Tag Archives: Forensic

Cendrowski Corporate Advisors Welcomes Dr. Barry Jay Epstein Chicago Forensic Accounting Professional Expands CCAs Litigation Assistance Group

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Chicago, IL (PRWEB) July 01, 2013

Dr. Epstein has served as a consulting or testifying accounting professional witness in a lot more than 140 situations across the country, notes Founding Member and Managing Director Harry Cendrowski. We are proud to add him to our current team of litigation specialists and authors.

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I look forward to operating with the a lot of accomplished professionals at CCA, said Dr. Epstein. The teams collective encounter with the Federal Bureau of Investigation (FBI), Huge four accounting firms, corporations, and economic institutions positions CCA as a formidable team in complex litigation, fraud, skilled malpractice, and bankruptcy matters.

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Dr. Barry Epstein is broadly recognized as an accounting expert on U.S. Typically Accepted Accounting Principles (GAAP) and International Monetary Reporting Requirements (IFRS). He is a practicing accountant and frequent expert witness who performs extensively with attorneys and U.S. regulatory agencies in the locations of securities litigation, white collar defense, financial reporting fraud, and accountants malpractice. In addition to GAAP and IFRS, his technical consultations concentrate on auditing requirements and Sarbanes-Oxley audit committee compliance.

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Dr. Epstein is the author of The Handbook of Accounting and Auditing (RIA, Thomson Reuters), a distinction he has held for more than 20 years. For decades he was the lead co-author on two authoritative reference functions on U.S. and international accounting requirements (Wiley GAAP and Wiley IFRS). Dr. Epstein has also written or contributed to scores of articles on auditor liability and other finance, accounting, and auditing subjects that have been published in legal and accounting journals.

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As an author, Dr. Epstein distinguishes himself with the depth and clarity of Rule 26 or equivalent reports that clearly describe relevant accounting, auditing, and monetary reporting requirements for attorneys, judges, and jury members.

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About the Cendrowski Companies

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Cendrowski Corporate Advisors (http://www.cca-advisors.com) is a complete-service financial consulting and litigation assistance firm with offices in Chicago, IL and Bloomfield Hills, MI. The firm offers hugely private services to clientele in the legal, private equity, banking, corporate, and non-profit industries. Because 1983, CCA and its affiliates have worked hand in hand with attorneys and litigation assistance personnel to provide forensic accounting, organization valuation, and dispute advisory solutions. CCA also gives threat assessment, back office administration, and background and asset investigation solutions.

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Founding member Harry Cendrowski, CPA, ABV, CFF, CFE, CVA, CFD, MAFF, is the lead author of Enterprise Threat Management and COSO: A Guide for Directors, Executives, and Practitioners (Wiley 2009), Private Equity: History, Governance, and Operations (Wiley, 2008), and The Handbook of Fraud Deterrence (Wiley, 2006). Affiliated companies consist of the tax and accounting firm of Cendrowski Selecky Computer (http://www.cendsel.com) and the independent, multi-client household office firm of Prosperitas Group (http://www.prosperitasgroup.com).

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Forensic Mortgage Audit a Strong Negotiating Tool

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Melbourne, FL (PRWEB) November 15, 2009

Authorities agree. Four out of five mortgage loans contain serious state and federal violations.

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Every single year, an astounding $ 25 billion of American savings is taken in the form of predatory mortgages, payday loans, overdraft loans, tax refund loans, and excessive credit card debt. Predatory mortgages alone make up practically $ ten billion in fraudulent costs, charges, and kickbacks. Undesirable lenders count on shoppers becoming unaware of their rights when it comes to the complicated approach of getting a property loan. The forensic mortgage audit is a powerful negotiating tool being used by home owners with mortgages, borrowers facing foreclosure or those who have trouble creating their mortgage payments. The goal of loan modification is to attempt to negotiate new, much more inexpensive mortgage terms. This is a difficult procedure for the average homeowner who usually has difficulty receiving their lender to cooperate. Mortgage Audits On-line requires the negotiation process to the subsequent level with a new weapon for distressed homeowners to add to their arsenal.&#13

