A Mortgage Audit – Professional Securitization Audits #mortgage #amortization #schedule


#mortgage audit

#

Many homeowners in the United States today may have fallen victim to fraudulent or predatory lending practices.

Homeowners and Attorneys helping them who are looking to have their mortgage loan terms changed in any manner must first determine the reasons, if any, that a bank should help them.

Please watch the video to the right. We have been providing usable evidence in court to help homeowners who ask the lender to “produce the properly endorsed note”.

What laws does a Mortgage Securitization
Audit show have been violated?

What does a Securitization
audit do?

The Pooling and Servicing Agreement Violations
Truth in lending Act ( TILA ) section 131
Provisions of the Universal Service Code and MERS
Deed of Trust and Note Enforcement
The United States Supreme Court Rule 4
HOEPA Act in conjunction with RESPA
Predatory Lending Act
Home Mortgage Disclosures Act

What is a standard Closed Loan Legal Securitization
Chain Title and Analysis Audit?

A Standard Securitization Audit is a comprehensive report detailing borrowers mortgage loan participants and the transactions between them. We have spent years developing and perfecting our audits, so that each party that utilizes the audit for reference, can have a clear and concise understanding of what rules, regulations or laws may have been side-stepped or even broken.

The reports are designed to provide facts for law firms and other professionals, to utilize, while helping homeowners throughout the United States to protect their rights.

To complete an audit, an auditor checks through available public and/or private databases to locate the pool, pools or group(s) of pools claiming to have ownership of the borrowers loan. We use each available resource to find an actual mention of the note, either through loan number, address, loan size, loan type or other loan specific details. Otherwise, we will use the Closing dates and Cut-off dates for
the specific pools that the loan may be in. We search through the 424B5 Prospectus and the Pooling
and Servicing Agreements. If a 15-15d Suspension of Duty to Report is filed we can provide that as well.

It is found on many mortgage loans, that there is no recorded and perfected Chain of Assignment.

Nor, is there a proper chain of endorsements record in any Securitized Loan, or proper assignment history that goes from the lender, to the Sponsor, to the Depositor, and lastly, to the Trust, as required by most Pooling and Servicing Agreements.

Based on Pooling Servicing Agreements, each securitized loan is required to have a minimum of three (3) endorsements if the loan was not sold directly to the Trust. Many times, we find no assignment of Beneficiary recorded when the transfers purportedly took place. This is why the lenders (inappropriately) designed and created MERS. The idea was to allow MERS to appear and the actual deeds would be kept in the name of MERS as Nominee for the Beneficiary . This allowed MERS to appear to be the Beneficiary and avoid the expenses of recording Assignments at each transfer, usually about $30 per recording.

We have also found this is where many Attorney Generals have taken up a fight against MERS as well. The States have admitted that this process costs them over 3 Billion dollars in recording fees and hence the lawsuits they have initiated against MERS and many of the large Lenders across the United States. This is still appending issue that we are closely monitoring as of august 2011

Sometimes it is seen the original mortgage note, endorsed without recourse in blank by the last endorsee. Any Assignment of the Deed to the Trust will almost always occur after a Notice of Default is filed and the Assignment is made from the lender or MERS to the Trust. This is done to establish Beneficiary Rights in the mind of the Trust. It also tries to unite the Note and the Deed for Legal Standing to foreclosure.

An audit generally has been concluding there is a chain of ownership that has not been properly executed, and that any party trying to foreclose needs to present clear ownership and explain why they have a clear right to foreclose.

A Securitization Audit can provide you
with an unparalleled look at how the note was securitized, and
transferred to provide real proof of malfeasance to give you
more leverage with the lender.

securitization audits – securitization audit reports – who owns my note- forensic mortgage audits, mortgage audits. forensic audits, Mortgage Modification, mortgage audit, mortgage auditing, Law Firm, Lawyer working in foreclosure defense -Mortgage Audit, mortgage auditing, foreclosure help -foreclosure prevention forensic mortgage audit – mortgage audit – forensic audit- loan audit – forensic loan- professional loan audit – mortgage audit- mortgage auditing- Law Firm- Lawyer working in modification- forensic mortgage audits- mortgage audits – forensic audits- loan mortgage- – mortgage loan audit- loan audits- mortgage – mortgage notes – loan notes – mortgage loan notes – fix my mortgage- help my foreclosure- foreclosure lawyer- foreclosure defense- loan lawyer- law firm – real etstate lawyer


A Mortgage Audit – Professional Securitization Audits #easy #mortgage #calculator


#mortgage audit

#

Many homeowners in the United States today may have fallen victim to fraudulent or predatory lending practices.

Homeowners and Attorneys helping them who are looking to have their mortgage loan terms changed in any manner must first determine the reasons, if any, that a bank should help them.

Please watch the video to the right. We have been providing usable evidence in court to help homeowners who ask the lender to “produce the properly endorsed note”.

What laws does a Mortgage Securitization
Audit show have been violated?

What does a Securitization
audit do?

