Loan Modification Advisory CorporationCall To Modify Your Loan

TO CONTRACT WITH LMAC

Business Name:

Contact:

Street Address:

City:

State: Zip Code:

Daytime Phone:

Evening Phone:

E-Mail Address:

Forensic Loan Auditing

Forensic loan auditing is a study of the lender provided documents to uncover potential violations of state and federal consumer protection laws. Utilizing this information can be the leverage needed in order to negotiate new loan terms.

If violations are determined, an option is to mediate the loan with the lender and demand a loan modification based on the legal violations uncovered. A lender is usually willing to do this because mediating a loan and making it a performing asset is far less costly than foreclosure or incurring large legal expenses.

Document Review

    •Key players and the homeowner initial interview
    •Purchase Agreement analysis
    •Loan qualification at time of closing
    •Appraisal analysis and examination
    •Title insurance analysis and chain of title examination
    •Lenders submission and qualification guidelines
    •Lenders closing instructions and approval of HUD1 Closing Statements
    •HUD1 closing statement analysis
    •Calculation analysis of Federal Truth in Lending - Annual Percentage Rate (APR)
    •Calculation analysis of Federal Real Estate Settlement Procedures Act (RESPA)
    •Equal Credit Opportunity Act analysis
    •HOEPA analysis
    •Fair Credit Reporting analysis
    •Predatory Lending analysis
    •Best loan option analysis
    •Federal Fair Lending Act analysis
    •Section 32 (High Rate, High Fee Loans) Regulation Z calculations and analysis
    •Abusive lending practices analysis
    •State and Federal Licensing for key players
    •Financial Benefit analysis on cash-out refinances

Constructive Fraud

Was the borrower provided all pertinent information they would need to know before accepting the loan terms? Was there a prepayment penalty or any other information that the lender failed to re-disclose.

Breach of Contract

The note itself and all attachments, riders, disclosures, etc. are a contract. Were there any terms in the contract that the lender failed to follow?