitators. No other Forensic Loan AuditingSM servicer provides a more complete and accurate examination with it's rapid turn-around time, and 100% money back guarantee. And, if no violations are found, we will issue a full refund, no questions asked!
As an attorney you can help shorten the research cycle and get unparalleled litigation support with U.S. Lender Audit and our team of professionals.
DEFINITIONS of the word "Audit":
- A systematic, independent and documented process for obtaining evidence.
- A formal examination of an organization's or individual's accounts or financial situation. An audit may also include examination of compliance with applicable terms, laws, and regulations.
- The physical review of practice records to determine if the practice has been (and is being) compliant with carrier requirements.
A 2006, FDIC Office of Inspector General Report revealed:
*83% of the institutions examined were ceited for "significant" compliance violations
*43% of those institutions were "repeat offenders"
*85% of those repeat offenders were highly rated by the FDIC for their in-place compliance process
U.S. Lender Audit provides the most flexible and accurate outsource Forensic Loan AuditTM solution and litigation support available anywhere for organizations and attorneys seeking litigation opportunities and work-out plans for their clients. Our mortgage audit service and expert auditors provide thorough manual forensics examinations capturing violations NO SOFTWARE can catch!!! Addtionally, the company reverse engineers all loan parameters, so ALL VIOLATIONS of Federal, State, County and Municipal Code are revealed along their severity and the specific code in violation. The result of our mortgage audit services is a detailed comprehensive analysis that reveals ALL RESPA, TILA, HOEPA, ECOA, GLB, FDCPA Violations and More in an easy-to-read format. All infractions of State Lending Fairness Guidelines and Predatory Lending laws are applied.
Other areas that you and your client should explore during litigation include Deceptive Practices and Unfair Lending along with Fair Credit Reporting. Over reaching mortgage transactions can at times be challenged under state unfair and deceptive acts and practices (UDAP) law. Broker misconduct and yield spread premium, without proper disclosure, may violate a UDAP statute. Transactions with lenders and/or brokers who are not licensed, but should be, may be void. It may be a UDAP violation for a lender to do business with an unlicensed broker. Most UDAP statutes provide for some combination of actual damages, statutory damages, multiple damages, attorney fees and costs, and some states, punitive damages.
Addtionally, areas such as negotiable instruments law amongst other sections of the the Uniform Commercial Code, are becoming more and more important for attorneys and homeowners seeking relief. Laws concerning indorsement, transfer, accommodation and assignment and the variance in the application of these laws carries with it the probability of undermining the confidence that people will have in knowing that contractual obligations will be enforced and that they are protected by legal conventions that are accepted all over the world. In the context of the mortgage meltdown, the only defensive positions that can be taken by those who would enforce securitized notes and mortgages, given the predatory practices employed and the failure to disclose the inflated pricing and valuation on both sides of the transaction
Why the Loan Audit?
At the end of 2008 it was reported: The proportion of modified loans delinquent by 30 days or more was 55% after six months, according to the Office of the Comptroller of the Currency and the Office of Thrift Supervision. Modified loans that were 30 or more days delinquent after three months stood at 37%, the agencies' data showed. Borrowers facing hardship, will typically fall into a modification set by calculative procedures by the servicer. It is statistically shown, that the typical loan modification, is not working amongst those borrowers who have signed upon it's terms. Furthermore, the "negotiations" provided by "loan modification" companies, may not be nearly as effective as one may think, since the servicers are providing solutions based on recent legislative or governmental programs.
Why "Loan Modification" is Not Working.
The real reason why "loan mods" are thus being routinely rejected is pure and simple "balance sheet economics". A bad loan is a liability on a lender's balance sheet. A "modified loan" is just a lesser example of a loan which is already a liability, and a modified loan does not result in any money to the brokers, appraisers, trustee sale companies, or foreclosure mill law Firms.
