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What is Forensic Mortgage Loan Audit


 

A Mortgage Forensic Audit or Forensic Loan Audit is to determine if any STATE or FEDERAL laws were violated during the origination and/or servicing of your Mortgage. Your mortgage and loan documents should be scrutinized for:

•PREDATORY LENDING PRACTICES OR DECEPTIVE LENDING PRACTICES

•Violations under STATE and FEDERAL LAWS including RESPA, TILA or HOEPA

•CONSUMER PROTECTION LAW violations including UNFAIR, ABUSIVE or FRAUDULENT business practices:

•Violations relating to how your fees and/or interest was calculated

When any violations are found in your loan documents you may use these violations as legal leverage to either:

•Sue your Lender in Federal Court for damages

•Negotiate A More Affordable Mortgage Payment

While performing a forensic loan audit, or mortgage forensic audit, Saud will review your mortgage loan documents for compliance with over 100 federal and state mortgage lending laws, including regulatory requirements related to:

•Mortgage Electronic Registration System (MERS)

•Truth in Lending Act (TILA)

•Home ownership and equity protection act (HOEPA)

•Real Estate Settlement and Procedures Act (RESPA)

•Home Mortgage Disclosure Act (HMDA)

•Fair Housing Act (FHA)

•Equal Credit Opportunity Act (ECOA)

•State and Federal Predatory Lending Laws; Lender Fraud

•Usury

•Prohibited fees

•Fee limits and 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

•Payment and other term limitations

•Escrow and impound restrictions

•Critical aspects of the eligibility requirements of the Home Affordable Modification Program

Saud A.H. Khokhar

REALTOR®, BPOR - Broker Price Opinion Resources Specialist, CIPS® - Certified International Property Specialist, e-PRO® - Electronic Marketing Specialist, SFR® - Short Sale and Foreclosure Resources Specialist, SRES® - Senior Real Estate Specialist, International Business and Financial Consultant, Professional Paralegal, Licensed Real Estate Broker, Licensed Mortgage Broker - New York State Department of Financial Services - Third Party Loan Providers (NMLS # 140381) (Mortgage Loan Officer NMLS #148213), Licensed Insurance Broker & Life and Health Agent (New York & New Jersey)

1090 Coney island Avenue, Ground Floor, Room #1
Brooklyn, New York 11230
Telephone: (718) 768-1474
Fax: (347)770-8919
Toll Free for Mortgage Loans: (800) 852-2820
SK@SaudKhokhar.com