Forensic Loan Audit

Posted on November 30, 2010


 A Forensic Loan Audit examines a mortgagor’s mortgage papers to see if there are any errors or illegalities such as  like lost documents, improper notices, appraisal and/or predatory lending so that if the mortgagor is being illegally foreclosed on, there may be something in the Truth in Lending Act (TILA)   Home Mortgage Disclosure Act (HMDA), Fair Housing Act (FHA) Equal Credit Opportunity Act (ECOA),or the Real Estate Settlement Procedures Act (RESPA) that can protect them.
Many adjustable rate mortgages have violations, and it helps if you have an examiner who is expert in loan fraud and predatory lending issues. If you have material TILA violations in your documents, there is a possibility to have your loan rescinded by your mortgagee.

See Axsmith Law for more information.