With the buyer in mind Mortgage Audits On-line gives the industries most reasonably priced service at only $ 199 for a complete compliance audit. They also do not sacrifice the quality of the audit or cut corners, most consumers realize that Mortgage Audits On-line provides a superior audit file. With more than 20 years of real estate knowledge from underwriting, title examination and loan processing our employees is equipped to handle any assortment of services.&#13

Mortgage Audits Online performs a forensic loan audit to find out if their lender has violated the Truth in Lending Act, RESPA and HOEPA laws or if they have created any errors in preparing closing documents or neglected to give adequate disclosure. According to the Truth in Lending Act, tiny errors in calculations can enable the borrower to rescind the loan. The threat of an expensive lawsuit will compel the lender to make necessary corrections and/or agree to loan modification. Mortgage Audits On the internet will carry out a full forensic mortgage loan examination to support distressed property owners fight back. Nearly 80 percent of loans reviewed include errors and violations. A lot of loans funded during the “boom” years of 2002-2006 have been performed with legal violations.

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The majority of loans have important State and Federal violations resulting from carelessness, greed or just innocent oversight by the lender and/or broker. The objective of the forensic loan audit is not to force the lender into a expensive lawsuit, but rather to compel the lender to negotiate an affordable work out plan so the borrower can hold their home while the lender mitigates their losses. Nevertheless, no matter why these violations have been performed by the lender, these violations carry extremely stiff monetary penalties for the lender, and can outcome in significant legal consequences to the lender, such as forcing the lender to refund all interest paid to date back to the borrower.

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For instance, let’s say that over the final two years, you paid $ 25,000 in interest on your loan that contained Federal or State Violations. The lender could be essential to spend you back $ 25,000!

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Discover more at http://www.mortgageauditsonline.com or get in touch with a loan Audit specialist at 866-647-3452

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Forensic Mortgage Auditors Expands Audit Focus to Incorporate “Choice Arms” and Reverse Mortgages. Serving Borrowers and Law Firms Nationwide

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Miami, FL (PRWEB) December 14, 2009

The proportion of U.S. home owners who owe much more on their mortgages than the properties are worth has swelled to about 23%, threatening prospects for a sustained housing recovery. Practically ten.7 million households had adverse equity in their houses in the third quarter, according to 1st American CoreLogic, a genuine-estate information business primarily based in Santa Ana, Calif.

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A lot more than 40% of borrowers who took out a mortgage in 2006 — when home costs peaked — are under water. Prices have dropped so considerably in some components of the U.S. that some borrowers who took out loans more than five years ago owe more than their home’s value.

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These so-known as underwater mortgages pose a roadblock to a housing recovery because the properties are more probably to fall into bank foreclosure and get dumped into an currently saturated industry. Economists from J.P. Morgan Chase &amp Co. stated Monday they did not anticipate U.S. property rates to hit bottom until early 2011, citing the prospect of oversupply.

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Property rates have fallen so far that 5.three million U.S. households are tied to mortgages that are at least 20% larger than their home’s worth, the Initial American report said. Far more than 520,000 of these borrowers have received a notice of default, according to 1st American.

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Forensic Mortgage Auditors (“FMA”) is a business unit of Professional Witness Solutions, LLC. FMA by way of its staff of experienced mortgage specialists and its information evaluation division, can perform a forensic fact pattern evaluation on a mortgage transaction, moving from the initial application interview all the way through to the closing of the transaction. At every step of the procedure, FMA evaluates the transaction for full complaince with RESPA, TILA, FCRA, HOEPA, and other agency rules and regulations. Every instance of improper practice is identified and FMA will cite to the applicable regulation creating legal assessment less complicated for the borrower’s attorney.

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Report turn-around occasions are rapid, and the reports are usually regarded to be litigation prepared. FMA’s work product can be combined with FRE Report VII qualified expert witness solutions available from FMA’s parent organization.

