FORENSIC MORTGAGE AUDITS:

A Forensic Mortgage Audit (FMA) is a comprehensive review and analysis of all documentation related to an existing real estate loan. It is a detailed examination of all loan documents, borrower fees and lender actions during the mortgage process.

The Forensic Mortgage Audit will uncover and identify any errors, unfair or misleading practices, overcharges or other lending violations made during the mortgage process.

The FMA also determines if the mortgage is in compliance with RESPA, TILA, APR and other regulations. The report includes an initial client phone interview and a phone consultation to review the report's findings.

Why Get a Forensic Mortgage Audit?

Many Clients use a forensic mortgage audit as the starting point when seeking a loan modification from their lender. These borrowers may need the terms of their loan modified to save their home by stopping a foreclosure or bankruptcy settlement or if their mortgage is simply not affordable.

Under a loan modification, the lender makes the loan affordable by reducing the rate and/or payment, extending the fixed-rate period or reducing the loan balance. Since the Forensic Mortgage Audit identifies violations or inaccuracies, it can be used by borrowers as leverage to obtain a loan modification from the lender. The completed report can be sent to an attorney. You can also send your own official loan modification written request letter with the report directly to the lender.

The full cost for a Forensic Mortgage Audit is $995.