Certified Forensic Loan Auditors, LLC, “CFLA” the Nation’s largest Forensic Loan Auditor wholesaler and the licensee of the right to perform and offer the Nation’s exclusive Forensic Loan Auditor Certification Training (24 hr) Course, has officially released a statement through its corporate President, and with the support of its legal counsel, as a result of all of the miss-information circulating in this industry.
CFLA has an “A” rating with the Better Business Bureau and has continuously engaged in ethical business practice since being properly lawfully formed under the laws of the State of California as a Limited Liability Company in early 2009.
The recent California Attorney General, California DRE, State Bar of California, and FTC published press releases (in support of California Attorney General Jerry Brown) have made statements regarding this industry of “Forensic Loan Audits” that are far-reaching and overbroad, most notably the alerts to be aware of “Forensic Loan Audit Scams.” [see Press Release entitled “Attorney General Brown Warn’s Californian’s to be Aware of Forensic Loan Audit Scams.” ]
Although with positions that are materially different, CFLA shares much of the same sentiment with these Political groups, however, CFLA clarifies its position much more narrowed defined. CFLA supports the premise that these Politicians and Agencies are trying to protect the integrity of their profession, and protect the distressed homeowner population that is ever increasing. Unfortunately, it is the “Bad Apple that is spoiling the batch.” The sad reality is that many of the former Pre SB94 Loan Modification Shops have been using the Forensic Loan Audit as a front to continue to steal homeowner’s upfront fees for purposes of a loan modification or home rescue scam. This impropriety has given our industry a “black eye” and consequently has made it necessary for the Jerry Brown[s] of the world to step out and try to warn the public against these scams. We commend Jerry Brown for this effort to prevent homeowners from continuing to be prey to these “foreclosure rescue scams” [i.e. the Loan Modification]. CFLA and its officers and directors could not agree more!
CFLA “The Industry’s Leading Experts” would like to issue its own warning in support of this position-
Homeowners/Borrowers should not be contracting directly with Forensic Loan Audit companies and paying any fee [upfront or otherwise].
Borrowers please be advised- A forensic loan audit will not save your home!
Forensic Loan Audits are intended for Attorneys and the information contained therein is far too complicated for the average person to understand.
The Forensic Loan Audit is an ends to a means, not a means to an end... It is useless without proper legal representation!
However, many very successful Attorneys are utilizing the Forensic Loan Audit as a "key tool" to gain leverage in negotiating settlements with lenders on behalf of their clients.
Forensic Loan Audits are actually a cutting edge product, utilized by successful Attorneys in Foreclosure Prevention, Foreclosure Litigation, and the Short Sale Process.
A remarkable report published by the FDIC Office of the Inspector General reveals that during 2005 (which was the peak year of the mortgage boom measured by number of loans originated), 83% of federally supervised banks that made loans were cited for patterns of "significant compliance violations."
In practice, our team of more than 100 full-time Certified Forensic Loan Auditors find violations on nearly every loan that they audit.
Now ask yourself this question- Do you feel you would be better off negotiating with the lender on behalf of your client with (1) patterns of “significant compliance violations” on the loan including damages claims, attorney’s fees, and possible claims of rescission, or (2) negotiating with the lender with the sole grounds that “I have a broke client”?
This is a no brainer. We would like to invite anyone who challenges these facts to come out and attend our highly acclaimed " Forensic Loan Auditor Certification Training Class” and get informed on the subject matter from the industry’s leading experts.
CFLA has a list of clients that join in support of the release that include some of the most reputable Attorneys (too numerous to list) in California, Illinois, Hawaii, Florida, Massachusetts, New Jersey, Texas, and many other States.
We hope you will explore the facts “On their face” and fight back!
We are the Nation's Premier Experts in Forensic Loan Auditing
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And Bank Fraud