The Pooling and Servicing Agreement Violations
Truth in lending Act ( TILA ) section 131
Provisions of the Universal Service Code and MERS
Deed of Trust and Note Enforcement
The United States Supreme Court Rule 4
HOEPA Act in conjunction with RESPA
Predatory Lending Act
Home Mortgage Disclosures Act

What is a standard Closed Loan Legal Securitization
Chain Title and Analysis Audit?

A Standard Securitization Audit is a comprehensive report detailing borrowers mortgage loan participants and the transactions between them. We have spent years developing and perfecting our audits, so that each party that utilizes the audit for reference, can have a clear and concise understanding of what rules, regulations or laws may have been side-stepped or even broken.

The reports are designed to provide facts for law firms and other professionals, to utilize, while helping homeowners throughout the United States to protect their rights.

To complete an audit, an auditor checks through available public and/or private databases to locate the pool, pools or group(s) of pools claiming to have ownership of the borrowers loan. We use each available resource to find an actual mention of the note, either through loan number, address, loan size, loan type or other loan specific details. Otherwise, we will use the Closing dates and Cut-off dates for
the specific pools that the loan may be in. We search through the 424B5 Prospectus and the Pooling
and Servicing Agreements. If a 15-15d Suspension of Duty to Report is filed we can provide that as well.

It is found on many mortgage loans, that there is no recorded and perfected Chain of Assignment.

Nor, is there a proper chain of endorsements record in any Securitized Loan, or proper assignment history that goes from the lender, to the Sponsor, to the Depositor, and lastly, to the Trust, as required by most Pooling and Servicing Agreements.

Based on Pooling Servicing Agreements, each securitized loan is required to have a minimum of three (3) endorsements if the loan was not sold directly to the Trust. Many times, we find no assignment of Beneficiary recorded when the transfers purportedly took place. This is why the lenders (inappropriately) designed and created MERS. The idea was to allow MERS to appear and the actual deeds would be kept in the name of MERS as Nominee for the Beneficiary . This allowed MERS to appear to be the Beneficiary and avoid the expenses of recording Assignments at each transfer, usually about $30 per recording.

We have also found this is where many Attorney Generals have taken up a fight against MERS as well. The States have admitted that this process costs them over 3 Billion dollars in recording fees and hence the lawsuits they have initiated against MERS and many of the large Lenders across the United States. This is still appending issue that we are closely monitoring as of august 2011

Sometimes it is seen the original mortgage note, endorsed without recourse in blank by the last endorsee. Any Assignment of the Deed to the Trust will almost always occur after a Notice of Default is filed and the Assignment is made from the lender or MERS to the Trust. This is done to establish Beneficiary Rights in the mind of the Trust. It also tries to unite the Note and the Deed for Legal Standing to foreclosure.

An audit generally has been concluding there is a chain of ownership that has not been properly executed, and that any party trying to foreclose needs to present clear ownership and explain why they have a clear right to foreclose.

A Securitization Audit can provide you
with an unparalleled look at how the note was securitized, and
transferred to provide real proof of malfeasance to give you
more leverage with the lender.

securitization audits – securitization audit reports – who owns my note- forensic mortgage audits, mortgage audits. forensic audits, Mortgage Modification, mortgage audit, mortgage auditing, Law Firm, Lawyer working in foreclosure defense -Mortgage Audit, mortgage auditing, foreclosure help -foreclosure prevention forensic mortgage audit – mortgage audit – forensic audit- loan audit – forensic loan- professional loan audit – mortgage audit- mortgage auditing- Law Firm- Lawyer working in modification- forensic mortgage audits- mortgage audits – forensic audits- loan mortgage- – mortgage loan audit- loan audits- mortgage – mortgage notes – loan notes – mortgage loan notes – fix my mortgage- help my foreclosure- foreclosure lawyer- foreclosure defense- loan lawyer- law firm – real etstate lawyer


Forensic Loan Audits #mortgage #underwriter #jobs


#mortgage audit

#

Forensic Loan Audits

Fraudulent foreclosure “rescue” professionals use half-truths and outright lies to sell services that promise relief to homeowners in distress. According to the Federal Trade Commission (FTC), the nation’s consumer protection agency, the latest foreclosure rescue scam to exploit financially strapped homeowners pitches forensic mortgage loan audits.

In exchange for an upfront fee of several hundred dollars, so-called forensic loan auditors, mortgage loan auditors, or foreclosure prevention auditors backed by forensic attorneys offer to review your mortgage loan documents to determine whether your lender complied with state and federal mortgage lending laws. The “auditors” say you can use the audit report to avoid foreclosure, accelerate the loan modification process, reduce your loan principal, or even cancel your loan.

Nothing could be further from the truth. According to the FTC and its law enforcement partners:

  • there is no evidence that forensic loan audits will help you get a loan modification or any other foreclosure relief, even if they’re conducted by a licensed, legitimate and trained auditor, mortgage professional or lawyer.
  • some federal laws allow you to sue your lender based on errors in your loan documents. But even if you sue and win, your lender is not required to modify your loan simply to make your payments more affordable.
  • if you cancel your loan, you will have to return the borrowed money, which may result in you losing your home.

