A forensic loan audit is a detailed examination of a mortgage loan file, with the goal of identifying any potential issues or violations of laws and regulations related to mortgage lending and loan servicing. The audit may be conducted by a third-party firm or by an internal audit team, and …
Why Conducting a Forensic Loan Audit is Important for Homeowners and Lenders Alike Read More »
Forensic loan audits have become a crucial tool for borrowers seeking to protect their rights and interests in the mortgage lending process. These audits involve a detailed examination of a borrower’s mortgage loan documents, including the loan application, disclosures, closing documents, and servicing records, to identify any potential errors or …
The Impact of Forensic Loan Audits on Legal Proceedings and Dispute Resolution Read More »
Loan accounting reports and analysis are vital components of the financial industry. Banks and other financial institutions rely on these reports to assess the health of their loan portfolios and make informed decisions about lending practices. Loan accounting reports and analysis refer to the process of recording, analyzing, and reporting …
The Impact of Economic Trends on Loan Accounting Reports and Analysis Read More »
The lending industry is a complex and constantly evolving sector that requires strict compliance with regulations and standards to maintain transparency and fairness. However, with the increased sophistication of financial instruments and the ever-changing economic environment, the potential for errors, misrepresentations, and fraudulent activities has also risen. One effective way …
The Benefits of Hiring a Professional Forensic Loan Auditor Read More »
The lending process can be complex, and mistakes or violations can occur at any stage of the process, from loan origination to servicing and foreclosure. Forensic loan audits are a type of financial analysis conducted to identify potential irregularities or violations of federal and state laws or regulations in the …
The Basics of Forensic Loan Audits: What They Are and How They Work Read More »
Forensic loan auditing is an essential service for anyone who is struggling with mortgage payments, facing foreclosure, or otherwise concerned about their mortgage. This type of audit involves a thorough review of your loan documents to identify any errors or violations that may have occurred during the loan origination process. …
How to Choose a Reliable and Trustworthy Forensic Loan Auditor Read More »
The process of forensic loan audits has become an essential part of the mortgage industry, aimed at identifying potential errors, discrepancies, and violations in the loan origination and servicing process. The main objective of forensic loan audits is to provide borrowers with a comprehensive analysis of their loan documents and …
How Technology is Revolutionizing the Forensic Loan Audit Process Read More »
Foreclosure is a scary prospect for any homeowner. The thought of losing one’s home and all the equity and memories associated with it can be overwhelming. However, many homeowners may not realize that they have options when it comes to foreclosure. One such option is a forensic loan audit. A …
How Forensic Loan Audits Can Help Homeowners Facing Foreclosure Read More »
The process of obtaining a mortgage loan can be a complicated and overwhelming experience, with borrowers often relying on lenders and other professionals to guide them through the process. Unfortunately, errors and violations by lenders can occur, which can result in borrowers experiencing financial difficulties or even losing their homes. …
Common Red Flags Uncovered by Forensic Loan Audits Read More »
Loan accounting reporting processes are critical for financial institutions to assess the health of their loan portfolios and make informed decisions about lending practices. However, these processes can be complex and time-consuming, especially for institutions with large loan portfolios. Inefficient loan accounting processes can result in inaccurate or inconsistent loan …
Best Practices for Streamlining Loan Accounting Reporting Processes Read More »
A forensic loan audit is a comprehensive review of a borrower’s mortgage loan documents to identify any errors or violations that may have occurred during the origination or servicing of the loan. This type of audit is typically conducted by professionals with expertise in mortgage lending and regulatory compliance, such …
Analyzing the Results of a Forensic Loan Audit: What to Look For Read More »
Loan classification is a critical component of the loan management and accounting process for financial institutions. It involves categorizing loans based on their risk profile, credit quality, and repayment status. Accurate loan classification is essential for proper loan management and accounting, as it provides lenders with a clear understanding of …
Understanding The Importance Of Accurate Loan Classification In Accounting Reports Read More »
Lending institutions are subject to a wide range of regulations designed to ensure the safety and soundness of their operations, protect consumers from abusive lending practices, and maintain the stability of the financial system. One critical area of regulation for lending institutions is loan accounting reporting requirements. Navigating the regulatory …
Navigating the Regulatory Landscape of Loan Accounting Reporting Requirements Read More »
Lending institutions play a critical role in providing financial resources to individuals and businesses. However, the process of lending money is not without risks. The borrower’s ability to repay the loan is not always guaranteed, and the lender must take steps to manage credit risk effectively. One of the ways …
