Forensic Loan Audits are fast becoming the next trend in the mortgage loan business. Every borrower virtually qualifies for a forensic loan audit. About 80% of mortgage loans currently being paid by homeowners have violations on them which violate state and federal law on multple levels. From high interest rates, to high fees charged to basic violations such as misplacing the date or incopmlete loan application all qualify as violations. Auditing a mortgage loan allows you to uncover these violations and notify the lender of the violations allowing you to help contribute saving the home of the client. In some cases the homeower can have the interest they paid refunded if the violations allow it. Furthermore, uncovering violations allow the homeowner to have legal recourse against the lender allowing them to sue the lender in some cases.
You can start in this growing industry toay with ForensicLoanSoftware.com software package. They offer a Forensic Loan Audit guide which explains what a forensic loan audit entails and how to look for violations. In addition, they also offer a forensic loan audit software which audits mortgage loans and cites which laws were broken and prints it out in a complete report up to 20 pages in length. This report can then be sent to the lender as a forensic loan audit report. There software runs for $500 though they are currently running a promotion in which you can get their forensic loan audit guide and $500 Forensic Loan Audit Software for only $97. Click below for their website.