If you are in default on your mortgage or facing foreclosure, you may be targeted by a foreclosure rescue scam. The FTC wants you to know how to recognize the telltale signs and report them. If you are faced with foreclosure, the FTC says legitimate options are available to help you save your home.

Spotting a Scam

If you’re looking for foreclosure prevention help, avoid any business that:

  • guarantees to stop the foreclosure process – no matter what your circumstances are
  • instructs you not to contact your lender, lawyer or credit or housing counselor
  • collects a fee before providing any services accepts payment only by cashier’s check or wire transfer
  • encourages you to lease your home so you can buy it back over time
  • recommends that you make your mortgage payments directly to it, rather than your lender
  • urges you to transfer your property deed or title to it
  • offers to buy your house for cash at a fixed price that is inappropriate for the housing market
  • pressures you to sign papers you haven’t had a chance to read thoroughly or that you don’t understand.

Finding Legitimate Help

Housing experts say that when you’re behind on your mortgage payments, maintaining communication with your lender is the most important thing you can do. Contact your lender or servicer immediately if you’re having trouble paying your mortgage or you have received a foreclosure notice. You may be able to negotiate a new repayment schedule.

Call 1-888-995-HOPE for free personalized advice from housing counseling agencies certified by the U.S. Department of Housing and Urban Development (HUD). This national hotline – open 24/7 – is operated by the Homeownership Preservation Foundation, a nonprofit member of the HOPE NOW Alliance of mortgage industry members and HUD-certified counseling agencies. For free guidance online, visit www.hopenow.com. For free information on the President’s plan to help homeowners, visit www.makinghomeaffordable.gov .

Reporting Fraud

If you think you’ve been dealing with a foreclosure fraudster, contact:

This article was previously available as Forensic Mortgage Loan Audit Scams: A New Twist on Foreclosure Rescue Fraud .


Types of Mortgage Banking Audits #get #a #mortgage


#mortgage audit

#

Mortgage Banking Audits

Post-Closing Audit Solutions

QMS offers comprehensive audit solutions to its clients by using a proven audit methodology through its proprietary MARS auditing software. QMS is staffed with experienced auditors knowledgeable of the many agency and investor guidelines and regulations.

QMS quality control staff is specialized to handle quality control programs while enabling mortgage bankers to reduce costs.

Without a thorough and accurate understanding of present mortgage compliance and agency guidelines, mortgage auditing loses much of its value. Thankfully, there are experts who are active with rule mark ups in the mortgage banking industry that directly affect mortgage quality control programs. You can trust the experts at Quality Mortgage Services to handle your mortgage quality control audit from start to finish.

Early Payment Default

Unfortunate things happen to good people. Mortgage defaults are a major setback for mortgage professionals. Many times mortgage defaults are caused by unfortunate things happening to good borrowers such as a job loss, illness, death, divorce, or other things that disrupt their lives. The industry wants to know why mortgage defaults occur. Mortgage investors and mortgage insurance companies want to find out if there were any poor lending practices during the loan process, or if the file contained material defects.

Repurchase Defense and Loan Buy Back Audits

Quality Mortgage Services has been performing repurchase defense or responses to claim letters before the mortgage periodicals were writing about repurchase defense and loans. There is hundreds of post-closing quality control and QC consultants who claim to be experts in mortgage loan repurchase defense, loan buy back audits, and loan rebuttals. Think about it… do you want a company to perform a rebuttal on a repurchase claim for you who has only been around since the bust of the sub-prime bubble?

There is too much money at risk to trust a green company in such an endeavor. The owner may have performed repurchase rebuttals while working for a large bank somewhere but what about the staff and auditors? With the volume of repurchase claims that the industry is facing, why risk it? Quality Mortgage Services has been addressing repurchase defense and mortgage claim rebuttals since the inception and the QC auditors have proven success.

Federal Regulatory Reviews

Banks and Credit Unions do an outstanding job at staying on top of quality control, especially, when it comes to federal regulatory audits because of the number of banking oversight agencies who dabble in banking. Quality Mortgage Services offers a comprehensive federal regulatory audit for mortgage bankers who need visibility on the regulatory risk in mortgage loans. The lack of mortgage compliance or mortgage servicing compliance may result in agency fines and potential litigation. The federal regulatory audits reports and servicing QC will bring forward regulatory discrepancies so that banks can tighten loan officer training, procedures, and process during the loan process as well as loan servicing. The federal regulatory audits will help the compliance officer see the trends from the various loan types and see weakness in the process.

HMDA Audits

The Home Mortgage Disclosure Act (HMDA) requires financial institutions to report the ethnicity, race, gender, and gross income of mortgage applicants and borrowers. During this process, lenders must also report information regarding the pricing of the loan and whether the loan is subject to the Home Ownership and Equity Protection Act.

Quality Mortgage Services, LLC (QMS) is pleased to offer financial institutions the necessary support to help them stay compliant with the HMDA LAR report and requirements.

