eMortgage Education Provider, Fidelity Financial Group, Presents Secure Audit Group, Certified Industry Experts, Award for Innovative Technology on Usage of Auditing Products Optimized for Consumer Loss Mitigation Workflow

LOS ANGELES, Dec. 7, 2011 /PRNewswire/ -- Secure Audit Group (www.secureauditgroup.com) in conjunction with, and a division of Fidelity Financial Group Beverly Hills (www.fidelityfinancegroup.com), one of the nation's leading provider of real estate compliance analysis and mortgage investigative report solutions, were recently publicly recognized for an event, which reached out to over eight hundred homeowners in Southern California. The event known as H.O.M.E. an acronym for Home Ownership Mortgage Education, which took place in Los Angeles, educated homeowners about bank practices and the proven benefits of mortgage compliance analysis reports and securitization audits. Activities included an analysis of case studies showing errors in bank practices, discussion of unique claims brought against Bank of America and Chase, as well as a question and answer session. Secure Audit Group again reaffirmed its' commitment to making homeowners aware of their options related to dealing with their loan servicers.

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According to the Limited Scope Electronic Examination Procedures published by Multistate Mortgage Committee (MMC) comprised of state regulator members of the Conference of State Bank Supervisors (CSBS) and the American Association of Residential Mortgage Regulators (AARMR), the initiative is, "a simultaneous limited scope examination of twenty five Multistate Mortgage Entities (MMEs) using the same compliance analysis software applications." The procedures explain that examiners receive electronic data for loans from licensees and audit the loans with the software, without the immediate need for costly on-site examinations. So far, twenty-seven states have collaborated in the examination process, which is enhanced through a variety of platforms used by numerous Corporations, including that of Icon Audit Solutions, H.O.M.E. Services, Secure Audit Group / Fidelity Financial Group Beverly Hills, Fidelity Compliance Audit, Homeland Assistance Bureau and led by many leaders in the Financial Services Compliance Regulatory.

Recognized by many in the industry as one of America's most successful leading mortgage compliance enforcement watchdogs and mortgage report solutions analysts, Fidelity Financial Group Beverly Hills and Secure Audit Group have been the leaders in the residential and commercial mortgage compliance analysis solutions providers, obtaining iconic credibility as a top-tier firm. After having launched a new offering of educational products designed to provide guidance to homeowners and commercial property owners, Secure Audit Group is in the Elite of American mortgage compliance analysis reporting agencies.

As a widely used resource for commercial real estate agents, as well as the exclusive auditing firm for Fidelity Financial Group, Secure Audit Group continues to promote industry-best practices by educating investors and their advisors about the benefits of auditing the loans associated with their investments.

Michael Price, Chief Executive Officer and acting Vice-President - compliance at Fidelity Financial Group., commented on the process, "Fidelity Financial Group has been using compliance analysis in production for many years. In every electronic examination that has required us to submit loan-level data, Regulator Direct Application Software has provided us with a simple and straightforward process to comply and to deliver the necessary information. It has made preparing for examinations much easier and quicker."

Since the beginning of 2011, Fidelity Financial Group and Secure Audit Group have used Regulator Direct and other similar software to be a part of the 60,000 loans directed to regulators for e-Exams. Ensuring that loans are clear of violations ahead of an examination can save a licensee the time and monetary cost associated with more extensive examinations. As a result, lenders are increasing their use of the up-front automated audits to prepare in advance for the new examinations. Secure Audit Group has recently opened its doors to consumers allowing the public to obtain these services directly from the firm, where prior to this decision, only conducted business-to-business dealings to correspondent lending institutions, federal banking associations, law firms, wholesale lenders, loss mitigation companies and direct lending institutions across the country. They are the exclusive audit firm to Fidelity Financial Group and exclusively handle all their compliance audit reports.

The other importance of the mortgage audit findings is that it may be the grounds to help move a non-judicial foreclosure action (currently in 29 states), if necessary, into jurisdiction, which can stop foreclosure in its tracks. More importantly, borrowers regardless of financial hardship and payment history now have the chance for a better position to negotiate new terms or loan settlement. Violations found in a loan audit can help place the borrower in the offense! We at Secure Audit Group help legal professionals navigate through the process with our learning channels, which we find critical for those legal advisors that are looking to make the audit solution part of their business practice. Information is only as good as the ones that know how best to use it.

Secure Audit Group, is the auditing division of, Fidelity Financial Group, which incorporates several companies under one roof that offer a variety of synergistic products to clientele while delivering a reputation for outstanding services with wholesale pricing. Secure Audit Group also handles commercial loan audits for several Commercial Agencies, Bankers, and Organizations. Secure Audit Group offers a variety of audits at wholesale pricing for residential and commercial real estate transactions.

For more information about Fidelity Financial Group or Secure Audit Group, please visit http://www.FidelityFinanceGroup.com or http://www.SecureAuditGroup.com or call (888) 910-9944.

SOURCE Secure Audit Group