Newsflash

The simple truth is that too many borrowers are victims of unfair and deceptive lending practices. We help you facilitate the services that prevent, and if necessary, defend homeowners against predatory mortgage lending.

 
Lender Compliance

 

Educating lenders can be a way of curtailing predatory loans.

Our ultimate goal is to have borrowers treated fairly.  We will be the first to say that it's unfortunate that the services we provide to protect borrowers is even needed.  It's a shame that discrepancies are found in nearly 70% of mortgages audited.  Only around 30% of the Preliminary Audits completed for our prospective clients prove to be good (non-predatory) loans.

Reasons why Lenders get away with deceptive lending practices:

  • Borrowers are unsuspecting.
  • Borrowers accept the response, "You signed it."
  • Borrowers are unaware of Consumer Protection Laws.
  • Borrowers don't know how to protect themselves.

Let's face reality.  If predatory lenders can get away with taking advantage of borrowers 99% of the time...it's going to be profitable!

If our mission is to help borrowers turn the tables on lenders, some wonder if educating lenders would be good for business.  Regardless if that is the case, this trend of writing predatory loans needs to end and the tide needs to turn.  The fact that discrepancies and violations are being exposed in an alarming number of audits, we feel that this should never be considered acceptable to borrowers or the lending community.

State and Federal Consumer Protection Laws allow damages to accumulate fast for victims of predatory lending.  Lenders may correct their errors and omissions at anytime during the life of a loan unless the borrower discovers discrepancies first.  Whatever route lenders choose, we encourage them to take steps to become compliant today.

Lender Compliance Package ---- $2,500

Our Lender Compliance Package consists of audits of lender's sample loans and conference call sessions hosted by an expert and attended by your mortgage lending personnel.  This service can potentially save lenders millions by avoiding future lawsuits.

If you are a Lender interested in our Lender Compliance Package, please contact the Consultant that introduced you to Mortgage Violation Watchdog for further information.  If you do not have a Consultant, please complete the fill form on our Contact Us page.

 

  

 

 
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