Our team of experts is ready to assist you:

  • Evaluate the financial institution’s compliance management system to ensure compliance with HMDA.
  • Validate the financial institution’s internal control, policies and procedures, compliance review and audit procedures for HMDA.
  • Determine the accuracy and delivery of the HMDA LAR Report.
  • Assist in establishing corrective measures to help minimize errors and reporting.
  • Data Entry: QMS will provide data entry into DES for the client and provide an updated .dot file per each submission.
  • HMDA Scrub: QMS will validate the accuracy of the data and provide a report of exceptions.
  • HMDA Correction: QMS will make corrections to the .dot file for the lender’s submission.

Reviews


Types of Mortgage Banking Audits #current #interest #rates


#mortgage audit

#

Mortgage Banking Audits

Post-Closing Audit Solutions

QMS offers comprehensive audit solutions to its clients by using a proven audit methodology through its proprietary MARS auditing software. QMS is staffed with experienced auditors knowledgeable of the many agency and investor guidelines and regulations.

QMS quality control staff is specialized to handle quality control programs while enabling mortgage bankers to reduce costs.

Without a thorough and accurate understanding of present mortgage compliance and agency guidelines, mortgage auditing loses much of its value. Thankfully, there are experts who are active with rule mark ups in the mortgage banking industry that directly affect mortgage quality control programs. You can trust the experts at Quality Mortgage Services to handle your mortgage quality control audit from start to finish.

Early Payment Default

Unfortunate things happen to good people. Mortgage defaults are a major setback for mortgage professionals. Many times mortgage defaults are caused by unfortunate things happening to good borrowers such as a job loss, illness, death, divorce, or other things that disrupt their lives. The industry wants to know why mortgage defaults occur. Mortgage investors and mortgage insurance companies want to find out if there were any poor lending practices during the loan process, or if the file contained material defects.

Repurchase Defense and Loan Buy Back Audits

Quality Mortgage Services has been performing repurchase defense or responses to claim letters before the mortgage periodicals were writing about repurchase defense and loans. There is hundreds of post-closing quality control and QC consultants who claim to be experts in mortgage loan repurchase defense, loan buy back audits, and loan rebuttals. Think about it… do you want a company to perform a rebuttal on a repurchase claim for you who has only been around since the bust of the sub-prime bubble?

There is too much money at risk to trust a green company in such an endeavor. The owner may have performed repurchase rebuttals while working for a large bank somewhere but what about the staff and auditors? With the volume of repurchase claims that the industry is facing, why risk it? Quality Mortgage Services has been addressing repurchase defense and mortgage claim rebuttals since the inception and the QC auditors have proven success.

Federal Regulatory Reviews

Banks and Credit Unions do an outstanding job at staying on top of quality control, especially, when it comes to federal regulatory audits because of the number of banking oversight agencies who dabble in banking. Quality Mortgage Services offers a comprehensive federal regulatory audit for mortgage bankers who need visibility on the regulatory risk in mortgage loans. The lack of mortgage compliance or mortgage servicing compliance may result in agency fines and potential litigation. The federal regulatory audits reports and servicing QC will bring forward regulatory discrepancies so that banks can tighten loan officer training, procedures, and process during the loan process as well as loan servicing. The federal regulatory audits will help the compliance officer see the trends from the various loan types and see weakness in the process.

HMDA Audits

The Home Mortgage Disclosure Act (HMDA) requires financial institutions to report the ethnicity, race, gender, and gross income of mortgage applicants and borrowers. During this process, lenders must also report information regarding the pricing of the loan and whether the loan is subject to the Home Ownership and Equity Protection Act.

Quality Mortgage Services, LLC (QMS) is pleased to offer financial institutions the necessary support to help them stay compliant with the HMDA LAR report and requirements.

Our team of experts is ready to assist you:

  • Evaluate the financial institution’s compliance management system to ensure compliance with HMDA.
  • Validate the financial institution’s internal control, policies and procedures, compliance review and audit procedures for HMDA.
  • Determine the accuracy and delivery of the HMDA LAR Report.
  • Assist in establishing corrective measures to help minimize errors and reporting.
  • Data Entry: QMS will provide data entry into DES for the client and provide an updated .dot file per each submission.
  • HMDA Scrub: QMS will validate the accuracy of the data and provide a report of exceptions.
  • HMDA Correction: QMS will make corrections to the .dot file for the lender’s submission.

Reviews


A Mortgage Audit – Professional Securitization Audits #nfcu #mortgage #rates


#mortgage audit

#

Many homeowners in the United States today may have fallen victim to fraudulent or predatory lending practices.

Homeowners and Attorneys helping them who are looking to have their mortgage loan terms changed in any manner must first determine the reasons, if any, that a bank should help them.

Please watch the video to the right. We have been providing usable evidence in court to help homeowners who ask the lender to “produce the properly endorsed note”.

What laws does a Mortgage Securitization
Audit show have been violated?

What does a Securitization
audit do?

