Attorneys That Understand Foreclosure Defense

Law Firms
At Professional Mortgage Audit, we’re not here to replace your legal counsel—it’s our goal to work hand-in-hand with your attorney to help you avoid foreclosure and achieve a fair loan modification. With our in-depth loan audit report your attorney will be equipped to present a solid defense against wrongful foreclosure attempts.With foreclosure rates at an all-time high, more than 2.3 million American homeowners had their properties reclaimed by lenders in 2008. More and more consumers are seeking the services of real estate attorneys to help them fight wrongful foreclosure attempts and obtain beneficial loan modifications.When representing a client who is facing a potential foreclosure your most effective tool is an in-depth audit of the original loan. With a professional audit you will be more likely to achieve a desirable outcome in favor of your client.


Why Hire a Third-Party Loan Auditor?

Inspecting mortgage documentation requires a great deal of time and expertise. With an average of 15 years of experience in the legal and financial industries, our analysts complete each audit with efficiency and diligence, saving you countless hours of valuable time that could be spent on revenue-generating activities. Our services are affordable, reliable, and—most importantly—the results stand up in court.


Our Process

For each audit, we’ll begin by conducting in-depth interviews with the originating mortgage loan officer, the loan processor, any account executives assigned to the loan, and the real estate agent or developer. From there, we’ll analyze all transactions, paperwork, and communications, exposing any potential errors, ambiguities, miscalculations, or blatant legal violations.
It is important to make sure the attorney has an accurate file from the borrower. A forensic loan audit from Professional Mortgage Audit will disclose any violations made in the origination of the loan.


Forensic Audit Review
It is important to make sure the attorney has an accurate file from the borrower. A forensic loan audit from Professional Mortgage Audit will disclose any violations made in the origination of the loan regarding federal and state mortgage lending laws, including regulatory requirements to:
Truth In Lending
HOEPA (Section 32)
Predatory lending
Usury
Prohibited fees
Fees limits or 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
Balloon payment prohibitions
Payment and other term limitations
Escrow and impound restrictions
Critical aspects of the eligibility requirements of the Home Affordable Modification Program