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FMA provides solutions to Home Owners and Law Firms. If you are an lawyer, or if you or an individual you know is topic to a subprime mortgage, “Option Arm” , or a Reverse Mortgage exactly where concerns of suitability or compliance exist, speak to FMA at (877) 330-9111. Or go to their web internet site at http://www.expert-witness-solutions.com.

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Reaching U Network is Giving Away 100 Forensic Mortgage Audits to Struggling Home owners

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Miami, FL (PRWEB) September 14, 2011

Banks lending practices these days have been much more than questionable, as according to a report issued by FDIC, 80% of all mortgages contain some kind of fraud. For that reason questioning ones current mortgage documents for fraudulent activity should be a principal concern for each and every homeowner. Reaching U Network, a nonprofit organization, is providing away one hundred Forensic Loan Audits to house owners who have been struggling to preserve their homes. For a homeowner who maybe struggling with a tedious loan modification method or due to a hardship may have defaulted or fallen behind on their mortgage payments, a forensic loan audit might support identify fraudulent activity in mortgage documents which may possibly support save a residence from foreclosure.

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A homeowner must know that a forensic audit alone can not stop foreclosure, any homeowner who is told this demands to be conscious that they are becoming misinformed. What a forensic loan audit can do is open up a discovery method for litigation that could void ones mortgage if it is determined that a home owners mortgage document consists of fraudulent doings. If a homeowner is a victim of fraud or predatory lending practices, a forensic loan audit will give the signifies to take back control for a residence owner struggling to save their home.

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According to Customer Affairs, it is illegal for a mortgage lender to force one to spend on a mortgage that consists of any type of fraud, therefore if a forensic loan audit proves there is fraudulent activity proper legal representation will be necessary to assist a homeowner by way of the procedure of litigation soon after the audit is full.

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Reaching U Network is helping to take the initial step in figuring out if a property owners mortgage is fraudulent. To qualify for a forensic loan audit you should be a homeowner, be behind or in default of your mortgage payments, be employed or have an income and you have to want to save your home. To qualify for a cost-free forensic loan audit send your request to info(at)reachingunetwork(dot)org. Take the very first step in saving your home.

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An Affordable Forensic Loan Audit by Forensic Auditor Services and the Appropriate Legal Representation Can Help Save a Property

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Henderson, NV (PRWEB) August 26, 2011

Homeowner rights below Regulation Z are being violated and continue to develop at astounding rates, as proof of mortgage fraud becomes much more prevalent all through mortgage documents. Forensic Auditor Services provides 70% off their forensic audits beginning August 2011. With the increasing number of foreclosures, these audits have become a essential issue when it comes to saving a property.

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Regulation Z is a federal law requiring lenders to totally disclose in writing the terms and situations of a mortgage. Regulationz.org is an on-line service that supplies homeowners a forensic loan audit, at an really low cost. Regulationz.org also donates 40% of their sales to regional charities to assist struggling property owners. For only $ 295.00, a 70% discount from retail rates, Regulationz.org will help homeowners learn regardless of whether their lender has violated state or federal laws and can help a homeowner determine how to proceed if one learns these rights have been violated. Even if a home is in foreclosure, if violations prove particular, then a mortgage company might not be legally able to foreclose on a property. Court instances have reversed foreclosure primarily based on a forensic loan audit, proving that a homeowner can nevertheless save their residence if they have the appropriate evidence against their lender. Some of these audits sell for thousands of dollars but it is no longer essential to overpay for the same benefits.

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Forensic audits have turn out to be popular in terms of organizations stating they can supply a indicates to assist maintain a house from foreclosure or reduced an current mortgage price. What a lot of individuals do not know is how crucial these audits are in proving fraudulent activity below Regulation Z inside a mortgage. According to a report issued by FDIC, as higher as 80% of federally supervised banks that created loans for the duration of the mortgage boom were cited for patterns of compliance violations”. It is crucial for a homeowner, who is present on their mortgage payments, to know whether they could be paying on a poor mortgage. Or if a mortgage is in default then the audit might provide a cause for mortgage firms to negotiate with a homeowner whose property is underwater or who have attempted for a loan modification which at some point led to foreclosure. A mortgage lender with proven violations could owe a homeowner thousands of dollars a forensic loan audit is the initial step to take to reclaim what may possibly be owed.