The Pooling and Servicing Agreement Violations
Truth in lending Act ( TILA ) section 131
Provisions of the Universal Service Code and MERS
Deed of Trust and Note Enforcement
The United States Supreme Court Rule 4
HOEPA Act in conjunction with RESPA
Predatory Lending Act
Home Mortgage Disclosures Act

What is a standard Closed Loan Legal Securitization
Chain Title and Analysis Audit?

A Standard Securitization Audit is a comprehensive report detailing borrowers mortgage loan participants and the transactions between them. We have spent years developing and perfecting our audits, so that each party that utilizes the audit for reference, can have a clear and concise understanding of what rules, regulations or laws may have been side-stepped or even broken.

The reports are designed to provide facts for law firms and other professionals, to utilize, while helping homeowners throughout the United States to protect their rights.

To complete an audit, an auditor checks through available public and/or private databases to locate the pool, pools or group(s) of pools claiming to have ownership of the borrowers loan. We use each available resource to find an actual mention of the note, either through loan number, address, loan size, loan type or other loan specific details. Otherwise, we will use the Closing dates and Cut-off dates for
the specific pools that the loan may be in. We search through the 424B5 Prospectus and the Pooling
and Servicing Agreements. If a 15-15d Suspension of Duty to Report is filed we can provide that as well.

It is found on many mortgage loans, that there is no recorded and perfected Chain of Assignment.

Nor, is there a proper chain of endorsements record in any Securitized Loan, or proper assignment history that goes from the lender, to the Sponsor, to the Depositor, and lastly, to the Trust, as required by most Pooling and Servicing Agreements.

Based on Pooling Servicing Agreements, each securitized loan is required to have a minimum of three (3) endorsements if the loan was not sold directly to the Trust. Many times, we find no assignment of Beneficiary recorded when the transfers purportedly took place. This is why the lenders (inappropriately) designed and created MERS. The idea was to allow MERS to appear and the actual deeds would be kept in the name of MERS as Nominee for the Beneficiary . This allowed MERS to appear to be the Beneficiary and avoid the expenses of recording Assignments at each transfer, usually about $30 per recording.

We have also found this is where many Attorney Generals have taken up a fight against MERS as well. The States have admitted that this process costs them over 3 Billion dollars in recording fees and hence the lawsuits they have initiated against MERS and many of the large Lenders across the United States. This is still appending issue that we are closely monitoring as of august 2011

Sometimes it is seen the original mortgage note, endorsed without recourse in blank by the last endorsee. Any Assignment of the Deed to the Trust will almost always occur after a Notice of Default is filed and the Assignment is made from the lender or MERS to the Trust. This is done to establish Beneficiary Rights in the mind of the Trust. It also tries to unite the Note and the Deed for Legal Standing to foreclosure.

An audit generally has been concluding there is a chain of ownership that has not been properly executed, and that any party trying to foreclose needs to present clear ownership and explain why they have a clear right to foreclose.

A Securitization Audit can provide you
with an unparalleled look at how the note was securitized, and
transferred to provide real proof of malfeasance to give you
more leverage with the lender.

securitization audits – securitization audit reports – who owns my note- forensic mortgage audits, mortgage audits. forensic audits, Mortgage Modification, mortgage audit, mortgage auditing, Law Firm, Lawyer working in foreclosure defense -Mortgage Audit, mortgage auditing, foreclosure help -foreclosure prevention forensic mortgage audit – mortgage audit – forensic audit- loan audit – forensic loan- professional loan audit – mortgage audit- mortgage auditing- Law Firm- Lawyer working in modification- forensic mortgage audits- mortgage audits – forensic audits- loan mortgage- – mortgage loan audit- loan audits- mortgage – mortgage notes – loan notes – mortgage loan notes – fix my mortgage- help my foreclosure- foreclosure lawyer- foreclosure defense- loan lawyer- law firm – real etstate lawyer


Forensic Loan Audits #pmi #mortgage #insurance


#mortgage audit

#

Forensic Loan Audits

Fraudulent foreclosure “rescue” professionals use half-truths and outright lies to sell services that promise relief to homeowners in distress. According to the Federal Trade Commission (FTC), the nation’s consumer protection agency, the latest foreclosure rescue scam to exploit financially strapped homeowners pitches forensic mortgage loan audits.

In exchange for an upfront fee of several hundred dollars, so-called forensic loan auditors, mortgage loan auditors, or foreclosure prevention auditors backed by forensic attorneys offer to review your mortgage loan documents to determine whether your lender complied with state and federal mortgage lending laws. The “auditors” say you can use the audit report to avoid foreclosure, accelerate the loan modification process, reduce your loan principal, or even cancel your loan.

Nothing could be further from the truth. According to the FTC and its law enforcement partners:

  • there is no evidence that forensic loan audits will help you get a loan modification or any other foreclosure relief, even if they’re conducted by a licensed, legitimate and trained auditor, mortgage professional or lawyer.
  • some federal laws allow you to sue your lender based on errors in your loan documents. But even if you sue and win, your lender is not required to modify your loan simply to make your payments more affordable.
  • if you cancel your loan, you will have to return the borrowed money, which may result in you losing your home.

