A Loan Auditor Can Help Prevent a Conflict of Interest
One of the things that you are going to find when you are working with clients who are at risk for losing their homes is that the way in which loan modifications take place often isn’t in the best interest of your clients. In most cases, you’ll find that this is because the only loan auditor who look at the loan is a loan auditor who works for the lender.
However, if you approach the loan modification process for each of your clients after working with an independent loan auditor - someone who can go through each client’s mortgage, one line at a time, to show where there are violations on the part of the lender - you are going to find that there is no conflict of interest. By working with someone who doesn’t work for the mortgage company and who is not a member of the team at your office (someone whose experience is in mortgages and mortgage law), you will find that you are in a great position to work out a deal that suits your clients’ needs - and keeps them in their homes.
If the only auditor who looks at a given mortgage is working for the bank, how are you going to be able to focus on getting the best deal for your clients? Likewise, if a loan auditor uncovers something that is a violation now but wasn’t when the loan originated, it’s not going to help. In order to make sure that everyone has the same information, working with an independent loan auditor is key.
