Lender Loan Audit - Frequently Asked Questions (FAQs)

Q: Why should you use Ameritrust Solutions to conduct a loan audit of your current lender?
A:  An audit levels the playing field for you and your family against the bank's team of lawyers and administrative personnel.  With the audit results you or your attorney can negotiate with the lender from a postion of strength.

Q: When a lender audit is performed what are you looking for?
A:  Our auditors look for various legal violations common in the mortgage lending process.  These include fraud, predatory lending, RESPA, Truth-In-Lending (TIL) and other state and federal disclosure violations.  They also look for practices and procedures that are violations of state guidelines.

Q: How helpful will an audit be versus going it alone?
A:  Often times the presence of violations coupled with the possibility of being taken to court will hasten the lender to facilitate an equitable solution to your situation.

Q: What guarantee do I have that an audit will uncover violations?
A: Most adjustable rate mortgages (ARMs) contain RESPA and Truth-In-Lending (TIL) violations that are the most serious in terms of possible consequences for the Lender if brought to court. In the unlikely event that we do not find these or other types of actionable violations then we will gladly reimburse $150.00 of our initial fee.

Q: How much is this service going to cost me?
A: When you factor in the hundreds of thousands of dollars you could lose by not effectively defending your property rights, the cost benefit analysis of our auditing services is easy to calculate.  For well less than a thousand dollars we have one of the most competitively priced loan auditing packages in the industry, which will allow you or your attorney to effectively defend your interests.

Q: Professional real estate lawyers order loan audits from us to defend their clients, why shouldn't you use the same tools to defend yourself?
A: Many law firms are new to the loan audit process and outsource this work to firms such as ours. Now you have access to the same information without paying their typical markup and this information will prove invaluable should to decide to retain an attorney down the road.