Due Diligence Provider Expands Services to Support Attorneys Representing Homeowners

FORT LAUDERDALE, Fla., June 1 /PRNewswire/ --After offering comprehensive forensic mortgage analyses to attorneys nationwide for the past two years, the Consumer Mortgage Audit Center, LLC (CMAC), is now officially launching three additional forensic, due diligence services.

CMAC's already successful forensic mortgage analysis identifies potential deficiencies, discrepancies, errors and statutory violations within the particular mortgage loan transaction. New service offerings -- the recission finder audit, servicing history analysis and securitization audit -- are all subsets of the more comprehensive, forensic mortgage analysis.

"As attorneys across the country turn to us to gather evidence to defend homeowners with fraud-laden mortgages, we're responding directly to their requests for more service options," said Sylvia Alayon, vice president of operations for CMAC. "Many attorneys are still relying on our comprehensive mortgage audits to build their cases. Depending on the attorney, any of these audit products could mean a significant reduction in attorney work hours, great diligence ROI and faster aid to homeowners in trouble."

Rescission finder audits include review of material disclosures made to homeowner borrowers at closing and analysis of the creditor's calculations pursuant to the Truth in Lending Act (TILA). If material violations are uncovered, attorneys can leverage rescission finder audit results to enable homeowners to exercise their right to rescind the mortgage loan transaction.

Servicing history analyses look into the servicing of a mortgage by organizations that aren't typically affiliated with the financial institution that originated the loan. Documents reviewed include mortgage legal documents, disclosures, statements, correspondence, banking histories, servicing practices and more. Attorneys can use servicing history analyses to determine how mortgage rates and payments were applied or adjusted by the mortgage servicer and if federal, state or local lending laws are violated.

Securitization audits follow the chain of ownership for the mortgage note. If companies seeking to foreclose upon a property cannot prove that they own the note, attorneys can often use securitization audits to end or reverse the foreclosure of a home.

Consumer Mortgage Audit Center, LLC (CMAC) is a due diligence and consulting company specializing in the field of mortgage forensic research and analysis. CMAC boasts an experienced team of banking and mortgage experts, as well as ACFEI Certified Forensic Consultants. For more information, visit www.truthinaudits.com.

    Media Contact:
    Shelley Pfaendler | Charlotte Maumus
    KCSA Strategic Communications
    212-896-1248 | 212-896-1269
    spfaendler@kcsa.com | cmaumus@kcsa.com

SOURCE Consumer Mortgage Audit Center, LLC (CMAC)

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