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Audits alone will not aid a homeowner fight or cease a foreclosure it is a tool utilized for an attorney representing the homeowner to develop a foreclosure defense against the lender. Regulationz.org can help a homeowner determine if they have been a victim of fraud and can refer them to an lawyer that can offer you legal tips.

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Home owners need to have to find out their rights to defend against a fraudulent mortgage, which could save their property from foreclosure. The right tools will aid, Regulationz.org can supply them.

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Cease Foreclosure, Forensic Loan Audits with Loan Modifications

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Mamaroneck, NY (PRWEB) September five, 2009

Via the Forensic Loan Audit, Guardian Advocate Group, Llc is offering customers a way to have leverage in order to aid them receive a Mortgage Modification More quickly and with quite tiny hassle.

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Forensic Loan Audits involves a Comprehensive intake interview with all parties on the mortgage, Full loan document and disclosure audit by employees attorneys and CPA’S to Uncover Violation in Truth In Lending Act ( TILA ) and True Estate Settlement &amp Procedures Act ( RESPA ). We also Carry out a Reverse engineering of your loan terms and Annual Percentage Rate ( APR ) for feasible TILA violations. “Our Clientele get a Full report with all violations and findings, According to Gregg Schwack “Branch Manager”

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“Our Forensic Loan Doc Audits will aid home owners to find out if there loans were carried out illegally and give us nearly a full proof answer to their mortgage troubles,” says Mike Luchen President of Guardian Advocate Group, Llc”

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Guardian Advocate Group, Llc specializes at delivering home loan mortgage modification solutions, it also offers buyers with a number of other debt associated services such as Debt Settlement, Short Sales, Principal Reductions and Forensic Loan Audits. Guardian Advocate Group is a a single quit shop for all modifications and credit card debt settlement.

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About Guardian Advocate Group, Llc :&#13

Guardian Advocate Group, Llc was founded by “Mike Luchen” a Top Realtor Ranked in the Leading 1% in the Globe with Coldwell Banker Residential Brokerage due to the current predicament of most property owners in today’s marketplace.

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“We have a champion team of licensed mortgage bankers, loan processors, Realtors and on staff attorneys &amp CPA’s who handle the each day obstacles homeowners will encounter. We will guide you whilst doing a loan modification, or mortgage forensic loan audit each and every step of the way. We even supply Do It Yourself Loan Modification Kits”

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“Guardian Advocate Group, Llc constant track record of uncompromising ethics, integrity and trust is unsurpassed. We respond swiftly and give you the most efficient and personally tailored service obtainable in the market these days. We know that several Americans face difficult occasions and individual hardship. We are very successful in assisting in the home loan modification method.”

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For Homeowners who require assist or would like a free consultation, We encourage folks to contact our loss mitigation consultants at 877-511-6637 or Check out THEM on the net at http://www.GuardianMods.com

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National Forensic Loan Audit Experts featured in Wall Street Journal — Premier Loan Audit Firm Now Offering Solutions to the Public

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Beverly Hills, CA (PRWEB) July 28, 2010

National Forensic Loan Audit Professionals and Fidelity Commercial Capital, America’s top real estate finance specialists, had been not too long ago featured in the Wall Street Journal showcasing the one big company idea given to business owners to support them thrive in our present economy. The authorities featured are devoted to spreading expertise and awareness in their field of experience and creating important contributions to their sector and the marketplace as a entire.

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National Forensic Loan Audit Specialists which is a Firm that specializes in residential, commercial, and tough money loan audit services has recently opened its doors to home owners and buyers enabling the public to acquire these solutions straight from the supply. NFLAE has been viewed as America’s premier loan auditing firm to correspondent lending institutions, federal banking associations, law firms, wholesale lenders and direct lending institutions across the nation. National Forensic Loan Audit Professionals now desires to expand and concentrate their efforts on helping the common population far more efficiently receive the mortgages they deserve to be in. This break-through business is led by a quite efficient and skilled management group that is sure to make a large influence in an market that is in desperate need to have of help.