If you are in default on your mortgage or facing foreclosure, you may be targeted by a foreclosure rescue scam. The FTC wants you to know how to recognize the telltale signs and report them. If you are faced with foreclosure, the FTC says legitimate options are available to help you save your home.

Spotting a Scam

If you’re looking for foreclosure prevention help, avoid any business that:

  • guarantees to stop the foreclosure process – no matter what your circumstances are
  • instructs you not to contact your lender, lawyer or credit or housing counselor
  • collects a fee before providing any services accepts payment only by cashier’s check or wire transfer
  • encourages you to lease your home so you can buy it back over time
  • recommends that you make your mortgage payments directly to it, rather than your lender
  • urges you to transfer your property deed or title to it
  • offers to buy your house for cash at a fixed price that is inappropriate for the housing market
  • pressures you to sign papers you haven’t had a chance to read thoroughly or that you don’t understand.

Finding Legitimate Help

Housing experts say that when you’re behind on your mortgage payments, maintaining communication with your lender is the most important thing you can do. Contact your lender or servicer immediately if you’re having trouble paying your mortgage or you have received a foreclosure notice. You may be able to negotiate a new repayment schedule.

Call 1-888-995-HOPE for free personalized advice from housing counseling agencies certified by the U.S. Department of Housing and Urban Development (HUD). This national hotline – open 24/7 – is operated by the Homeownership Preservation Foundation, a nonprofit member of the HOPE NOW Alliance of mortgage industry members and HUD-certified counseling agencies. For free guidance online, visit www.hopenow.com. For free information on the President’s plan to help homeowners, visit www.makinghomeaffordable.gov .

Reporting Fraud

If you think you’ve been dealing with a foreclosure fraudster, contact:

This article was previously available as Forensic Mortgage Loan Audit Scams: A New Twist on Foreclosure Rescue Fraud .


A Mortgage Audit – Professional Securitization Audits #standard #mortgage


#mortgage audit

#

Many homeowners in the United States today may have fallen victim to fraudulent or predatory lending practices.

Homeowners and Attorneys helping them who are looking to have their mortgage loan terms changed in any manner must first determine the reasons, if any, that a bank should help them.

Please watch the video to the right. We have been providing usable evidence in court to help homeowners who ask the lender to “produce the properly endorsed note”.

What laws does a Mortgage Securitization
Audit show have been violated?

What does a Securitization
audit do?

The Pooling and Servicing Agreement Violations
Truth in lending Act ( TILA ) section 131
Provisions of the Universal Service Code and MERS
Deed of Trust and Note Enforcement
The United States Supreme Court Rule 4
HOEPA Act in conjunction with RESPA
Predatory Lending Act
Home Mortgage Disclosures Act

What is a standard Closed Loan Legal Securitization
Chain Title and Analysis Audit?

A Standard Securitization Audit is a comprehensive report detailing borrowers mortgage loan participants and the transactions between them. We have spent years developing and perfecting our audits, so that each party that utilizes the audit for reference, can have a clear and concise understanding of what rules, regulations or laws may have been side-stepped or even broken.

The reports are designed to provide facts for law firms and other professionals, to utilize, while helping homeowners throughout the United States to protect their rights.

To complete an audit, an auditor checks through available public and/or private databases to locate the pool, pools or group(s) of pools claiming to have ownership of the borrowers loan. We use each available resource to find an actual mention of the note, either through loan number, address, loan size, loan type or other loan specific details. Otherwise, we will use the Closing dates and Cut-off dates for
the specific pools that the loan may be in. We search through the 424B5 Prospectus and the Pooling
and Servicing Agreements. If a 15-15d Suspension of Duty to Report is filed we can provide that as well.

It is found on many mortgage loans, that there is no recorded and perfected Chain of Assignment.

Nor, is there a proper chain of endorsements record in any Securitized Loan, or proper assignment history that goes from the lender, to the Sponsor, to the Depositor, and lastly, to the Trust, as required by most Pooling and Servicing Agreements.

Based on Pooling Servicing Agreements, each securitized loan is required to have a minimum of three (3) endorsements if the loan was not sold directly to the Trust. Many times, we find no assignment of Beneficiary recorded when the transfers purportedly took place. This is why the lenders (inappropriately) designed and created MERS. The idea was to allow MERS to appear and the actual deeds would be kept in the name of MERS as Nominee for the Beneficiary . This allowed MERS to appear to be the Beneficiary and avoid the expenses of recording Assignments at each transfer, usually about $30 per recording.

We have also found this is where many Attorney Generals have taken up a fight against MERS as well. The States have admitted that this process costs them over 3 Billion dollars in recording fees and hence the lawsuits they have initiated against MERS and many of the large Lenders across the United States. This is still appending issue that we are closely monitoring as of august 2011

Sometimes it is seen the original mortgage note, endorsed without recourse in blank by the last endorsee. Any Assignment of the Deed to the Trust will almost always occur after a Notice of Default is filed and the Assignment is made from the lender or MERS to the Trust. This is done to establish Beneficiary Rights in the mind of the Trust. It also tries to unite the Note and the Deed for Legal Standing to foreclosure.

