Are you in search of the best forensic audit, fraud analysis, mortgage audit affidavit of expert witness, securitization audit. Brown warns homeowners to avoid forensic loan audits state. A forensic mortgage loan document audit is a comprehensive investigation of the documentation in homeowners existing loans. A forensic mortgage loan document audit is a comprehensive investigation of the documentation in homeowners existing loan s. Students study and learn important topics related to mortgage securitization as well as complex analysis of how to obtain recorded documents. Most of the time, forensic accounting is used when someone commits fraud.
In exchange for an upfront fee of several hundred dollars, socalled forensic loan auditors, mortgage loan auditors, or foreclosure prevention auditors backed by. Forensic loan audits and claims regarding their use to avoid foreclosure and to modify home loans. There are some essential elements to an effective loan audit that you should know before you purchase. Forensic loan audits of loan documents are now being used to help banking institutions, lenders, brokers, lawyers, judges and borrowers understand if those underwriting guidelines and laws were incorrectly implemented. Basically it needs to identify if a borrower is a victim of predatory lending. It is a complement to the best efforts of fraud investigators and attorneys alike and can be a powerful tool. Forensic auditors ensure financial records are accurate and detect fraud in business environments. Clicking the above link will take you to a website that is not operated by hotfrog. A forensic auditor is required to have an understanding of various frauds that can be carried out and of how evidence needs to be collected. Securitization auditing, forensic mortgage analysis, certified fraud.
Forensic loan software has a forensic loan audit guide and forensic loan audit software which will uncover violations and cite the specific laws in which the loan violates. These forensic loan audits are currently used to determine if lenders and brokers violated laws in the loan documents. A cdrom containing the audit software can be shipped to you upon request at no additional charge. Free forensic mortgage loan audit jobs, employment. Global bridge holdings llc forensic mortgage audit tampa. Illinois attorney general madigan sues forensic loan audit. Mortgage overcharges uncovered by loantech audits loantech. Forensic mortgage audit software and training youtube. Homeowners now have a tool that will allow them to fight back against unscrupulous lenders and predatory mortgage companies and win in court or meet at the negotiating table and walk away with a fair and equitable loan settlement. We then take these results and compile them into a detailed report for your client to easily read. I need a software program that can audit loan mortgage documents for mistakes, fraud, predatory lending, etc. When homeowners or their lawyers come to me to engage me as consultant your reports frustrate me because i still need to do further analysis on the points you missed. However, forensic auditing is not the same as financial audit, both in terms of objective and procedure, leaving no scope for overlap.
With the help of this software you can conduct forensic audit in easy and simple way. Use the professional forensic loan audit software pro to uncover violations on home loans in all 50 states. Forensic audit examiner software find the violations, stop foreclosure, find payments errors, get a refund, be a forensic auditor, and more. A forensic loan audit is an essential tool for a loan modification attorney. Simply and easily enter the information from the loan. Learn more about forensic auditing and what it takes to become a forensic auditor. With over 70% of mortgage loans currently in violation of laws pertainin to the lending laws of these loaning these loans out.
For this reason, forensic accountants are often referred to as fraud investigators or fraud examiners. Forensic loan auditing companies have since sprouted up like weeds, and many advisors are now advocating the program as a best practice and the first step before bringing a lawsuit against the lender to get a bad mortgage rescinded or force a loan modification. Marla is a thorough and extremely patient instructor. Loantech will perform a mortgage audit checking the lenders accuracy. Forensic loan auditing is a new way to defend homeowners and increase the chances of getting a loan modification. Forensic loan audit software program allows you to do a forensic loan audit and uncover violations and have the supporting laws for you cited instantly in a report to send to the lender. The wall street journal loantech will perform a mortgage audit checking the lenders accuracy. Free forensic mortgage loan audit jobs, employment freelancer. Having training and certified more than 200 students, cfla has never received one substantiated complaint about its course. Forensic loan audits are fast becoming the next trend in the loan modification arena.
A forensic audit, also known as forensic accounting, refers to the application of accounting methods for detection and gathering evidence of frauds, embezzlement, or any other such whitecollar crime. To summarize, a forensic audit is a detailed engagement that requires the expertise of not only accounting and auditing procedures but also expert knowledge regarding the legal framework. Jul 05, 2010 forensic mortgage audit software demonstration videodemonstrations3. Free forensic loan auditor seminar livingliess weblog. Forensic mortgage audit, mortgage auditing software. Forensic loan audit forensic loan software offers auditing for home mortgages with our forensic audit guide. Benfords law as a forensic accounting tool is truly a blend of the old and the new. Certified forensic loan auditors also has created a nationally recognized analyst training certification course.
Mortgage securitization for attorneys, quiet title. A forensic mortgage audit identifies any illegalities performed by the lender, their broker, or other parties in conjunction with the mortgage. A forensic auditor is a certified public accountant cpa who uses special techniques to detect or prevent certain types of crime for businesses and government agencies. Respa, tila, fdcpa, hoepa, escrow analysis, payments, appraisal analsis, etc. Forensic audit guide why and how forensic audits are.
