About us
Loan Compliance Investigation Division is Committed To The Protection Of Your Rights. Together we will present a credible threat of success in defeating collection or even enforcement of the note, mortgage or obligation. Which will place us at the top of the negotiations platform, and give us the power to set our own terms for settlement or re-structuring the “loan” (if there is one, legally speaking) and even to collect damages for the false statements they made about underwriting, appraisal, and viability of the transaction — and to avoid silly modification schemes that simply put you back into default 6 months later after waiving all the defenses you had.
Forensic and Due Diligence Compliance Review Audits
Our Review Audit Process will determine if Mortgage Lenders (State + Federally chartered) have acted in Compliance with RESPA, Local, State and Federal Regulatory Lending Guidelines.
Loan Compliance Investigation Division (LCID), an affiliate of Velez Legal Network (VLN). (LCID) is an organization that specializes in “Loan Securitization Search Reports and Forensic and Due Diligence Compliance Review Audits”
Our experts have also review, documented and validated Homeowner Customer Complaint(s) filed against certain Lenders. These complaints were sent to Local, State and Federal Regulatory Agencies.
The Real Estate Settlement Procedures Act (RESPA) is a consumer protection statute, first passed in 1974; RESPA requires that borrowers receive certain disclosures, spelling out the costs associated with the settlement. Other Disclosures outline lender servicing and escrow account practices and describe business relationships between Lenders and settlement service providers.
Loan Securitization Search Reports
Our job is to research the Corporate / Trust Documents [law of the case] files with the Securities and Exchange Commission, in reference to your loan. Almost every Mortgage loan investigated which was produced by a major Banking Institution between the years 2000 – 2008 was securitized. Securitization is the act of producing an investment vehicle of Mortgage-Backed Securities (“MBS”) using the Borrower’s Mortgage NOTE as the under-lying corpus, as collateral.
Loan securitization search is not a trivial search, it’s a series of searches structured to isolate the loan inside the securitized loan pool. As a precursor to securitization search, Loan Specific Title Search is performed to identify the loan level specific characteristics to aid in loan search inside the securitized trust as well as exact dates of the loan status, such as foreclosure, bankruptcy, modification and REO.
All of the dates mentioned are tracked by services of the pool for reporting to investor and are used as a search technique for loan isolation. As a second dtage of the search, we match the loan characteristics from the Public date(Title Search) to a database of public deals by matching the loan level characteristics inside the pool to publicly recorded data available through Title Search for exact match. Loans characteristics inside the pool are not borrower names, lender names nor addresses of the property. The loan characteristics are maturity and origination dates, securitized amount, loan status and delinquency status,GEO-location, interest rate, etc… We have an ability to identify the agency and government deals, securitized by Fannie Mae, Freddie Mac or Ginnie Mae
After the securitized loan search is completed, the pool level documentation is retrieved for public deals in particular the prospectus, pooling and servicing agreement, underwriter agreement, swap agreement, master agreement, Loan Assumption and Assignment agreement, if any or all available as well as the servicer or trustee monthly statement on the pool performance with some particulars of the non-performing assets, Or a sample of above documents for government/agency deals.
Mortgage / Note
What Category Do You Fall Under
- Current: Note Payment is over 50% of your monthly income
- In Default: You are 30 + days late
- You have received a default notice form the pretender lender.
- Your Note has been Accelerated and is posted for Foreclosure.
- You been Foreclosed and are waiting for the Eviction Notice
- You have been Evicted and want to confirm rather or not theLender /Servicer was actually the holder or holder in due course of your Note and had any rights to take your Home.
