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.
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.