Order forensic loan audit forensic loan audit software. Mortgage, loan, forensic mortgage audits, forensic mortgage, forensic, audits. Forensic loan audit guide the forensic loan audit guide is a comprehensive manual which shows you how to conduct a forensic loan audit. What certifications are available in forensic auditing. Forensic mortgage audit software demonstration youtube. Do not lose your home, fight back forensic loan audit is a comprehensive loan fraudpredatory lending investigation report which will identify infractions and violations committed by your lender andor broker when they originally funded your loan. Forensic mortgage auditor forensic loan audit software is an easy to use application that quickly performs forensic loan audits for all types of mortgages. On september 6, 2019, the consumer financial protection. Feb 03, 2015 learn how to do forensic mortgage audits and get propriatary software. Anyone has any experience with forensic loan audits. Certified forensic loan auditors mortgage securitization analyst training certification class is a comprehensive 16hour online intensive seminar. But the way most companies conduct the audit is that a processor enters your information into a compliance software program, and the program prepares a very basic report. Dec 18, 2012 madigan sues forensic loan audit schemes for ripping off homeowners seeking loan savings, help fighting foreclosure. We utilize special state and federal mortgage loan post compliance software to calculate and identify violations.
Do not lose your home, fight back forensic loan audit is a comprehensive loan fraudpredatory lending investigation report which will identify infractions and violations committed by your lender. Learn about working at certified forensic loan auditors, llc. Attorney general files 2 lawsuits in crackdown on new form of mortgagerelated scam. Cflas certification program and training provides the peace of mind that your credentials are accurately highlighted and recognized. Forensic accounting for dummies cheat sheet dummies. Fraud takes many forms, but no matter how you look at it, fraud is theft. Contrary to the name, a forensic audit has got nothing to do with forensic sciences, or criminology for that matter.
General ledger, accounts payable, accounts receivable, inventory, purchase orders, sales orders and quotes, sales analysis, and bank reconciliation. The software uncovers violations of federal lending laws including tila, respa, reg. Forensic loan audits are a way to audit a loan and uncover violations of lending rules and regulations. Great class to further expand your knowledge of foreclosure defense and forensic loan auditing.
This is a comprehensive 24hr training course to get you certified as a forensic loan auditor. California real estate fraud report forensic loan audit. Madigan said amt and its employees had no expertise in mortgages and instead relied on thirdparty software to discover mortgage errors. The purpose of a forensic mortgage audit is to uncover any discrepancies on the loan, including violations of the federal truth in lending act. In most cases, no errors or only minor errors are found. Forensic mortgage audit software demonstration videodemonstrations3. Loanmortgage auditing program i need a software program that can audit loanmortgage documents for mistakes, fraud, predatory lending, etc. Brown warns homeowners to avoid forensic loan audits. Mortgage securitization for attorneys, quiet title services. Hotfrog is not responsible for the content or availability of linked sites. While forensic auditing for this purpose has typically been limited to institutions investors, servicers, originators and mortgage insurers the practice has now spread to the retail borrower, as described in todays mortgageorb article when forensic loan audits are used against lenders. Forensics plus offers a forensic loan auditing software which automatically cites specific laws and violations and prints out a report to send to the lender. Forensic auditing is also known as forensic accounting. There have been nearly 1,000 executive level professionals who have graduated from this program since 2009 in each of the.
Forensic loan audits lehman data analytics international. I am weary from looking at reports that do not present homeowners or lawyers with something they can easily use in court. One of the scams perpetrated by forensic loan audit companies is that their forensic software claims to find violations of the law by lenders, which inexplicably translates into the homeowners not having to make their mortgage payments. Forensic mortgage audit software forensic loan software. Forensic loan software can be used unlimited amount of times for unlimited amount of clients. Forensic loan audit loan auditing amerihope alliance. Order now to take advantage of these special package prices. Securitization audit software products securitization audit software.
Auditing expert witnesses forensisgroup consulting. Additional fees are then tacked on so supposedly sue the lenders for predatory practices. Mortgage securitization and forensic loan auditing are presented during our professional 24hr howto class. A forensic loan audit is the examination of a loan from the time of application and can include letters, say to provide a certain rate of interest to intice a borrower to make application and related documents, called source documents to ascertain compliance with applicable rules, regulations and laws.
Securitization audit software professional tools package includes an array of tools, management software, manuals and guides to give you an edge in the securitization audit services market. Forensic loan auditing is a comprehensive and detailed way to uncover violations of various state and federal laws which can be spotted within clients loan package they received from the lender. I am weary from looking at reports that do not present homeowners or lawyers with something. Forensic loan auditor certification certificate printable pro value. Global bridge holdings llc forensic mortgage audit.
Auditing consulting may be required by those involved in a lawsuit related to financial matters as a means of determining whether the individuals in question had, in fact, adhered to the rules and regulations of financial law. Auditing expert witnesses have often worked as certified public accountants cpa, as well as certified fraud examiners. Additionally, cfla offers the nationally recognized auditor training certification course, which is a 24 hour practical application, professional how to course on mortgage securitization and forensic loan auditing. Excellent training, all materials were covered in depth and provided a full understanding of the applicable regulations and laws. Illinois attorney general madigan sues forensic loan. Learn how to do forensic mortgage audits and get propriatary software. Forensic loan audits may help homeowners in distress denha. Jul 16, 2018 fraud has always kept financial executives on the lookout, but the realities of a superswift digital age rife with hackers and cyber theft have raised the stakes like never before. Forensic loan audit software program thomas a prlog. Certified forensic loan auditors, llc, andrew lehman, and. See who you know at certified forensic loan auditors, llc, leverage.
The technology keeps advancing allowing us to cast a wider net with greater speed and precision. The california department of real estate dre or department previously issued a detailed consumer alert and fraud warning on loan modification and foreclosure rescue scams in california. If the audit reveals legal violations, you can theoretically then use the results to strongarm the lender into giving you a modification. Securitization audit software professional tools package. A forensic loan audit is a thorough, scientific investigation of a loan to determine whether a lender has violated. It outlines key violations and explains the different laws which are subject to violations to the lender.
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