Post on 23-Jan-2017
Mortgage Audits Online, Inc.
Lender Compliance Services
FAQ OVERVIEWAbout MAOWhat is a mortgage audit?What is required to audit a mortgage?What are the benefits of using an audit for loss mitigation?Can an audit be used in a court of law if necessary?How do I become a MAO affiliate?
About MAO Mortgage Audits Online, Inc.
Established in 2008
B2B Company
Loss mitigation support
Full litigation support
Professional staff includes, CPA’s, SEC Auditors and Certified Fraud Examiner
What is a mortgage audit?
Securitization AuditDetermines the holder of the note in due course
Uncovers breaks in the chain of title
Reveals forgery or robo-signing of assignments
Provides evidence of no standing of a plaintiff to foreclose
Forensic Audit
Check of TILA Compliance
Check of RESPA Compliance
State and federal lending and licensing regulations
Analysis of original closing documents for underwriting flaws
How can I select loans that are more likely to have violations?
Securitization Audit
Loans originated between 2001 and 2007
Balloon, High APR and adjustable mortgages
MERS as a party
Toxic original lender
Forensic Audit
Loans originated between 2001 and 2009
Complete closing paperwork available
Signed and dated closing documents
Balloon, High APR and adjustable mortgages
What is required to audit a mortgage?
Securitization Audit
Note and/or Mortgage/Deed of Trust
Forensic AuditNote and/or Mortgage/Deed of Trust
Initial and Final TIL – Truth in Lending Statement
GFE – Good Faith Estimate
HUD/HUD-1 Statement
1003 – Original Loan Application
Notice of intent to cancel/Disclosures
What are the benefits of using an audit for loss mitigation?
START THE PROCESS TO STOP ACTION
QWR - QUALIFIED WRITTED REQUEST
The ability to began a negotiation from a position of knowledge and information regarding the owner of the debt
Stall any action during the fraud investigation process
Notify all parties of possible flaws in the servicing, underwriting, securitization and/or foreclosure process
Can an audit be used in a default or foreclosure court case?
A securitization audit that uncovers fraud can be deemed “Court Ready” with the addition of an expert witness affidavit
An audit support affidavit from MAO is prepared by a certified fraud examiner. A CFE is a standing member of the ACFE with extensive mortgage fraud experience, and holds a Master of Science in Economic Crime
B2B LITIGATION SUPPORT
B2B NEGOTIATION SUPPORT
EXPERT WITNESS
Register your company online
athttp://www.mortgageauditsonline.com/u
ser/register
Call us today
866-647-3452