An audit generally has been concluding there is a chain of ownership that has not been properly executed, and that any party trying to foreclose needs to present clear ownership and explain why they have a clear right to foreclose.

A Securitization Audit can provide you
with an unparalleled look at how the note was securitized, and
transferred to provide real proof of malfeasance to give you
more leverage with the lender.

securitization audits – securitization audit reports – who owns my note- forensic mortgage audits, mortgage audits. forensic audits, Mortgage Modification, mortgage audit, mortgage auditing, Law Firm, Lawyer working in foreclosure defense -Mortgage Audit, mortgage auditing, foreclosure help -foreclosure prevention forensic mortgage audit – mortgage audit – forensic audit- loan audit – forensic loan- professional loan audit – mortgage audit- mortgage auditing- Law Firm- Lawyer working in modification- forensic mortgage audits- mortgage audits – forensic audits- loan mortgage- – mortgage loan audit- loan audits- mortgage – mortgage notes – loan notes – mortgage loan notes – fix my mortgage- help my foreclosure- foreclosure lawyer- foreclosure defense- loan lawyer- law firm – real etstate lawyer


A Mortgage Audit – Professional Securitization Audits #refinance #my #mortgage


#mortgage audit

#

Many homeowners in the United States today may have fallen victim to fraudulent or predatory lending practices.

Homeowners and Attorneys helping them who are looking to have their mortgage loan terms changed in any manner must first determine the reasons, if any, that a bank should help them.

Please watch the video to the right. We have been providing usable evidence in court to help homeowners who ask the lender to “produce the properly endorsed note”.

What laws does a Mortgage Securitization
Audit show have been violated?

What does a Securitization
audit do?

The Pooling and Servicing Agreement Violations
Truth in lending Act ( TILA ) section 131
Provisions of the Universal Service Code and MERS
Deed of Trust and Note Enforcement
The United States Supreme Court Rule 4
HOEPA Act in conjunction with RESPA
Predatory Lending Act
Home Mortgage Disclosures Act

What is a standard Closed Loan Legal Securitization
Chain Title and Analysis Audit?

A Standard Securitization Audit is a comprehensive report detailing borrowers mortgage loan participants and the transactions between them. We have spent years developing and perfecting our audits, so that each party that utilizes the audit for reference, can have a clear and concise understanding of what rules, regulations or laws may have been side-stepped or even broken.

The reports are designed to provide facts for law firms and other professionals, to utilize, while helping homeowners throughout the United States to protect their rights.

To complete an audit, an auditor checks through available public and/or private databases to locate the pool, pools or group(s) of pools claiming to have ownership of the borrowers loan. We use each available resource to find an actual mention of the note, either through loan number, address, loan size, loan type or other loan specific details. Otherwise, we will use the Closing dates and Cut-off dates for
the specific pools that the loan may be in. We search through the 424B5 Prospectus and the Pooling
and Servicing Agreements. If a 15-15d Suspension of Duty to Report is filed we can provide that as well.

It is found on many mortgage loans, that there is no recorded and perfected Chain of Assignment.

Nor, is there a proper chain of endorsements record in any Securitized Loan, or proper assignment history that goes from the lender, to the Sponsor, to the Depositor, and lastly, to the Trust, as required by most Pooling and Servicing Agreements.

Based on Pooling Servicing Agreements, each securitized loan is required to have a minimum of three (3) endorsements if the loan was not sold directly to the Trust. Many times, we find no assignment of Beneficiary recorded when the transfers purportedly took place. This is why the lenders (inappropriately) designed and created MERS. The idea was to allow MERS to appear and the actual deeds would be kept in the name of MERS as Nominee for the Beneficiary . This allowed MERS to appear to be the Beneficiary and avoid the expenses of recording Assignments at each transfer, usually about $30 per recording.

We have also found this is where many Attorney Generals have taken up a fight against MERS as well. The States have admitted that this process costs them over 3 Billion dollars in recording fees and hence the lawsuits they have initiated against MERS and many of the large Lenders across the United States. This is still appending issue that we are closely monitoring as of august 2011

Sometimes it is seen the original mortgage note, endorsed without recourse in blank by the last endorsee. Any Assignment of the Deed to the Trust will almost always occur after a Notice of Default is filed and the Assignment is made from the lender or MERS to the Trust. This is done to establish Beneficiary Rights in the mind of the Trust. It also tries to unite the Note and the Deed for Legal Standing to foreclosure.

An audit generally has been concluding there is a chain of ownership that has not been properly executed, and that any party trying to foreclose needs to present clear ownership and explain why they have a clear right to foreclose.

