Cheyenne, WY (PressExposure) January 12, 2010 -- Auditing mortgage loan documents are now an avenue homeowners are exploring to give them a fighting chance against their lender/bank. A mortgage audit is a complete review of the loan documents typically referred to as loan docs and the checking to see if the loan docs have any violations relating to specific lending laws and regulations such as Tila, and Respa.
Tila and Respa are the federal lending laws which govern the lending of loans to homeowners. If a lender/bank have violated these laws then they are subject to legal action or recourse. Using mortgage audit software one can enter in the information from the loan docs into the software and uncover automatically the violations on the mortgage loan. Once the violations have been uncovered, the mortgage audit software will export a report with the violations uncovered outlined with each law violated quoted for reference. Using the software you can audit loans and uncover violations for your clients. mortgage audit software is a great way to audit loans and mortgage loans.