Michael McDevitt, Real Estate Finance and Loss Mitigation Expert, Explains the Proven Benefits of Mortgage Loan Audits to Consumers in Loss Mitigation Cases

CENTURY CITY, Calif., July 6, 2011 /PRNewswire/ -- Michael McDevitt, America's leading real estate finance and mortgage loan audit expert, was recently featured in Bloomberg's Business Week showcasing the advantages consumers have in loss mitigation transactions using mortgage compliance analysis reports, forensic loan audits, mortgage securitization audits, and REST Reports. The excerpt praised Michael McDevitt as dedicated to spreading knowledge, educational tools and awareness in his field of expertise and making significant contributions to the real estate finance, mortgage loan modification industry and the marketplace as a whole.

The idea of the interview was initiated by previous interviews with America's Leading Experts, an organization that honors an exclusive group of forward-thinking business owners, entrepreneurs, professional speakers, authors and corporate CEOs who are pioneers in their market that will share their secrets of success with the audience.  

Michael McDevitt and business partners have originated new ideas and reports for clients who wish to receive loss mitigation solutions. These reports unveil inside banking guidelines that banks and lenders do not disclose to the consumers applying for these services.

Michael McDevitt has proven cases where providing this report constitutes immediate loan restructuring per compliance regulations on the banks behalf. Having a report with violations prove to be effective in forcing the lender to renegotiate the terms on existing home loans where in other cases would not be done without providing the proven evidence. As far as loan modifications are concerned any homeowner wishing to restructure their home loan is proven significantly more effective to have this report in hand to disclose the banks violations in securitizing and disclosure of loan terms to borrowers in all loan types.

Mr. McDevitt has a philosophy of "partnering" with his clients every step of the way from the initial meeting through the funding process to ensure a clear understanding of his client's financial goals and objectives. With his commitment to outstanding service, Mr. McDevitt personally manages each critical step of the financing process while constantly monitoring alternative strategies until the deal is fully approved and executed. McDevitt has participated with other selected celebrity experts across various industries in multiple initiatives over the past year and will be weighing in on key subjects to consumers and businesses alike.

Mr. McDevitt's excerpt continued on disclosing the perks loss mitigation has to offer compared to traditional financing.  "Very simply put - a loan modification is a renegotiation of the terms of your mortgage through your existing bank to modify the rate and terms of your mortgage, without the need to refinance," explained McDevitt.  

"There are millions of responsible families out there that make their monthly payments, and they fulfill their obligations, but they've seen their property values fall and are unable to refinance at lower mortgage rates," remarked Mr. McDevitt.  "These people are going to be in a tight situation unless they do something quickly – and that's where these audits will come in to play, it truly is a necessity to ensure the consumer is obtaining the best rates and terms possible," McDevitt continued.  Mr. McDevitt has guided his companies to focus on not only residential, but commercial loan modification as well and where his clients can retain his services at no cost up-front.

Mortgage Compliance Analysis Reports provide evidence and support accredited firms to have trust to help seek better modification terms, restructuring of new terms, principal or rate reduction, or continued discovery. With the greatest potential to alleviate "normal modification" setbacks and re-occurrence of default, qualified and objective evidence helps simplify negotiations and stay using the information and support provided by McDevitt Company.

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! McDevitt Company will help legal professionals navigate through the process with their learning channels, which 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.

McDevitt Company is not a loan modification company; in fact, any modifications brought on by the company are done at NO COST to the client. All negotiations are done for ZERO money out of pocket to client. McDevitt Company has proven to not beg and plead for the lender to change home loan terms and hope they oblige and encourage that consumers don't either. This approach doesn't work. Instead they partner consumers with top real estate attorneys with successful track records and lengthy resumes and ensure all mortgage findings are known prior to having the legal departments negotiate with the bank. McDevitt Company will monitor their progress, keep tabs on their customer service and ensure that the consumer is getting the most aggressive deals. They let the audit of your loan determine how it may be 100% unenforceable.

For more information about McDevitt Company, please call 888-950-9910 or visit http://www.McDevitt.co. McDevitt Company is located at:

McDevitt Company
9107 Wilshire Blvd.
Suite 450
Beverly Hills, CA 90210

SOURCE M. Group