Services

Services Rendered by Mortgage Compliance Investigations

The task is carried out by certified private investigators, who also use specialist tools and securitization bank consultants who are not affiliated with them. They offer the following services:

Loan Level Data for the loans in addition to any known information about the company that bought the debt.

Finding loans with RMBS (Residential Mortgage Backed Securities), VA, FHA, and GSE loans is something we can do.

Loans from the World Savings Bank, Washington Mutual FSB, and FSB are also included.

When determining who the proper entity is with claims to the loan, they examine all publicly available documents and court records.

A certified private investigator can compile the data into an affidavit .that is prepared for your court pleadings.

Money-Back Guarantee if they cannot find your loan

01.

Why do I need Mortgage Compliance Investigators?

Over the past few decades, unethical practices and criminal activity have impacted our economy, particularly in the banking, finance, and housing sectors. Mortgages offer plenty of opportunities for unscrupulous actors to steal, trick, or take shortcuts regarding financial crimes. Let’s look at the complicated moral and legal problems accompanying mortgage fraud. 

Why do I need Mortgage Compliance Investigators?

Over the past few decades, unethical practices and criminal activity have impacted our economy, particularly in the banking, finance, and housing sectors. Mortgages offer plenty of opportunities for unscrupulous actors to steal, trick, or take shortcuts regarding financial crimes. Let’s look at the complicated moral and legal problems accompanying mortgage fraud. 

Mortgage Fraud

In its most basic form, fraud is the intentional misrepresentation and deception of information, facts, and statistics by one party to another. Therefore, mortgage fraud goes beyond unfair lending practices that single out particular debtors.

Individuals who intend to use a property as their primary residence or groups of investors who commit fraud by renting out properties or engaging in appraisal fraud when flipping houses can both commit housing or mortgage fraud.

It is any kind of “material misstatement, misrepresentation, or omission relative to the property or potential mortgage relied on by an underwriter or lender to fund, purchase, or insure a loan,” according to the Federal Bureau of Investigation (FBI).

Mortgage fraud can be divided into two separate categories: fraud for profit and fraud for housing.

Fraud for financial gain

This sort of mortgage scam is frequently carried out by insiders of the industry who use their position of power or knowledge to carry out or assist the fraud. According to ongoing investigations and extensive reporting, a significant portion of mortgage fraud involves collusion by professionals employed in the sector, including bank executives, appraisers, mortgage brokers, attorneys, loan originators, and other professionals. Fraud for profit misuses the mortgage loan procedure to steal money and equity from lenders or homeowners instead of securing homes. The FBI gives for-profit fraud cases top priority.

Fraud for housing

This kind of fraud is often represented by unethical behavior committed by a borrower who is driven to obtain or keep home ownership. For instance, the borrower can lie about their assets and income on a loan application, or they might pay an appraiser to inflate the worth of a property.

You only need to look at the news coverage and literature on the 2008 subprime mortgage crisis to realize the implications for the housing and real estate sectors as well as financial institutions. That speculative lending was supported mainly by mortgage fraud.

02.

The purpose of mortgage fraud

Mortgage fraud is encouraged for various reasons by both borrowers and professionals. By distinguishing between two main categories of fraud—fraud for housing and fraud for profit—we can explain most of those causes.

To achieve or preserve real estate ownership, borrowers who, frequently with the help of loan officials or other workers, misrepresent or omit relevant data regarding employment and income, debt and credit, or property worth and condition conduct fraud for housing.

The purpose of mortgage fraud

Industry professionals who misstate, falsify or omit pertinent information regarding their own employment and income, debt and credit, or property value and condition to maximize profits on a loan transaction are committing fraud for profit.

Any professional involved in the loan transaction chain, including the builder, real estate sales agent, loan officer, mortgage broker, credit/debt counselor, real estate appraiser, property inspector, insurance agent, title company, attorney, and escrow agent, can engage in fraud for financial gain.

Professionals within the industry may also band together to commit fraud against underwriters, lenders, and borrowers to raise fees and divide profits for all mortgage-related services. These acts are driven either by the desire to enhance an investment position or to earn further sales commissions.

03.

Defending Against Mortgage Fraud

At the local, state, and federal levels, there is no shortage of legislation aimed at reducing mortgage fraud. States recently made a significant advancement by mandating loan officer licensing and ongoing education.

Government organizations also license and oversee the real estate, title, and insurance firms. The activities and transactions of mortgage lending organizations must be audited regularly by governments to ensure compliance.

04.

Conclusion

The good news is that by lowering mortgage fraud, we can strengthen the markets. It’s essential for people to have reasonable expectations for their borrowing and homeownership experiences. Investors should set attainable profit objectives.

Industry professionals must uphold higher standards of conduct and accept organizational accountability from their peers. Governments must harmonize the law and reconcile law enforcement with ongoing inquiries.

Mortgage Compliance Investigators are also there to help you avoid falling prey to fraudsters and ensure you have a smooth mortgage journey.

Why Choose Me

Accurate Record Keeping

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