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Securitization Audit

 


Securitization audit is a process which involves searching specific databases which indicate that a specific consumer loan has been securitized. This is the initial step. After this initial step and discovery phase, the securitization audit looks deeper into the securitization of the mortgage loan to ensure that the securitization of the mortgage loan was done lawfully and legally. This is due to the fact that the securitization of mortgages follow certain laws and regulations. If the mortgage loan has been securitized, the securitization itself should be in a legal and lawful way. A common error with securitization is the fact that the specific note and the specific deed of the property are in separate places. What this means for homeowners is that the foreclosure process itself may not be lawful and legal since the actual securitization of the mortgage loan has errors or may be illegal considering the specific case of the mortgage loan. This is why securitization audit is important to the mortgage loan audit itself. Adding a securitization audit to any other forensic audits or mortgage audits is a good way to add an extra layer of auditing, which also may help the homeowner if the case is ever brought to any formal or informal legal proceedings.


The actual signings of trust related documents also give way for further fraudulent acts committed by the lending banks, whether indirect or not. This is related to robo signings. A securitization audit should also investigate such areas as fraudulent signing of documents.


Furthermore, banks were converging the mortgage loans which were collateral loans using the home properties as collateral. These loans were being securitized and converted into packages of stocks and bonds and sold on the secondary market to potential investors.


In summary, securitization is the process of packaging pools(multiple loans) together and sold to investors. The process by which it was securitized by be fraudulent. The first initial steps to a securitization audit is to determine who is the note holder and trust related information. Other steps relating to securitization audit include locating and finding which mortgage pool or bundle the loan is located in, determining if the securitization was legal and more.

   

State governments, congress, the Securities and Exchange Commission, and Legality Shield are all investigating and demanding answers from the banks!  Homeowners everywhere are still being displaced through wrongful foreclosure – despite all the bank’s illegalities.  NO MORE!  The game is over, and Legality Shield is here to make sure the other side played fair.

 
                                                       

Mortgage Mitigation 

 

Legality Shield, A Professional Law Corporation, is committed to helping people find the best solution to reduce their monthly payment, mitigate their losses, and stay in their home. Are you worried because your mortgage payment is increasing and you will not be able to afford the new payment? Have you tried to refinance, but for whatever reason, you are unable to get your lender to help you? Do you owe more than your house is worth and cannot sell your home? Are you facing unexpected expenses like major medical costs, loss of job, or job change? If you are not yet late on your mortgage payments, this is the best time to start. It is beneficial to you and the lender to work out an alternative arrangement to your existing payment plan before you incur late charges, miss payments, receive notice of defaults, or other issues arise. The Legality Shield Mortgage Mitigation product could be just what you need! Let our team of experts audit your home loan, review your mortgage documentations, and evaluate your alternatives. Call today for a free consultation.