Mortgage Loan Audit

What is Forensic Mortgage Loan Audit

A Mortgage Forensic Audit or Forensic Loan Audit is to determine if any STATE or FEDERAL laws were violated during the origination and/or servicing of your Mortgage. Your mortgage and loan documents should be scrutinized for:

  • Violations under STATE and FEDERAL LAWS including RESPA, TILA or HOEPA
  • CONSUMER PROTECTION LAW violations including UNFAIR, ABUSIVE or FRAUDULENT business practices:
  • Violations relating to how your fees and/or interest was calculated
  • When any violations are found in your loan documents you may use these violations as legal leverage to either:
  • Sue your Lender in Federal Court for damages
  • Negotiate A More Affordable Mortgage Payment
  • While performing a forensic loan audit, or mortgage forensic audit, Saud will review your mortgage loan documents for compliance with over 100 federal and state mortgage lending laws, including regulatory requirements related to:
  • Mortgage Electronic Registration System (MERS)
  • Truth in Lending Act (TILA)
  • Home ownership and equity protection act (HOEPA)
  • Real Estate Settlement and Procedures Act (RESPA)
  • Home Mortgage Disclosure Act (HMDA)
  • Fair Housing Act (FHA)
  • Equal Credit Opportunity Act (ECOA)
  • State and Federal Predatory Lending Laws; Lender Fraud
  • Usury
  • Prohibited fees
  • Fee limits and other restrictions
  • Higher-rate, higher-risk, higher-priced, subprime, nonprime, and rate spread laws
  • Prepayment penalty enforceability
  • Late fees and grace periods
  • Interest calculation and accrual requirements
  • Debt -to-income requirements
  • Loan-to-value requirements
  • Negative amortization prohibitions
  • Payment and other term limitations
  • Escrow and impound restrictions
  • Critical aspects of the eligibility requirements of the Home Affordable Modification Program

Saud A.H. KhokharREALTOR®, BPOR – Broker Price Opinion Resources Specialist, CIPS® – Certified International Property Specialist, e-PRO® – Electronic Marketing Specialist, SFR® – Short Sale and Foreclosure Resources Specialist, SRES® – Senior Real Estate Specialist, International Business and Financial Consultant, Professional Paralegal, Licensed Real Estate Broker, Licensed Mortgage Broker – New York State Department of Financial Services – Third Party Loan Providers (NMLS # 140381) (Mortgage Loan Officer NMLS #148213), Licensed Insurance Broker & Life and Health Agent (New York & New Jersey)

1090 Coney island Avenue, Ground Floor, Room #1
Brooklyn, New York 11230
Telephone: (718) 768-1474
Fax: (347)770-8919
Toll Free for Mortgage Loans: (800) 852-2820