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:

• PREDATORY LENDING PRACTICES OR DECEPTIVE LENDING PRACTICES
• 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.