Forensic Audits & Video
Forensic Audits - Most Powerful Tool in the Industry
Foreclosure Prevention Institute, LLC - Forensic Audits
Hot Line 1.800.826.1929 – Call Today For Immediate Assistance
Why A Forensic Audit?
As you know, between 2000 and 2006 there was a record number of mortgages originated.
Millions of loans every year flooded the system.
Underwriters were under pressure to close as many files as possible.
Loan Officers wanted to close as many as quickly as possible,
Borrowers wanted things done as quickly as possible.
The pressure was on and everyone wanted to “get er’ done” now.
All the while, new laws were being implemented changing calculations,
This was the perfect storm for mistakes to be made.
**Calculations are wrong
**Payment schedules are off
**Critical documents are LOST
**Margins and indexes are incorrect
**High cost limits are exceeded in many cases
**Net tangible benefits are not calculated properly.
If ever there was a chance for a slip up, it was then.
We’re not saying that anyone in the transaction was doing anything improper,
but something “sloppy” perhaps or maybe that lender has a different interpretation
of the correct way to calculate things.
PLUS, many were changing operating systems at the time and going automated.
Many of the “automated” systems were standardized.
Unfortunately, high cost in one city, county, state is not the same in another.
Did you know that? I didn’t know this at the time either.
Further, on the uglier side of things, there were over inflated values, predatory lending,
and out and out fraud happening.
Our Forensic Audit review is not simply an APR calculation like some try to pass off as an audit.
Our audits go DEEP.
Come learn the power of the Forensic Audit.
Come learn the power of the Forensic Audit.