Why should I use Professional Mortgage Audit?
At Professional Mortgage Audit our teams of experienced examiners are equipped to perform a thorough examination of all documentation related to your mortgage loan. Understanding the Truth in Lending Act ("TILA"), as amended by the Home Ownership & Equity Protection Act ("HOEPA") and Federal Reserve Board Regulation Z, we are trained to recognize aggressive lending practices and predatory transactions. A thorough audit will provide alternatives and solutions to assist with a loan modification or foreclosure defense. A professional audit is a critical part of understanding a borrower's options for the positioning of an appropriate loan work out.
Reasons Why You Need a Loan Audit?
When faced with a mortgage crisis or representing a consumer battling foreclosure, the most important thing you can do is to protect yourself with a loan audit. A professional loan audit will examine all of the complex clauses and disclosures contained in the original mortgage loan. You’ll be provided with a detailed report identifying any errors or violations, which can then be used as leverage when contesting foreclosure or initiating a loan modification.
How can a proper loan audit assist you?
Obtain optimum rates and terms for a modified loanDispute claims of default or negligence filed by the lenderIdentify what specific laws were broken by the lender during the filing of the mortgagePotentially claim interest paid toward the violating loanFormulate a well-planned, effective defense against foreclosure motions
Will an audit support my defense?
Forensic audits are important to gain the attention of the loss mitigation departments of major lenders and servicers. The Audit demonstrates that the borrower is being represented by a competent professional, who negotiates promptly to seek a positive resolution for all parties involved.
How can an Audit help me if I’m facing Foreclosure?
When facing a foreclosure the purpose of an audit is a way to leverage negotiations with the lender and servicer. Audits will uncover violations of federal and state consumer protection laws relating to mortgage lending. This may enable the borrower to rescind (cancel) the loan, serve to deter a foreclosure, or may entitle the borrower to refunds or monetary damages. However; many borrwers can not prove hardship, have no equity in their homes and do not have sufficient income to support a loan modification. A forensic loan audit is the only means of preventing foreclosure proceedings and convincing the lender to agree to new loan terms.
I am an Attorney why do I need an Audit?
At Professional Mortgage Audit, we’re not here to replace your legal counsel—it’s our goal to work hand-in-hand with attorneys to help avoid foreclosure and achieve a fair loan modification for their clients. With our in-depth loan audit report you will be equipped to present a solid defense against wrongful foreclosure attempts.
How do I contact Professional Mortgage Audit?
Complete the form on the contact us page and one of our audit specialist will contact you.
Tel: 877-877-0922 E: info@pmaudits.com Wesite: http://www.pmaudits.com
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