A Securitization Audit can provide you
with an unparalleled look at how the note was securitized, and
transferred to provide real proof of malfeasance to give you
more leverage with the lender.

securitization audits – securitization audit reports – who owns my note- forensic mortgage audits, mortgage audits. forensic audits, Mortgage Modification, mortgage audit, mortgage auditing, Law Firm, Lawyer working in foreclosure defense -Mortgage Audit, mortgage auditing, foreclosure help -foreclosure prevention forensic mortgage audit – mortgage audit – forensic audit- loan audit – forensic loan- professional loan audit – mortgage audit- mortgage auditing- Law Firm- Lawyer working in modification- forensic mortgage audits- mortgage audits – forensic audits- loan mortgage- – mortgage loan audit- loan audits- mortgage – mortgage notes – loan notes – mortgage loan notes – fix my mortgage- help my foreclosure- foreclosure lawyer- foreclosure defense- loan lawyer- law firm – real etstate lawyer


A Mortgage Audit – Professional Securitization Audits #payment #calculator #for #loan


#mortgage audit

#

Many homeowners in the United States today may have fallen victim to fraudulent or predatory lending practices.

Homeowners and Attorneys helping them who are looking to have their mortgage loan terms changed in any manner must first determine the reasons, if any, that a bank should help them.

Please watch the video to the right. We have been providing usable evidence in court to help homeowners who ask the lender to “produce the properly endorsed note”.

What laws does a Mortgage Securitization
Audit show have been violated?

What does a Securitization
audit do?

The Pooling and Servicing Agreement Violations
Truth in lending Act ( TILA ) section 131
Provisions of the Universal Service Code and MERS
Deed of Trust and Note Enforcement
The United States Supreme Court Rule 4
HOEPA Act in conjunction with RESPA
Predatory Lending Act
Home Mortgage Disclosures Act

What is a standard Closed Loan Legal Securitization
Chain Title and Analysis Audit?

A Standard Securitization Audit is a comprehensive report detailing borrowers mortgage loan participants and the transactions between them. We have spent years developing and perfecting our audits, so that each party that utilizes the audit for reference, can have a clear and concise understanding of what rules, regulations or laws may have been side-stepped or even broken.

The reports are designed to provide facts for law firms and other professionals, to utilize, while helping homeowners throughout the United States to protect their rights.

To complete an audit, an auditor checks through available public and/or private databases to locate the pool, pools or group(s) of pools claiming to have ownership of the borrowers loan. We use each available resource to find an actual mention of the note, either through loan number, address, loan size, loan type or other loan specific details. Otherwise, we will use the Closing dates and Cut-off dates for
the specific pools that the loan may be in. We search through the 424B5 Prospectus and the Pooling
and Servicing Agreements. If a 15-15d Suspension of Duty to Report is filed we can provide that as well.

It is found on many mortgage loans, that there is no recorded and perfected Chain of Assignment.

Nor, is there a proper chain of endorsements record in any Securitized Loan, or proper assignment history that goes from the lender, to the Sponsor, to the Depositor, and lastly, to the Trust, as required by most Pooling and Servicing Agreements.

Based on Pooling Servicing Agreements, each securitized loan is required to have a minimum of three (3) endorsements if the loan was not sold directly to the Trust. Many times, we find no assignment of Beneficiary recorded when the transfers purportedly took place. This is why the lenders (inappropriately) designed and created MERS. The idea was to allow MERS to appear and the actual deeds would be kept in the name of MERS as Nominee for the Beneficiary . This allowed MERS to appear to be the Beneficiary and avoid the expenses of recording Assignments at each transfer, usually about $30 per recording.

We have also found this is where many Attorney Generals have taken up a fight against MERS as well. The States have admitted that this process costs them over 3 Billion dollars in recording fees and hence the lawsuits they have initiated against MERS and many of the large Lenders across the United States. This is still appending issue that we are closely monitoring as of august 2011

Sometimes it is seen the original mortgage note, endorsed without recourse in blank by the last endorsee. Any Assignment of the Deed to the Trust will almost always occur after a Notice of Default is filed and the Assignment is made from the lender or MERS to the Trust. This is done to establish Beneficiary Rights in the mind of the Trust. It also tries to unite the Note and the Deed for Legal Standing to foreclosure.

An audit generally has been concluding there is a chain of ownership that has not been properly executed, and that any party trying to foreclose needs to present clear ownership and explain why they have a clear right to foreclose.

A Securitization Audit can provide you
with an unparalleled look at how the note was securitized, and
transferred to provide real proof of malfeasance to give you
more leverage with the lender.

securitization audits – securitization audit reports – who owns my note- forensic mortgage audits, mortgage audits. forensic audits, Mortgage Modification, mortgage audit, mortgage auditing, Law Firm, Lawyer working in foreclosure defense -Mortgage Audit, mortgage auditing, foreclosure help -foreclosure prevention forensic mortgage audit – mortgage audit – forensic audit- loan audit – forensic loan- professional loan audit – mortgage audit- mortgage auditing- Law Firm- Lawyer working in modification- forensic mortgage audits- mortgage audits – forensic audits- loan mortgage- – mortgage loan audit- loan audits- mortgage – mortgage notes – loan notes – mortgage loan notes – fix my mortgage- help my foreclosure- foreclosure lawyer- foreclosure defense- loan lawyer- law firm – real etstate lawyer