Expose Lender Violations - Get a free Document Review

Many homeowners suspect that they have been victims of mortgage violations such as fraud, predatory lending, overcharges, bait & switch, Unfair & Deceptive Acts & Practices, negligence, and more. Most homeowners, however, are reluctant to spend any money on an attorney or a Forensic Mortgage Audit unless they are sure that violations DO EXIST. Our free review will provide assurance that violations exist before they hire an attorney. Our full Manual Forensic Audit not only exposes the violations; we provide concrete evidence to support our findings which may provide strong leverage against the lender in order to achieve the desired result such as a loan modification or short sale. The homeowner's attorney can then decide if they would like to hire us as an independent contractor to perform our Full Manual Forensic Audit.  Only available for properties located in the State of MICHIGAN. Fill out the form on the top of this page to register or call 734-756-6050.
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What is a Forensic Mortgage Loan Audit?

• It is a comprehensive examination of a Mortgage Loan File to identify Lender violations of Federal and State Laws. These are essentially crimes that the Lender committed against the Borrower in either the Origination of the Mortgage or Foreclosure Violations due to Fraud, Robo-Signers, etc.
• According to a FDIC Report, over 80% of mortgages have one or more violations of Federal or State Laws.
• Our Audit Reports expose and identify Lender Violations. We also provide written evidence to support our findings.

 

Possible Remedies Include

• Strong Leverage over the Lender to get a Loan Modification or Short Sale Approved - better and faster, even if you've been denied!
• Foreclosure Defense - They broke the law - You have Rights!
• Refund of interest overcharges - could be Thousands!
• Rescission of the Loan: This means that the loan is cancelled with a full refund of Closing Costs and payments paid to the Lender.

 

What we Examine: Standard Forensic Mortgage Loan Audit

• PREDATORY LENDING PRACTICES
• MORTGAGE FRAUD
• FORECLOSURE FRAUD
• UDAP - Unfair or Deceptive Acts and Practices
• TILA - Truth-in-Lending Act
• RESPA - Real Estate Settlement Procedures Act
• HOEPA - Home Ownership and Equity Protection Act
• Section 32 - High Cost Loans

 

Learn More

• View an Actual Mortgage Loan Modification
• Learn More about Mortgage Loan Modification

 

The Problem

Here are the 4 Secrets that Banks are "keeping quiet" and why Lenders are not helping many Homeowners with Loan Modifications and Short Sales:

1. Servicers usually make much more money from Foreclosures and Short Sales than they do from loan modifications. Therefore, they actually are incentivized not to do Loan Modifications!
2. FDIC Loss Share Program - you won't believe the Amazing Deal that the FDIC has made with over 90 Banks - watch this short video and you will be shocked - Lenders Profit by Foreclosing! Why should they help Homeowners? See Video.
3. The Net Present Value Test (NPV) - The FDIC and FannieMae have set guidelines to determine what course of action will benefit them most. Check out the following information from the FDIC and FannieMae:
   FDIC Manual about the NPV Test
   FannieMae Servicing Guide
4. Most Americans are unaware that lenders have Insurance on many Mortgages to protect them against a loss. Why should the Bank/Mortgage Company help a Homeowner when they can simply file an insurance claim and be paid by the Insurance Company?

 

There are 3 main types of Mortgage Insurance:

1. PMI (Private Mortgage Insurance): This coverage is required for conventional mortgages with a loan-to value ratio that is higher than 80%. When a lender suffers a loss, they can file a claim and collect from this policy. The problem for the Homeowner is that the Insurance Company now can pursue the Homeowner for the deficiency balance. (The "deficiency Balance is the amount still owing after the property is sold and all of the expenses have been paid such as Legal Fees, Realtor Commissions, Title Insurance, Taxes, etc.)
2. FHA or VA Loans: Both of these Government Sponsored Loan Programs require Mortgage Insurance that basically works the same way as the PMI described above.
3. Mortgage Pool Insurance: This is the one that relatively few people know about. You have probably heard that Banks and Mortgage Companies often sell or Transfer Mortgages. The Big Banks and Wall Street frequently bundled "pools" of hundreds or even thousands of mortgages together and sold them as investments. Common names for these investments are "Mortgage Backed Securities "(MBS), "Collateralized Debt Obligations" (CDO's), or "Credit Default Swaps" (CDS) just to name a few. I find "Credit Default Swaps" to be a particularly interesting name - These "investments" were sold read more...

 

This is a simplified explanation of what happened (and continues to happen), but now you know another KEY REASON THAT BANKS ARE NOT HELPING HOMEOWNERS like they should. It is much easier for them to collect the Mortgage Insurance money. The problem with this is that the Homeowner in default now owes the Insurance Company instead of the Mortgage Company/Bank. Most State Laws allow *"deficiency rights" which means the Lender (or the insurance company who stands in the lender's place) can pursue the Homeowner for their loss.

*(The "deficiency Balance is the amount still owing after the property is sold and all of the expenses have been paid such as Legal Fees, Realtor Commissions, Title Insurance, Taxes, etc.)

Foreclosure Laws vary by State: Click on the "Foreclosure Law" Tab at the top of the Homepage for information about your state's Foreclosure Laws.

