Forensic Loan Audit

Sample Hardship Letter: Reasons to Conduct a Forensic Loan Audit
Obtaining a Forensic Loan Document Audit is essential in every Loan Modification, Short Sale, and Deed in Lieu resolution. The findings of an audit can significantly improve your chances for a positive resolution. The following are common reasons to conduct a forensic loan audit:
1. General Loan Documentation Errors
2. Reverse Engineering
3. Real Estate Settlement Procedures Act (RESPA) Violations
4. Truth in Lending Act (TILA) Violations
5. Home Owner Equity Protection Act (HOEPA) Violations
6. Good Faith Estimate Compliance
7. Misleading Disclosures
8. Overstated Home Values
9. Overstated Income in the Loan Application
10. Lender and/or Broker Misrepresentations
11. Usury Violations
12. Excessive ARM Adjustments
13. Packing
14. Excessive Points & Fees
15. Predatory Lending
16. Forgery
17. Loan Flipping

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