While it is widely known and blogged practically all over the internet that there are mortgage modification scams all over the country, it has come to our attention that at least a few of these scammers are now jumping into the forensic mortgage auditing business. Here are some rules of thumb to follow if you are looking for a solid forensic loan auditor. First, make sure they are certified by the National Association of Mortgage Underwriters. NAMU certifies auditors who have gone through a fairly rigorous class held by Certified Forensic Mortgage auditors and passed a test at the end of the week. While the class was comprehensive and exhausting, the test was easy so do not use this as your only evaluation criterion. This will at least separate out those who have been exposed to appropriate technique and exposed to the violations known to be useful in the everyday litigation of foreclosure defense, quiet title actions, RESPA, TILA, Regulation Z, HOEPA, Constructive Fraud and other aspects of subprime predatory mortgage lending.
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