Make Your Side Stronger Before The Lenders With Forensic Audit Mortgage

There is a line of people who would strongly oppose to the idea of a mortgage audit. As for few, spending money on the auditor’s report of mortgage is a repelling idea and they might even suggest the same to others. However, what about someone who is on the verge of a foreclosure of his or her mortgage and never consulted legal help before signing the mortgage loan. For someone a naïve at such deals, the forensic audit can be proved a boon.

A Forensic Mortgage Audit is an extensive research and review of all the documentations pertaining to the loan that includes legal documents, transaction details and other attestations related to the real estate loan. A thorough forensic mortgage audit can point out any violations of the law made by the mortgage company, the broker, or any parties involved in the deal.

An experienced Forensic audit team, conducts the audit on all the documents made on the mortgage from the time the loan was applied and also a strict check on any emails, paper-work, faxes sent to you to make sure they were in accordance with the laws at the time the mortgage was signed.

While preparing the paperwork for a loan, a lender must abide by the laws and fulfill the legal requirements. Loan violations come under serious criminal offence and there are stringent laws against it. If any violation of law appears in the auditor’s report, they may be in for a big trouble and may have to face heavy consequences.

The financial institutions understand that a small miss in the legal documents can lead to serious consequences and they may have to pay hefty compensation for such misses, which is not acceptable for them. Thus, if any loophole surfaces, their best interest would be in an out of court settlement to avoid the charges levied on them and the financial setback. These loopholes or amiss are difficult to trace by a nonprofessional, but if scanned with the professional help or a forensic mortgage audit, these are easy to find out.

An auditors report can serve as a powerful tool when negotiating with the lender. If you want the lenders to agree to your terms, you are willing to modify the loan, the repayment structure or modifications in the error of documents, it is best to have an audit report by your side that will encourage your lender to talk to you.

Forensic Audits and Financial Fraud Examiners

Forensic audit is similar to tax audit and carried out with the purpose of investigating whether an individual/ group of individuals or a firm is involved in a financial fraud. Financial scams and frauds can be of various nature including money laundering, false insurance claims, financial statement frauds, embezzlements, mortgage frauds to name a few. The ultimate aim of a forensic audit, like other forensic investigations, is to collect evidence to be used in the court of law.

In the recent past, forced foreclosures have been carried out using illegal or forged or sometimes robo-signed documents. Robo-signing is a term used to describe a document that has been attested without the attesting authority knowing about the content of the document. When this fraud was exposed, the whole of the US came to learn about how people were illegally thrown out of their homes by Banks and other money lenders.

Forensic loan audit aims to scan all the loan documents and search for possible presence of loop-holes that may adversely and illegitimately affect the borrower. This is where Auditors and Forensic Analysts come into the picture. These are the specialists who aim to unearth frauds and scams. Certified Fraud Examiners are trained in the understanding of "hows and whys" of fraudulent transactions and documents. They are skilled in multiple disciplines like complex financial transactions and the associated laws and methodologies. Sometimes the frauds are not deliberate; errors can creep into documents and financial statements that can lead a firm into trouble. It is wise to get such analysis carried out and locate the inconsistencies before they take shape of a problem.

Mortgage Audits Online (MAO) is a business-only auditing service provider with a panel of experienced Certified Forensic Analysts. They combine their knowledge of the extant laws and couple it with modern tools to exhaustively analyze your documents and reveal errors and miscalculations. MAO also carries out Securitization Analysis and prepares Voluntary Lien Report for real estate.  MAO firmly believes that you can develop greater customer satisfaction in these times of mistrust if you keep your documents error free such that neither your business, nor your customer suffers in the long run. For the past five years, MAO has been doing just that and is the fastest growing mortgage auditing company in the United States.

Mortgage Analysis Online : Helping You Help Your Clients

News has been covering the uncovering of frauds more frequently than ever before in the past. You must be wondering if the financial world has gone to the dogs. The truth is that there are always some people in the systems that are looking for a short-cut to gain more money by bypassing the rules.

That is where Auditors and Forensic Analysts come into the picture. They are the good guys unearthing frauds and scams in the business world. Certified Fraud Examiners are professionals trained to gain an understanding of how and why frauds occur. They are experts in multiple disciplines like complex financial transactions and the associated laws and methodologies.

Predatory lending practices have led to a nationwide red alert. As is clear from the term itself, the lender literally hunts down a potential victim and feed on the financial gains at the cost of the borrower. Lenders that practice it, generally entice and even assist an unsuspecting borrower into taking a mortgage that will eventually, say in a year or two, make the latter go bankrupt.