By foreclosing and obtaining a money judgment (for the amount due on the note) and the property, the "bank" turns a non-performing liability into a two-tiered asset in the form of a receivable (the amount "due" from the borrower per the Judgment), and a tangible asset (the property) with its inflated value as the result of an inaccurate or outright false "broker price opinion" (BPO) which was prepared by the "bank's" broker on nothing more than a "drive by" of the property (that being no interior inspection for defects, necessary repairs, wear and tear, etc.)
Recent reports show that Freddie and Fannie own and guarantee 45% of all of the mortgages in the United States - $4.8 trillion worth of mortgages. However, with the mortgages they actually own and hold on their balance sheets, provide a face value of $1.7 trillion. They hold these assets with only a about $70 billion in "core" capital.
With a combined leveraged ratio of 24-to-1, a 5% loss in the value of their mortgages would wipe out 100% of the equity in each firm. Looking beyond their balance sheets to their off-balance-sheet guarantees, you see that they're actually leveraged 68-to-1. Thus a 1.4% decline in the value of their total on- and off-balance-sheet would wipe out shareholders.
These high leverage ratios lead to bankruptcy as seen with companies like Lehman, Bear Sterns, Freddie, Fannie and just about every banking institution. Yet, while the government has been busy policing the rest of the financial markets, it has overlooked a time bomb under its own umbrella... the Federal Housing Administration (FHA).
According to the Wall Street Journal, an undisclosed Housing and Urban Development (HUD) audit shows the FHA's cash reserves may fall below its congressionally mandated 2% of insurance liabilities by year's end.
The FHA is levered 50 to 1 - more than Bear Stearns on the eve of its crash. Its loan delinquency rate - more than 30 days past due - is over 14%, around two to three times higher than conventional mortgages. And its cash reserves have fallen by more than two-thirds in three years. The reason is reckless underwriting... From 2006 through the end of next year, the FHA's portfolio will have expanded to $1 trillion from $410 billion. Today, 25% of all new mortgages carry an FHA guarantee, up from 2% in 2006. And between the FHA, the Veterans Administration, Fannie, and Freddie, taxpayers now guarantee 80% of all U.S. mortgages.
According to sources familiar with the HUD report, mortgage default rates are worsening the quickest on the most recent loans.
A loan audit and its supportive findings provides a common ground where all parties can understand such violations that are evident along with proposed observations of preliminary suspect whereby a valid motion or demand for further discovery presents itself with clarity. Postion your clients in an offensive position to where proper remediation is scalable. The U.S. Lender Audit provides you with the evidence and support you can trust to help your clients seek better modification terms, restructuring of new terms, principal or rate reduction, or continued discovery. With the greatest potential to alleviate "normal modification" setbacks and re-occurance of default, qualified and objective evidence helps simplify negotiations and stay using the information and support provided by U.S. Lender Audit.
Contact Us Now!
Let us demonstrate the REAL difference of the U.S. Lender Audit's Forensic Loan Audit
versus other companies reporting methodologies. No other report shows the specifics like we do, providing thorough ACCURACY and the EVIDENCE, and designed so that you know what is REAL and what is Potential Violations, based on how the information provided to us were obtained.
The difference of knowing what is evidence and what is suspect is imperative for next steps! Ask to be invited to our FREE regularly scheduled online forums, where we show you ALL the specifics to
better understand why we are the "Most Trusted and Reliable Loan Audit Company" in the industry!
Call today to reserve your spot and attend this week!
The other importance of the mortgage audit findings is that it may be the grounds to help move a non-judicial foreclosure action (currently in 29 states), if necessary, into jurisdiction, which can STOP FORECLOSURE in its tracks. More importantly, borrowers regardless of financial hardship and payment history now have the chance for a better position to negotiate new terms or loan settlement. Violations found in a loan audit can help place the borrower in the offense! U.S. Lender Audit helps legal professionals navigate through the process with our learning channels, which we find critical for those legal advisors that are looking to make the audit solution part of their business practice. Information is only as good as the ones that know how best to use it. Let U.S. Lender Audit demonstrate our unparalelled litigation support for your firm today! Contact us now to get started with a private consultation or orientation from our team of specialists.