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National Forensic Loan Auditors is a national compliance management firm which provides professional, advisory, and consulting services to economic institutions, mortgage bankers, actual estate attorneys, consumer lending entities, and home owners. Our experience addresses all vital places connected with regulatory matters, compliance, and high quality control. NFLAE can assist clients in meeting the oversight of regulators, fair lending mandates, and preserving internal lending integrity and validation practices through independent top quality handle audits.

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National Forensic Loan Auditors gives you with the proof and help you can trust to aid you seek much better modification terms, restructuring of new terms, principal or price reduction, or continued discovery. With the greatest possible to alleviate “standard modification” setbacks and re-occurrence of default, certified and objective evidence assists simplify negotiations and stay making use of the information and help supplied by National Forensic Loan Auditors.

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A 2006, FDIC Office of Inspector Basic Report revealed:

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83% of the institutions examined had been cited for “significant” compliance violations

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43% of these institutions had been “repeat offenders”

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85% of those repeat offenders had been hugely rated by the FDIC for their in-location compliance procedure

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Our executive and management group consists of best-selling authors who are often sought out by the media to give professional opinions. A lot of have been featured on NBC, CBS, ABC and FOX affiliates as nicely as noticed in USA Nowadays, Newsweek, and the Wall Street Journal. Our management has a mission statement and passion for assisting folks and they are active in speaking with consumers frequently.

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Mr. McDevitt has a philosophy of “partnering” with his clientele each step of the way from the initial meeting via the funding procedure to make certain a clear understanding of his client’s financial ambitions and objectives. With his commitment to outstanding service, Mr. McDevitt personally manages each critical step of the financing approach while constantly monitoring alternative techniques till the deal is totally authorized, funded, modified, and completed. McDevitt will be participating with other chosen celebrity experts across various industries in several initiatives more than the course of the year and will be weighing in on important subjects to consumers and businesses alike.

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Mr. McDevitt was interviewed about the present loan modification boom, and the perks it has to offer compared to classic financing. “Quite simply put – a loan modification is a renegotiation of the terms of your mortgage through your current bank to modify the rate and terms of your mortgage, without the require to refinance, the only way to guarantee you receive the best terms are to audit your loan documents and ensure the loan is enforceable,” explained McDevitt.

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“There are millions of accountable families out there that make their monthly payments, and they fulfill their obligations, but they’ve seen their house values fall and are unable to refinance at reduced mortgage rates,” remarked Mr. McDevitt. “These individuals are going to be in a tight circumstance unless they do some thing quickly and that’s where we come in to play, a forensic loan audit is needed in order to make certain a loan modification or exercise will take spot. We have successfully decreased principle balances and prices that are so important that you would not think me until you truly saw the revised documents yourself,” McDevitt continued.

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National Forensic Loan Audit Authorities are in the enterprise of assisting residence owners that are trapped in their mortgages to continue living the American Dream of house ownership. We are devoted to supplying options to property owners experiencing difficulty with their mortgage. We negotiate with lenders to uncover options that will lessen month-to-month expenses and enable owners to hold their home. Throughout the process we will preserve you informed, engaged and moving toward an early resolution.

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For a lot more information about National Forensic Loan Auditors, please go to http://www.NFLAE.com.

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National Forensic Loan Audit Experts (NFLAE) Featured in Wall Street Journal – Premier Loan Audit Firm now Offering Services to the Public

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Beverly Hills, CA (PRWEB) July 29, 2010

National Forensic Loan Audit Experts and Fidelity Commercial Capital, America’s major real estate finance experts, had been not too long ago featured in the Wall Street Journal showcasing the a single big organization notion provided to company owners to assist them thrive in our current economy. The professionals featured are devoted to spreading information and awareness in their field of experience and creating important contributions to their market and the marketplace as a entire.

