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January 11, 2012

Forensic Mortgage Auditors, inc is proud to announce we have been issued a certified copyright on all of our audits.

We are the only known forensic and Securitization audiit firm company in the US to have this distinction.

What Does Forensic Mortgage Auditors, Inc Provide?

• Forensic Mortgage Audits 
• Mortgage Securitization Audits 
• Appraisal Report Audits 
• Commercial Audit Reports  
• Affidavits 

We are the only company that provides specific case law in addition to our Forensic Mortgage & Securitization Audits to help save borrowers  from unscrupulous foreclosure proceedings!

If you are an Attorney currently working in, or thinking about entering the Foreclosure Defense Market, then a Forensic Mortgage & Securitization  Audit through FMA can become your ticket to success!  

FMA is not a mortgage modification company.

We are a wholesale mortgage auditing service provider.

 Ask about our industry leading mortgage audit white label program Today!!

What Can a Securitization Audit from 
Forensic Mortgage Auditor's, Inc. do for you?

Josh Rosner, a well respected financial analyst, issued a client advisory in October 2010, advising of widespread violations of pooling and servicing agreements on mortgages.

Mr. Rosner counseled that although PSA’s(Pooling & Servicing Agreement) require transfer of the promissory notes into the securitized trusts, that hardly ever occurred in the white hot run-up of securitized loans in the last decade. He also says that the mortgage assignments which must accompany each note are routinely ignored or left blank.  (This was the major problem in the Ibanez case).

Mr. Rosner stated:  “We believe nearly every single loan transferred was transferred to (securitized trusts) in “blank” name. That is to say the actual loans were apparently not, as of either the cut-off or closing dates, assigned to the (securitized trusts) as required by the PSA.”

Mr. Rosner also concludes in this chilling statement:

There have been a large numbers of foreclosure proceedings where, because of improper assignments, the trust has been unable to demonstrate the right to foreclose. It is thus that we raised concern about the transfer “in blank name.”

We do believe it likely the rush to move large volumes of loans may well have resulted in operational failures in the “true sale” process by some selling firms and trustees.

Were this “missing assignment” problem, which we are witnessing in individual foreclosure proceedings, to be found to have resulted from widespread failure of issuers and trusts to properly transfer rights there would be appear to be a strong legal basis for the calling into question Securitization.
(Source:  http://www.massrealestatelawblog.com/2011/01/08/apocalypse-now-will-the-massachusetts-ibanez-case-unravel-widespread-irregularities-in-the-residential-securitized-mortgage-market/)

We will use the same software Lenders are required to use (but most did not) for all new loan originations, before closing, to determine if the loan is in compliance with all State and Federal laws. In addition, our Auditors review and audit every provided closing document to check for violations and miscalculations.

We have performed over 3000 Forensic and Securitization Audits. We are extremely confident that our audits are the best in class, and you will not find a more thorough and accurate team of individuals committed to helping homeowners protect their rights.

The audit will investigate whether the information and calculations provided in your mortgage documentation were fully disclosed and in compliance with federal and state lending laws. We focus on the truth in lending document to ensure that your lender or broker properly disclosed to you the rate, term, fees and total repayment of the loan for which you applied. We also look to see if any RESPA (Real Estate Settlement Procedures Act) or predatory lending violations occurred.

Ultimately, any potential modification of your mortgage loan hinges upon the audit report's pass or fail status. Once the audit is complete, if it is revealed that violations occurred, then you can proceed with a higher level of comfort that your requests from your lender will be more closely watched because they know that if there is malfeasance presented they have additional responsibilities and liabilities.

January 3, 2012 - Actual data found in our last forensic mortgage audit we performed......

The Final Truth-in-lending Statement in the file was incorrect, as The Annual Percentage Rate (APR) was understated by 3.0730%. Also, the finance charges were understated by $404,004.08 

Regulation Z which implements the TILA requires the APR to be accurate with a tolerance of .125% and the finance charges cannot be understated by more than $100

99% Of ALL Adjustable Rate Mortgages we audit
have MAJOR errors just like this.