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Real Estate News Releases
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(EMAILWIRE.COM, April 30, 2010 ) West Bloomfield – Mortgage loan modification services are in high demand as hundreds of thousands of people face losing their home to foreclosure. The high demand for loan modification negotiators has created yet another big problem…scammers who prey upon the distressed homeowner by promising to save their home.
Federal and state agencies are cracking down on mortgage modification companies who prey on distressed homeowners by charging huge fees while providing little service. Dave Smith recognized a need for competent, professional loan modification service when when he formed his new company, Mortgage Loan Audit Advantage. “We provide something of tangible value to the homeowner,” said Smith. “We do a forensic loan audit, which is a complete examination of all their loan origination documents.”
A forensic audit is a complete file review which demonstrates to the customer that the loan modification firm is providing a valuable service. The forensic audit is an important tool in negotiating loan modifications; findings of fraud or other violations provide leverage for representatives of distressed borrowers.
Material violations found in the forensic loan audit will compel a lender to modify a loan even if the borrower cannot show hardship or is otherwise not eligible for loan modification. The scope of an audit by Mortgage Loan Audit Advantage includes examining a mortgage file for compliance including regulatory requirements related to truth and lending, predatory lending, usury, higher rate, higher risk and subprime, loan to value requirements and debt to income requirements.
Dave Smith, a licensed mortgage loan originator, has been in the mortgage and real estate industry for over 30 years. His seasoned team of mortgage, real estate, legal, bankruptcy and credit repair professionals continues to help families find the best solution to their mortgage and real estate problems. Visit http://www.mlaudits.com to learn more.
Contact:
David Smith
Mortgage Loan Audit Advantage
400 Ann Arbor Rd; #185
Plymouth, MI 48170
734-756-6050
umoinfo@umoveon.com
This press release was submitted by Right Now Marketing Group, LLC
Mortgage Loan Audit Advantage
David Smith
734-756-6050
umoinfo@umoveon.com 
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