A Forensic Mortgage Audit, also called a Forensic Loan Audit, is a detailed and comprehensive examination and analysis of all documentation related to an existing real estate loan. The FMA determines if the mortgage is in compliance with federal lending laws including RESPA, TILA, Reg. Z and HOEPA. It uncovers inaccurate calculations of APR, finance charges, rescission terms, excessive fees and predatory lending.
Why Get a Forensic Mortgage Audit?
Since the Forensic Mortgage Audit identifies violations of lending laws, it can be used by borrowers as leverage when negotiating with a lender to obtain a loan modification or short sale. Many of Loantech's 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.
COST: $395
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