Loan frauds are common in which the lender fabricates as well as conceals important terms of the mortgage. The lender at times verbally quote the borrower a lower rate of interest whereas on paper it might be much higher, many go even further and get blank papers signed by the borrower which they use to fabricate false information later. They can even get the borrower to lie about their earnings on papers which works against the borrower later, inviting higher rate of interests. It can be nothing short of a hellish nightmare for a borrower to watch himself/herself getting trapped in the quicksand of a predatory lending scheme.

Due to such practices, the role of Forensic Analysts is very important. They can help identify if a loan has malevolence hiding somewhere for the borrower. Errors and omissions may not be deliberate but even these are better off being spotted and corrected at the right time.

Mortgage Audits Online (MAO) provides auditing services to certified businesses. The well experienced Certified Forensic Analysts in our panel carry out exhaustive analysis using the modern tools to help you uncover errors and miscalculations in your loan(s). MAO also carries out Securitization Analysis and prepares Voluntary Lien Report for properties. All these services can help your clients with foreclosure defense, principal amount reduction and also fraud defense.

At MAO our experts use specialized software to provide analyses as per your client’s need at the most competitive price. All this has helped us become the fastest growing mortgage analysis company in the US.

Mortgage Audits Online: A Genuine B2B Audit Service Provider

In the past decade mortgage securitization should have made the mortgage lenders lenient towards their borrowers but it did not. There were still forced foreclosures being carried out by the former.

There are agencies out there to help individuals as well as businesses analyze the correctness and legality of deeds and account statements by Financial Auditing and procedures like Forensic Audit which can help determine ill-intentioned deliberate misrepresentation, intentional omission, manipulation and alteration of financial records/statements.

However not all such agencies are genuine; the internet is flooded with scam warnings of Mortgage Auditing Programs and Mortgage Audit Notices in email inboxes which offer to bring redemption to the borrowers from deceitful lenders. Unfortunately most of these are just another way to trap the gullible into paying a recurrent fee, without really delivering the promise.

Mortgage Audits Online (MAO) is a business-to-business auditing service provider, which has been in the market for a good five years now and helping consumer-advocates, fraud investigators and consultants by providing comprehensive research investigations using modern tools to provide conclusive results for the required tasks.

Amongst other things, MAO prepares voluntary lien report for any property containing complete details of its ownership transfers, mortgages, releases, foreclosure related notices, and trustee’s sales records. MAO carries out Securitization Analysis to ascertain whether your financing deal was legitimate and tracks whether a particular mortgage was securitized. MAO also carries out Forensic Audits that helps you uncover errors, frauds and miscalculations in your loan(s), which can help foreclosure defense, principal amount reduction or cases of fraud defense.

Such technically challenging and laborious tasks are carried out at MAO by a board of auditors with more than two and half decade of experience in private accounting, banking, real-estate and underwriting.

MAO understands that your business will grow if your customer is happy and it helps your business do well by being sensitive to the needs of your customer. For the past half a decade, it has grown by satisfying its affiliates by offering the best price and meeting deadlines, no matter how vast or intricate the task was.

Mortgage Audit Online: Mortgage Audits for Businesses

Mortgage Securitization is a process in which a lender (generally a bank) pools mortgages and sells them to investors, that is, gets paid for the loans it gave to the borrower and longer runs the risk of running a loss if the borrower fails to pay back. In the past decade most mortgages in the US were securitized. However this did not stop lenders from forcing foreclosures on the properties of borrowers when some of them failed to pay their mortgage. This is illegal, as after securitization, firstly the lender has been paid for the mortgage and secondly the mortgage no longer belongs to the original lender; it now belongs to the investors that bought it.

Securitization Audits are quintessential to know if the borrower's mortgage has been securitized or not. Forced foreclosures on securitized mortgages have led to some people being literally thrown-out on the streets and their houses taken away from them illegally. Needless to say, such occurrences of dishonesty also harm the business of sincere houses.

Mortgage Audits Online (MAO) is a Business-to-Business service provider, which for the past five years, has been devoted to helping consumer-advocates, fraud investigators and by providing in-depth research analyses using modern tools to provide decisive results for their respective needs. Amongst its services, MAO carries out Securitization Analysis to ascertain whether your financing deal was legitimate and tracks whether your mortgage was securitized. MAO also helps you expose inaccuracies, deliberate or otherwise, and miscalculations in your loan(s), which helps foreclosure defense, principal amount reduction or even fraud defense. MAO also prepares voluntary lien, which contains each and every detail of a piece of property including any ownership transfers, mortgages, releases, foreclosure related notices, and trustee's sales records. Such technically demanding and time consuming jobs are carried out at MAO by a panel of auditors with more than 25 years of experience in private accounting, banking, real-estate and underwriting.

MAO helps by being sensitive to the needs of your customer. For the past half a decade, it has grown by satisfying its affiliates by offering the best price and meeting deadlines, no matter how big or complicated the task.