A Forensic Loan Review or Forensic Loan Audit, sometimes also called a Mortgage Audit is a thorough investigation of the loan that the bank gave you. This audit is done to locate all the Federal Laws that were violated by your bank when they created the loan they offered to you or your broker for you.
Tila Solutions is an Audit Company. They investigate loans given by the banks to determine if the bank violated any of the federal laws that protect the homeowners. Ultimately, if you have a predatory loan, you will need a Forensic Loan Audit. If you feel that the lenders mislead you, withheld information from you, rushed you or possibly gave you a loan that could contain fraud then you will want to get your loan investigated.
Tila Solutions Examiners work with the Federal Laws that protect you as a borrower. Probably when you signed the loan documents you heard or saw the reference to TILA, RESPA, HOEPA, and ECOA. Those laws were passed to help prevent you from getting a loan that you won’t be able to pay back, which is often known as a predatory loan. They are also supposed to ensure that you understand the loan.
Tila Examiners also look for fraud, and they investigate the loan to see if it complies with other federal regulating bodies and their guidelines. The fraud they look for is fraud committed by the banks – and their investigations have shown that the banks committed much fraud over the past decade!
When homeowners get turned down by the bank for a loan modification, a forensic loan audit is the critical first step to turning that around. Banks are not in the business of helping people; they are in the business of making money. The bank is not interested in giving you a lower payment, because you are experiencing hard times. They are only interested in seeing the loan they gave you “perform.”
In many cases, the bank calculations will show that they can make more money or experience less risk (or both) if they do not give you a loan modification. Normally that means you will be in foreclosure and losing your home. The Forensic Loan Audit is your most powerful weapon to show that a foreclosure is no longer a money-making option for the bank.
A performing loan is a loan that has a monthly payment coming in on time. The bank gets a nice profit for very little risk. This is all they want, and sadly, if you are not going to give them their money, then the bank will calculate the risk of modifying your loan against other methods of making money.
And that is why you need to get Tila Solutions to conduct a full forensic loan audit for you. Simply put the bank loses much of its power and ability to travel down other money-making avenues if the loan contains federal violations of TILA, RESPA, HOEPA, ECOA or if fraud is found when the investigation is done. Tila Examiners will meticulously go through your loan looking for all the federal violations.
This is very important: Once the Forensic Loan Review is completed, something effective must be done with it. Lenders actually tell homeowners it makes no difference (doesn’t it remind you of a criminal pointing out that the police won’t stop him) but doesn’t believe it for a minute. That is why Tila Solutions offers a free service to help negotiate on your behalf. The Lenders push borrowers around and mislead them all the time. Tila Solutions Negotiators will work on your behalf to make sure that you get your loan modification.
Tila Solutions has a homeowner hotline that you can call. Their consultants can help you identify if you have a predatory loan. They can help you determine if your loan is in need of a Forensic Loan Audit.
You should contact a Tila Consultant if you have been turned down for a loan mod, or if you are nearing or are in foreclosure. Tila Consultants can help people who are current on your loans or those with investment properties. A Forensic Loan Audit helps with these types of loans.