Forensic Loan Audit & Loan Audit Recourse is the process where your loan documents are reviewed for compliance with all fair lending laws. Any error or omission on the part of a lender or their agents constitutes a violation. Our forensic loan audit verifies compliance with the following:

State and Federal Predatory Lending Laws

Real Estate Settlement & Procedures Act (RESPA)

Truth in Lending Act (TILA)

Home Mortgage Disclosure Act (HMDA)

Fair Housing Act (FHA)

Equal Credit Opportunity Act (ECOA) and more

What are the results from doing a Forensic Loan Audit?

It is estimated that more than 80% of the loans that were granted between 2001 and 2006 have “predatory lending violations” by violating either TILA (Truth in Lending Act) or RESPA (Real Estate Settlement Protection Act). As a result, there is a huge possibility that your rights as a borrower were violated. This means that you can sue your lender. The penalties for these violations vary, and most of them would require your lender to pay your legal fees as well as their own if it is proven that they broke the law. Since attorney fees are high and added to the penalty, this route could prove to be very expensive for your lender. They will want to avoid a legal confrontation and will be willing to negotiate.

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