How Loan Accounting Reports Can Help Identify Credit Risk and Mitigate Losses Read More »
In the financial industry, loan accounting reports play a crucial role in managing loans and tracking borrowers’ payment histories. These reports provide lenders with valuable information about loan balances, payment schedules, interest rates, and other critical data points. Traditionally, loan accounting reports were manually generated, which could be time-consuming and …
Exploring the Role of Technology in Loan Accounting Reports Read More »
In today’s complex business environment, loan accounting reports are an essential tool for financial analysis and decision-making. These reports provide valuable information about a company’s lending portfolio, including loan balances, delinquency rates, interest income, and credit risk. However, simply generating these reports is not enough. To truly benefit from them, …
Effective Strategies for Generating Actionable Insights from Loan Accounting Reports Read More »
Securitization is a financial process that involves pooling together various financial assets, such as loans or mortgages, and transforming them into a security that can be sold to investors. This process allows financial institutions to manage their risk and raise capital, while also providing investors with access to a diversified …
Common Challenges Faced During Securitization Audits And How To Overcome Them Read More »
Securitization auditors are professionals who specialize in auditing securitization transactions. Their role is to review and evaluate the securitization process to ensure that it complies with applicable laws, regulations, and industry standards, and that the risks associated with the transaction are adequately identified and managed. The duties of securitization auditors …
Best Practices For Securitization Auditors To Ensure High-Quality Reports Read More »
In the world of finance, lending is an essential component of economic growth and development. Lending institutions provide funds to borrowers for various purposes, such as starting a business, purchasing a home, or financing education. However, lending also involves inherent risks, as borrowers may be unable to repay their loans …
Analyzing Loan Delinquencies and Charge-Offs in Loan Accounting Reports Read More »
It’s about time… Click here to read the complaint. FOR IMMEDIATE RELEASE April 30, 2018 CONTACT: Jordan Libowitz 202-408-5565 | jlibowitz@citizensforethics.org Washington—Mick Mulvaney, the director of the Office of Management and Budget (OMB) and acting director of the Consumer Financial Protection Bureau (CFPB), should be investigated for misleading the Senate …
Freddie Mac reported net income of $2.92 billion for the first quarter, an increase of $5.84 billion from a net loss of $2.92 billion in the fourth quarter and up $715 million from $2.21 billion in the first quarter of 2017. Comprehensive income for the quarter was $2.15 billion, increasing …
Freddie Mac rebounds with $2.92b net income in Q1 Read More »
When Dr. William Ngo was shopping for his first home two years ago, he ran into a problem: He got rejected for a mortgage because he had about $250,000 in student debt and little savings. So the surgeon applied for a loan specifically designed for doctors that came with a …
Banks are working to woo new doctors into home mortgages Read More »
New American Funding CEO Rick Arvielo has a reputation in the mortgage business as a technology pioneer – and he’s also a big proponent of the industry embracing the tech revolution. MPA: One of the things New American Funding is known for is its technology – and one of the …
Are you behind the curve in the tech revolution? Read More »
Wells Fargo is on the hook for $97 million after a Los Angeles federal judge found that the bank committed violations of California’s labor laws, according to a Bloomberg report. The San Francisco-based bank plans to appeal the ruling. The judge found that Wells Fargo’s California home mortgage consultants and …
Wells Fargo ordered to pay $97mn for Calif. labor law violations Read More »
An international banking giant will fork over nearly $5 billion to settle a federal probe into its sale of mortgage-backed securities during the run-up to the 2008 financial meltdown. Royal Bank of Scotland has agreed to pay $4.9 billion to settle Justice Department claims that it misled investors who bought …
Banking giant to fork over $4.9 billion to settle mortgage-bond probe Read More »
by Francis Monfort17 May 2018 President Donald Trump intends to nominate Michael Bright to be the president of the Government National Mortgage Association (Ginnie Mae) under the Department of Housing and Urban Development, the White House has announced. Bright is currently acting president of the company. He joined Ginnie Mae …
by Ryan Smith17 May 2018 One of the nation’s largest banks will be handing about 260 mortgage professionals their walking papers in July. U.S. Bank – the nation’s fifth-largest bank, with $462 billion in assets – will eliminate the jobs starting in July as it closes a mortgage and consumer …
Another week, another reason for Wells Fargo execs to reach for the antacid. In the latest in a series of scandals for the embattled bank, an internal investigation found that some Wells Fargo employees were altering documents about business customers – raising concerns about the effectiveness of the banks’ internal …
Wells Fargo investigation raises concerns about internal controls Read More »
by Francis Monfort22 May 2018 A $57 billion increases in mortgage balances drove the first-quarter increases in total household debt, according to the Quarterly Report on Household Debt and Credit released by the Federal Reserve Bank of New York. Household debt totaled $13.21 trillion in the first quarter, an increase …