Forensic Loan Audit Keeping thing simple

Our Commitment! ……………………………………………………………… We are committed to doing the best forensic loanaudits. This information is invaluable to homeowners currently facing mortgage issues and those that have been victims of predatory lending. Knowing the facts and solutions is the homeowners first step in identifying affordable and safe solutions to keep families in their homes, with payments they can Afford. 1) What is a Forensic Loan Audit? 2) What is predatory lending? 3) How do YOU get a FORENSIC LOAN AUDIT? What You Will Learn 01

What is Forensic Audit? ……………………………………………………………… A process which determines whether or not there were any violations on your original loan Common Violations: – RESPA (Real Estate Settlement & Procedures Act) – TILA (Truth In Lending Act) – Individual State Violations What is predatory lending? Have you been a victim of Predatory Lending? 02 Predatory lending can be broken down to three categories – Mortgage Origination – Mortgage Servicing – Mortgage Collection and Foreclosure It is unfair, deceptive or fraudulent practices during the loan process.

Charging fees not allowed or for services not delivered Charging more than once for the same service Providing a low teaser rate that adjusts to a rate you cannot afford Successively refinancing your loan or “flipping” Steering you into a loan that is more profitable to the mortgage originator Changing the loan terms at closing or “bait and switch” Closing in a location where you cannot adequately review the documents Serving alcohol prior to closing Coaching you to put minimum income or assets on your loan so that you will qualify for a certain amount Predatory Lending Practices in Mortgage Origination Excessive Points 03

Predatory Lending Practices in Mortgage Origination Excessive Points Securing an inflated appraisal Receiving a kickback in money or favors from a particular escrow, title, appraiser, or other service provider Promising they will refinance your mortgage before your payment resets to a higher amount Having you sign blank documents Forging documents and signature Changing documents after you have signed them Loans with prepayment penalties or balloon payments 04

Not applying payments on time Applying payments to “Suspense” “Jamming” illegal or improper fees Creating an escrow or impounds account not allowed by the documents Force placing insurance when you have adequate coverage Improperly reporting negative credit history Failing to provide you a detailed loan history Refusing to return your calls or letters Mortgage Collection & Foreclosure is the process lenders use when you pay off your loan or when your house is repossessed for non ‐ payment. Predatory Lending Practicesin Mortgage Servicing 05

Producing a payoff statement that includes improper charges & fees Foreclosing in the name of an entity that is not the true owner of the mortgage Failing to provide Default Loan Servicing required by all Fannie Mae mortgages Failing to follow due process in foreclosure Fraud on the court Failing to provide copies of all documents and assignments Refusing to adequately communicate with you Predatory Lending in Collection & Foreclosure 06

Provide all the documentation needed! 1) All forms filled out and signed: Authorization (signed & dated), Financial Worksheet (fully completed) 2) Most recent 1 month of pay stubs 3) Most recent 1 month of Bank Statement (all pages ) 4) Most recent statements supporting assets listed on pg 2 of Barrowers Asst. Form 5) Most recent tax return. 6) 4506-T 7) Proof of income for other household members living in the home (alimony, child support, pension etc.) 8) Proof of occupancy- recent utility bill in your name at the property address. FORENSIC LOAN AUDIT 07

9) If loan is non-escrow (taxes and ins not included) proof of payment of most recent taxes proof of payment of homeowner’s ins. proof of payment of HOA fees NON-OWNER OCCUPIED- rental income w/ copies of rental agreement PITI & Mortgage Holder(s) for Prime Residence Primary Residence Address * Additional documents may be required. FORENSIC LOAN AUDIT (con) 08

Please provide the following: 1)Completed document checklist form 2)P & L Statement/ Audited or reviewed YTD Income statement 3)Most Recent last 2 yrs of Tax Returns or 1099’s 4)Last 4 months of complete business and personal Bank Statements 5)Most recent statements supporting assets listed on pg 2 of the Borrower’s Assistance Form 6)Length of time of Business Ownership 7)Proof of income for other household members living in the home (alimony, child support, pension, etc.) if you want such income considered for a loan workout. 8)Proof of occupancy- recent utility bill in your name at the property. For Self Employed 09

Please provide all the required documents and let us do the rest. Find out where you stand and if you have been a victim of predatory lending! Get a FORENSIC AUDIT done. REMEMBER… We work as your back office. The client would always think that we are your Forensic Loan Audit Department. We collect the client's documents / information (on yourbehalf) required to conduct the Audit. We conduct the Audits using the best software with real time connectivity to government websites. We provide you with customized (if need be) Audit reports as per your requirement. We deliver you the Audit report which just needs to be acknowledged by your seal and sent to the client. Recap on Things we do…. ………………………………………………………………

Contact Us Please contact us to discuss the pricing …. Rhombus Technologies Inc , 259th St., Floral Park, New York, Contact Person: Rekha Singh (Rebecca) Tel: Fax: Url:

Rhombus Technologies Pvt.Ltd. 601,Dhanthak Plaza,Makwana Road,Marol.Andheri(East),Mumbai 59 | T: | F: _ St Floral Park NY | T: | F: z Keeping thing simple