{In depth|Broad} mortgage reporting is a very successful tool when auditing for mortgage {scams|scam|fraudulence}. As borrowers continue to educate themselves about the game lenders played {throughout the|through the} surge in demand for new homes from 2001 to 2007 this kind of analysis not only delves into forensic {fine detail|details|depth} of a mortgage lending options origination, but also the issue of profit {made} by the securitizing {celebrations|functions|get-togethers} and even the {size|duration|span} of time {the entire|the complete|the total} amount was recovered {with regards to|regarding|pertaining to} {amount|retirement|demise} of the original {mortgage|loan|note against it}.
Case after case is a blatant example of fraud covered with {scams|scam|fraudulence} drizzled with more {scams|scam|fraudulence} and rolled in {lays|untruths|fabrications}. At some point {most of us|many of us} must stop piling on mountains of evidence and ensure this evidence is being heard by {condition|express|point out} and federal court {idol judges|family court judges} in every type of judicial and non-judicial {foreclosures|property foreclosure|home foreclosure} state. As an auditor we rely on {lawyers|legal professionals} {to be sure|to make certain} evidence is {offered|shown|provided} and {utilized in|employed in|found in} a way that gets results for betrayed homeowners and wronged investors.
In brief, {the lending company|the financial institution} lent the borrower {a sum|a quantity} that was beyond his capacity to repay and sold the loan to a securitization trust {therefore|thus} recovering {the total amount|the quantity} it {given|loaned|mortgaged} to the borrower within just three months of granting. For its part, the trust utilized the MERS System® to {slice|minimize|lower} short the documentation process and skip recording fees, earned tax-exempt income from securitizing this loan, and even {if this|whether it} failed to properly comply with the transfer requirements it is now initiating foreclosure. MERS in turn engaged the services of robo-signers to partially comply with the requirements.
Believe it or not most Americans are convinced checking your {home loan|mortgage loan} for fraud is malarkey. They think it is some scam where by people try and get their homes for free. Let me be clear, I don't dedicate my {some|as well as} sanity to {assisting|supporting|aiding} anyone that borrowed money to buy a house have the delusion that they don't need to pay it back. The things i do, is make sure what they pay back is what they owe and the entities that are {celebrations|functions|get-togethers} {in this|for the reason that|because} real estate {deal|purchase} operated lawfully. A very simple concept yet very controversial.
The motto of any examiner/auditor should be to have no personal interest in the {end result|result|final result} of an examination and perform their task with the highest degree of professional integrity. All decisions must be exercised with due care and {persistance|homework|persistence} and their conclusions {centered|structured|established} on the documents {offered|shown|provided} coupled with information {collected|obtained|accumulated} from the most reliable sources {that are offered|that exist|available}. I'll take that mission everyday.