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National Forensic Loan Audit Specialists which is a Firm that specializes in residential, commercial, and challenging income loan audit solutions has recently opened its doors to homeowners and customers enabling the public to receive these solutions directly from the source. NFLAE has been viewed as America’s premier loan auditing firm to correspondent lending institutions, federal banking associations, law firms, wholesale lenders and direct lending institutions across the nation. National Forensic Loan Audit Professionals now wants to expand and concentrate their efforts on helping the basic population more efficiently receive the mortgages they deserve to be in. This break-by way of organization is led by a extremely efficient and knowledgeable management team that is certain to make a massive influence in an sector that is in desperate want of assistance.

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National Forensic Loan Auditors is a national compliance management firm which offers expert, advisory, and consulting services to economic institutions, mortgage bankers, true estate attorneys, customer lending entities, and property owners. Our experience addresses all essential places linked with regulatory matters, compliance, and good quality manage. NFLAE can help consumers in meeting the oversight of regulators, fair lending mandates, and keeping internal lending integrity and validation practices by way of independent quality manage audits.&#13

National Forensic Loan Auditors offers you with the proof and support you can trust to aid you seek far better modification terms, restructuring of new terms, principal or rate reduction, or continued discovery. With the greatest possible to alleviate “regular modification” setbacks and re-occurrence of default, qualified and objective evidence aids simplify negotiations and stay making use of the information and assistance supplied by National Forensic Loan Auditors.

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A 2006, FDIC Workplace of Inspector Basic Report revealed:

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83% of the institutions examined were cited for “important” compliance violations

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43% of these institutions have been “repeat offenders”

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85% of those repeat offenders have been extremely rated by the FDIC for their in-location compliance procedure

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Our executive and management group consists of ideal-selling authors who are routinely sought out by the media to give specialist opinions. Several have been featured on NBC, CBS, ABC and FOX affiliates as effectively as noticed in USA Right now, Newsweek, and the Wall Street Journal. Our management has a mission statement and passion for helping people and they are active in speaking with consumers regularly.

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Mr. McDevitt has a philosophy of “partnering” with his clientele every single step of the way from the initial meeting via the funding method to make certain a clear understanding of his client’s economic goals and objectives. With his commitment to outstanding service, Mr. McDevitt personally manages each vital step of the financing procedure whilst consistently monitoring alternative techniques till the deal is totally approved, funded, modified, and completed. McDevitt will be participating with other selected celebrity professionals across numerous industries in multiple initiatives over the course of the year and will be weighing in on key subjects to consumers and organizations alike.

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Mr. McDevitt was interviewed about the existing loan modification boom, and the perks it has to supply compared to classic financing. “Really basically place – a loan audit will outcome in a renegotiation of the terms of your mortgage via your existing bank to modify the rate and terms of your mortgage, with out the require to refinance, the only way to guarantee the loan is enforceable,” explained McDevitt.

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“There are millions of responsible households out there that make their month-to-month payments, and they fulfill their obligations, but they’ve observed their property values fall and are unable to refinance at lower mortgage prices,” remarked Mr. McDevitt. “These people are going to be in a tight scenario unless they do some thing quickly and that’s exactly where we come in to play, a forensic loan audit is necessary in order to ensure a loan modification or exercise will take location. We have effectively reduced principle balances and prices that are so important that you would not believe me till you really saw the revised terms yourself,” McDevitt continued.

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National Forensic Loan Audit Experts are in the company of assisting house owners that are trapped in their mortgages to continue living the American Dream of property ownership. We are committed to providing solutions to property owners experiencing problems with their mortgage. We negotiate with lenders to locate solutions that will reduce monthly costs and permit owners to preserve their residence. For the duration of the method we will maintain you informed, engaged and moving toward an early resolution.

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For far more info about National Forensic Loan Auditors, please pay a visit to http://www.NFLAE.com

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National Forensic Loan Audit Experts (NFLAE.com) Featured in Newsweek – Premier Loan Audit Firm Now Supplying Solutions to the Public

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Los Angeles, CA (PRWEB) July 31, 2010

National Forensic Loan Audit Experts and Fidelity Commercial Capital, America’s top real estate finance professionals, were recently featured in Newsweek. The experts featured are devoted to spreading understanding and awareness in their field of expertise and making important contributions to their market and the marketplace as a complete. National Forensic Loan Audit Professionals had been chosen for their knowledge in the field of true estate finance, loan modification, and forensic loan auditing solutions.