Under Section 6 of RESPA, borrowers who have a problem with the servicing of their loan (including escrow account questions or any such questions as to the possibility of fraud or validation of debt), should contact their loan servicer in writing, outlining the nature of their complaint. The servicer must acknowledge the complaint in writing within 20 business days of receipt of the complaint. Within 60 business days the servicer must resolve the complaint by correcting the account or giving a statement of the reasons for its position. Until the complaint is resolved, borrowers should continue to make the servicer's required payment.A borrower may bring a private law suit, or a group of borrowers may bring a class action suit, within three years, against a servicer who fails to comply with Section 6's provisions. Borrowers may obtain actual damages, as well as additional damages if there is a pattern of noncompliance.
The Lender will have 20 business days per the Real Estate Settlement Procedures Act (RESPA) to respond to the written request and 60 business days to try and settle this matter. In the event the Lender does not act within the timeframe's listed above, you may file "Documented Mortgage Complaints" to all appropriate local, state and federal regulatory agencies, as the servicer would be in serious default!
Now, a borrower can take a more offensive approach, and have a better chance of loan modification, principal and rate reduction, refund, or resission, regardless of their hardship or payment history!
SEE VIDEO PROOF! CLICK HERE!
ATTORNEY? Know how better to navigate your clients! Help them stay in their homes and work with legitimate strategy to help bring a claim or counter. Borrowers should know their rights before signing on the dotted line with loan modification, as they may be giving them away. Do they know what violations both within the loan documents and the lending environment allows them? Litigation and recourse opportunities at your fingertips. Have clients that want to sell? Better the chances for deep short sale pay-offs and removal of judgement deficiencies. Order a mortgage loan audit!
Find out why U.S. Lender Audit provides the most trusted Forensic Lender AuditTM?. Click Here.
U.S. Lender Audit provides the
Nation's #1,
MOST Comprehensive and Accurate
Forensic Loan AnalysisTM
identifying EVERY fraud or misrprentations made by lender, appraiser, broker, loan officers, processers, and more!
We can review your mortgage documentation and assist you to help submit on your behalf a qualified written request/report of our findings to your Lender. This report will detail all mortgage related issues found in the review process. Section 6 provides borrowers with important consumer protections relating to the servicing of their loans.
Protection of Credit Rating
During the 60-day period beginning on the date of the servicer's receipt from any borrower of a qualified written request relating to a dispute regarding the borrower's payments, a servicer may not provide information regarding any overdue payment, owed by such borrower and relating to such period or qualified written request, to any consumer reporting agency (as such term is defined under section 1681a of title 15).
Our mission is to help protect the "American Dream of Home Ownership". We offer a no obligation, free initial consultation to homeowners. Furthermore, our network of attorneys may help be able assist you before and after the audit, providing free consultations to help you understand next steps. We welcome the opportunity to talk with you and to discuss how we may assist in providing you with the means needed to potentially get you loan modification, discount to your pay-off, reduction of principal/payments/interest, or refund.
If you or someone you know has been victimized by an unlawful RESPA overcharge, or if you have any questions about any aspect of RESPA, don't wait. The deadlines for bringing a RESPA lawsuit can be short; if you delay, you could lose your right to bring a claim. However, the statute of limitations can be extended an additional three years or more upon the actual discovery of violations when all documentation has been proven received. Moreover, federal and state fraud, carries no stature of limitations.
Order Now or Call Toll Free: 888-8-AUDITING or 888-828-3484
Servicing All 50 states!
Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, District of Columbia, Florida, Georgia, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, South Dakota, Tennessee, Tampogo, Texas, Utah, Vermont, Virginia, Washington, West Virginia, Wisconsin, Wyoming.
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