 

The Solution - A Mortgage Audit

Virtually ANYONE WITH A MORTGAGE should consider getting a Forensic Mortgage Loan Audit, even if there is no hardship or any other problem paying the mortgage payment. Mortgages are very complex and the majority of outstanding mortgages have at least one error or violation of Federal or State Laws according to a FDIC Study. Relatively few people or organizations are qualified to audit these complex documents. This commentary has only addressed the "tip of the iceberg" regarding mortgage problems.

 

Other areas of concern include, but are not limited to:

• Overcharges of Mortgage Interest or other costs - You may be entitled to a refund for these overcharges. Our ARM-Advantage Audit is a separate service that can be ordered alone.
• Securitization of the Mortgage - There have been many documented cases where the "foreclosing entity" does not have the legal authority to foreclose. Lenders were careless about their paperwork and procedures; their security interest was not properly recorded in many documented cases. This is particularity true for mortgages where MERS (Mortgage Electronic Registration System) is shown as the "nominee". Many foreclosures name MERS as the party who is foreclosing and there is litigation in a growing number of states that essentially says that NO PARTY to the mortgage has the legal authority to foreclose!
• Inflated Appraisals - A Forensic Appraisal Audit is an examination of the Comparable Sales used to determine the value of the property. Evidence that the "value was improperly inflated" may be additional proof of Predatory Lending. We can help. This is an optional audit that can be ordered alone or together with another audit
• Mortgage Fraud - There are countless types of Mortgage Fraud. Examples: Altered documents, forged signatures, misrepresentation, inflated appraisals, and much, much more

Since the FDIC and other sources found over 80% of mortgage have at least one violation or other error, it just makes sense to have your documents audited. The Mortgage Professionals on our team can identify these violations which will help you get what you deserve.

 

Audit Options (**Must be ordered by an Attorney)

• Full Manual Audit including Predatory Lending and Mortgage Fraud Examination; a complete, line-by-line, page-by-page, manual examination of all loan documents. Our Full Audit includes a TILA & RESPA Audit Report at no additional cost. (Truth in Lending Act) & (Real Estate Settlement and Procedures Act)
• Foreclosure Fraud Audit; Has the foreclosure process been done legally? Are you a victim of Robo-Signers or MERS?
• Securitization Audit; Who actually owns your loan? Has the Chain of Title been properly recorded?
• Forensic TILA / RESPA / HOEPA Mortgage Loan Audit; Examination of Loan Documents to find violations of these 3 Important Acts designed to protect the Borrower. Violations may make the loan rescindable (cancel the mortgage - call for details)
• ARM-Advantage Audit; an audit of all payments made to check accuracy of interest rate calculations, interest pro-rations, and other fees or charges against the Borrower
• Forensic Appraisal Audit; Was the property value illegally inflated? If so, this is a form of fraud committed by the Lender. A Forensic Appraisal Audit can provide the critical evidence.

 

Ready to Order? - Click here to order an audit    (Must be ordered by an Attorney)

 

Have you already been turned down for a Loan Modification Short Sale?  Are you tired of trying to get your lender to help you, only to be told NO or face endless delays?  You are not alone and our Forensic Mortgage Audit can dramatically change the situation in your favor.  It can put you in a much stronger position to get what you want or need.  Without a Forensic Mortgage Audit, you are in a weak position and are virtually reduced to 'begging' your lender for help.  An Audit can also help you avoid or stop a foreclosure, even if it has already started.

If you can't afford to keep your home, the results from a Forensic Loan Audit can be a tremendous advantage when negotiating a Short Sale or even a Deed-in-Lieu of Foreclosure.  Many states allow a lender to pursue the borrower for any deficiency balance that remains after the property is sold.  The results of the audit may induce your lender to 'forgive' the balance and also avoid the damage a foreclosure can have on your credit rating.  Many lenders made 'predatory' loans and took advantage of unsuspecting homeowners by charging excessive rates and fees.

This can be your opportunity to get justice by using the violations we identify as leverage against your lender.  The results can be amazing. You do not have to be past due on payments or even have a hardship in order for a Forensic Mortgage Loan Audit to be beneficial!  An audit could help you get a much more favorable Loan Modification than would otherwise be possible. A Loan Modification can lower your interest rate to as low as 2% and can even reduce your Principle Balance as in the example.  (Balance was permanently lowered from $170,000 to $88,823)!                    

Click here to see an actual Loan Modification we completed.

 

The following disclosure is being made pursuant to the Federal Trade Commission’s Mortgage Assistance Relief Services (“MARS”) Rules (16 C.F.R. Part 322).

IMPORTANT NOTICE: Before using this service, consider the following information:

Mortgage Loan Audit Advantage and Umoveon LLC does not and cannot charge you any upfront fees for providing you any type of mortgage assistance relief service. We are NOT associated with any government agency or program, and our company is NOT approved by the government or your lender(s). Mortgage Loan Audit Advantage and/or Umoveon LLC does not and will not provide you with legal advice or representation. There is no guarantee that any type of mortgage assistance relief service will be approved by your lender(s). If you stop paying your mortgage, you could lose your home and damage your credit rating.

 

For more Information and a no-cost, no obligation consultation, please complete the information below. All information will be kept Strictly Confidential.