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National Forensic Loan Audit Authorities (NFLAE.com) which is a Firm that specializes in residential, commercial, and difficult income loan audit solutions has lately opened its doors to homeowners and consumers allowing the public to obtain these services directly from the source. NFLAE has been viewed as America’s premier loan auditing firm to correspondent lending institutions, federal banking associations, law firms, wholesale lenders and direct lending institutions across the country. National Forensic Loan Audit Experts now desires to expand and concentrate their efforts on helping the common population a lot more properly receive the mortgages they deserve to be in. This break-through firm is led by a really effective and seasoned management team that is confident to make a large effect in an business that is in desperate need of help.

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National Forensic Loan Auditors is a national compliance management firm which provides specialist, advisory, and consulting solutions to monetary institutions, mortgage bankers, real estate attorneys, customer lending entities, and home owners. Our expertise addresses all crucial regions associated with regulatory matters, compliance, and top quality control. NFLAE can help clientele in meeting the oversight of regulators, fair lending mandates, and maintaining internal lending integrity and validation practices by way of independent high quality handle audits.

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National Forensic Loan Auditors provides you with the evidence and assistance you can trust to aid you seek much better modification terms, restructuring of new terms, principal or price reduction, or continued discovery. With the greatest possible to alleviate “typical modification” setbacks and re-occurrence of default, qualified and objective evidence aids simplify negotiations and remain making use of the data and support offered by National Forensic Loan Auditors.

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A 2006, FDIC Office of Inspector General Report revealed:

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83% of the institutions examined had been cited for “important” compliance violations&#13

43% of those institutions were “repeat offenders”&#13

85% of those repeat offenders have been very rated by the FDIC for their in-place compliance method

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Our executive and management team consists of best-selling authors who are regularly sought out by the media to give specialist opinions. Numerous have been featured on NBC, CBS, ABC and FOX affiliates as nicely as observed in USA Right now, Newsweek, and the Wall Street Journal. Our management has a mission statement and passion for helping men and women and they are active in speaking with clients regularly.

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Mr. McDevitt has a philosophy of “partnering” with his clients every single step of the way from the initial meeting by means of the funding procedure to guarantee a clear understanding of his client’s economic ambitions and objectives. With his commitment to outstanding service, Mr. McDevitt personally manages each essential step of the financing method although continuously monitoring alternative approaches till the deal is completely approved, funded, modified, and completed. McDevitt will be participating with other selected celebrity specialists across different industries in multiple initiatives more than the course of the year and will be weighing in on important subjects to customers and companies alike.

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Mr. McDevitt was interviewed about the present loan modification boom, and the perks it has to offer compared to classic financing. “Quite simply put – a loan audit will outcome in a renegotiation of the terms of your mortgage by way of your current bank to modify the price and terms of your mortgage, without having the need to have to refinance, the only way to guarantee you acquire the ideal terms and ensure the loan is enforceable,” explained McDevitt.

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“There are millions of accountable families out there that make their month-to-month payments, and they fulfill their obligations, but they’ve noticed their house values fall and are unable to refinance at reduce mortgage rates,” remarked Mr. McDevitt. “These individuals are going to be in a tight situation unless they do anything swiftly and that’s exactly where we come in to play, a forensic loan audit is needed in order to make certain a loan modification or exercise will take spot. We have effectively reduced principle balances and prices that are so important that you would not think me until you really saw the revised documents your self,” McDevitt continued.

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National Forensic Loan Audit Professionals are in the enterprise of assisting home owners that are trapped in their mortgages to continue living the American Dream of property ownership. We are devoted to delivering solutions to property owners experiencing trouble with their mortgage. We negotiate with lenders to locate options that will lessen month-to-month costs and allow owners to maintain their home. In the course of the procedure we will maintain you informed, engaged and moving toward an early resolution.

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For much more info about National Forensic Loan Auditors, please check out http://www.NFLAE.com

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