Forensic Audit and Mortgage Audit

Forensic Audit and Mortgage Audit are both great ways to uncover violations on a homeowners current loans, each one is distinct in their own way, no two audits are the same.

Forensic Audit is increasingly becoming the next generation of quality control for mortgage loans in our current real estate market. Home loans such as adjustable mortgages, option arm loans, and high rate mortgage loans have been given to consumers not fully understanding the implications of these particular loans and understanding the result of having such loans in the long term. For example, manyhomeowners were unaware of the doubling of payment after a certain fixed term of their loan, this led to widespread defaults and non-payments of their loans which eventually led to foreclosure. The result is what is being seen in the news headlines with record breaking foreclosures and loan resets which have led to millions losing their homes in record numbers. Using forensic audit one can look over a consumer's loan and uncover legal violations on those loans and give the homeowner a fighting change against foreclosure. Forensic Audit is important to this new economic condition we are experiencing. Forensic Audits are the new wave and the next generation of professional services which will emerge as both an in demand field and more importantly, a life saving one.

Mortgage audit is a comprehensive review of a homeowners loan documents. Commonly known as the loan docs. Mortgage Audit consists of going through the loan documents and checking for errors pertaining to the loan such as annual percentage rate check, interest rate tests, payment analyzation, checking proper dates, checking fees for legality, and more. By conducting a mortgage audit and uncovering these violations may give the homeowner a change to fight the foreclosure in court depending on the situation. Showing the lender/bank that they are indeed in violation by giving such illegal loans to the consumer. Mortgage Audit is the next trend in consumer foreclosure prevention. It has already began to grow, notice all the advertisements and new commercials online coming out for forensic loan auditing. It's already in the growth phase and will increase as the days continue.

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