Beverly Hills, CA (PRWEB) July 28, 2010
National Forensic Loan Audit Experts and Fidelity Commercial Capital, America's leading real estate finance experts, were recently featured in the Wall Street Journal showcasing the one big business idea given to business owners to help them thrive in our current economy. The experts featured are dedicated to spreading knowledge and awareness in their field of expertise and making significant contributions to their industry and the marketplace as a whole.
National Forensic Loan Audit Experts which is a Firm that specializes in residential, commercial, and hard money loan audit services has recently opened its doors to homeowners and consumers allowing the public to obtain these services directly from the source. NFLAE has been viewed as America's premier loan auditing firm to correspondent lending institutions, federal banking associations, law firms, wholesale lenders and direct lending institutions across the country. National Forensic Loan Audit Experts now wants to expand and concentrate their efforts on helping the general population more effectively obtain the mortgages they deserve to be in. This break-through company is led by a very effective and experienced management team that is sure to make a huge impact in an industry that is in desperate need of assistance.
National Forensic Loan Auditors is a national compliance management firm which provides professional, advisory, and consulting services to financial institutions, mortgage bankers, real estate attorneys, consumer lending entities, and homeowners. Our expertise addresses all critical areas associated with regulatory matters, compliance, and quality control. NFLAE can assist clients in meeting the oversight of regulators, fair lending mandates, and maintaining internal lending integrity and validation practices through independent quality control audits.
National Forensic Loan Auditors provides you with the evidence and support you can trust to help you seek better modification terms, restructuring of new terms, principal or rate reduction, or continued discovery. With the greatest potential to alleviate "normal modification" setbacks and re-occurrence of default, qualified and objective evidence helps simplify negotiations and stay using the information and support provided by National Forensic Loan Auditors.
A 2006, FDIC Office of Inspector General Report revealed:
83% of the institutions examined were cited for "significant" compliance violations
43% of those institutions were "repeat offenders"
85% of those repeat offenders were highly rated by the FDIC for their in-place compliance process
Our executive and management team consists of best-selling authors who are regularly sought out by the media to give expert opinions. Many have been featured on NBC, CBS, ABC and FOX affiliates as well as seen in USA Today, Newsweek, and the Wall Street Journal. Our management has a mission statement and passion for helping people and they are active in speaking with clients regularly.
Mr. McDevitt has a philosophy of "partnering" with his clients every step of the way from the initial meeting through the funding process to ensure a clear understanding of his client's financial goals and objectives. With his commitment to outstanding service, Mr. McDevitt personally manages each critical step of the financing process while constantly monitoring alternative strategies until the deal is fully approved, funded, modified, and completed. McDevitt will be participating with other selected celebrity experts across various industries in multiple initiatives over the course of the year and will be weighing in on key subjects to consumers and businesses alike.
Mr. McDevitt was interviewed about the current loan modification boom, and the perks it has to offer compared to traditional financing. "Very simply put - a loan modification is a renegotiation of the terms of your mortgage through your existing bank to modify the rate and terms of your mortgage, without the need to refinance, the only way to ensure you receive the best terms are to audit your loan documents and ensure the loan is enforceable," explained McDevitt.
"There are millions of responsible families out there that make their monthly payments, and they fulfill their obligations, but they've seen their property values fall and are unable to refinance at lower mortgage rates," remarked Mr. McDevitt. "These people are going to be in a tight situation unless they do something quickly – and that's where we come in to play, a forensic loan audit is necessary in order to ensure a loan modification or workout will take place. We have successfully reduced principle balances and rates that are so significant that you would not believe me until you actually saw the revised documents yourself," McDevitt continued.
National Forensic Loan Audit Experts are in the business of helping home owners that are trapped in their mortgages to continue living the American Dream of home ownership. We are dedicated to providing solutions to homeowners experiencing trouble with their mortgage. We negotiate with lenders to find solutions that will reduce monthly expenses and allow owners to keep their home. During the process we will keep you informed, engaged and moving toward an early resolution.
For more information about National Forensic Loan Auditors, please visit http://www.NFLAE.com.