Securitization is generally the bundling of financial assets holding similar properties for sale to investors and securities. Examples of financial assets used in securitization are claims, such as mortgage payments; Credit cards; equipment lease agreements; and car loans. However, other asset classes can be used to raise capital for institutions gradually, and the market has gradually expanded into new areas, such as microloans, also known as microloans.
An important incentive for securitization is that it can be a cheaper way of raising capital. Consequently, if securitization costs more than borrowing directly from banks or other financiers, it may be useful to reconsider the rationale for securitization. The core of securitization is the isolation of the cash flow from the credit risk of the originator of the financial assets. Thus, security buyers look at the performance of financial assets and not, at least in theory, the creditworthiness of the originators of the assets being securitized. Since the repayment can be actuarially calculated if comprehensive data on the credit performance of the property is available, financing costs can be reduced. Property-insured securities are generally valued at AAA; very few companies or institutions can raise capital using this credit rating. Investors in microfinance securities are likely to seek a paper class in an investment class and increased lending may be required.
Mortgage securitization is the process of consolidating all mortgages into one portfolio, then the mortgages are divided into smaller units with risk aversions. Small units are packaged and sold to other investors as bonds.
Real estate mortgage auditors monitor the mortgage process from the closing of the property to the scheduled foreclosure date. Auditors perform audits to determine if a mortgage has been indexed and is no longer owned by the foreclosing entity.
The auditor is asked to review all asset records that are available as public records and then follow the title lists for any action that does not follow the guidelines set for the group. These guidelines are set out in the Pool and Services Agreement (PSA).
The job of a real estate mortgage auditor involves more than just looking at the financial statements. They also conduct research, provide evidence, and write reports on the results. They are aware of the legitimacy of obtaining a mortgage and can therefore prove any fraud in court.
If any illegality or discrepancy is found, the intervener informs the plaintiff to pursue the case in court, since the legal rights of the plaintiff concerning the execution of the property are recognized.
The auditor conducts a thorough investigation of the property and prepares a detailed report that can be used in court. The report will contain all the indications of the fraudulent actions that may have been carried out and that will make it possible to demonstrate the illegitimacy of the mortgage loan based on the specific cases detected.
A statutory auditor may take the following steps to make a securitization audit report
Information on the privileges imposed on the property with the consent or at the request of the property owner. Current and historical information about the status of financial interest secured on a property, including property transfers, trustee sales records, mortgages, releases, assignments, and foreclosure notices.
Certified Forensic Loan Auditor was a loan and legal services audit firm. They were primarily in the foreclosure industry. They’ve done loan audits, mortgage audits, securitization loan audit reports, securitization audits with Bloomberg screenshots, and more. They were in operation for many years. They have worked with landlords, law firms, and other companies.
If you are browsing your website now, your main website has been removed from the active web status. They had a lot of Google pages and subpages. Now they’re gone.
Certified forensic loan auditors were essentially shut down by the CFPB. The CFPB has closed its operations and is no longer active.
Certified Forensic Loan Auditor does not offer mortgage audit services, loan securitization audits, Bloomberg research, etc.
The CFPB has prohibited them from operating in the sector and therefore can no longer offer these services. This was basically a CFPB vs. Certified Forensic Loan Auditor, LLC successful case.
The CFPB started an investigation against them some time ago and was finally able to shut down Certified Forensic Loan Auditor, LLC and banned them from operating in the foreclosure industry.
You can read a detailed description of the CFPB v. Forensic Loan Auditor in the link at the end of this article. Case details can be viewed online and downloaded.
If you are looking for a quality securities audit from some reputable and trusted companies, try the link at the bottom of this article.
In short, Certified Forensic Loan Auditors, LLC is no longer an active company, CFPB’s operations have ceased. They can no longer work in the industry. If you are looking for a securitization audit report that includes Bloomberg screenshots.
Once the auditor has completed the audit process, he or she should prepare a detailed report outlining the results of the audit. This report will then be used to identify weaknesses in the management of the securitization process. The report also includes suggested solutions to possible issues that may be identified during the audit.
Securities audit reports must include the following;
The securities review report is comprehensive because the evidence gathered during the investigation was verified by collecting data on files containing real-time market information.
For information on foreclosure defense call us at (877) 399 2995. We offer litigation document review support, mortgage audit reports, securitization audit reports, affidavit of expert witness notarized, and more.