Fraud And Forensics- Two New F-Bombs And What They Mean To You
Preface: If you are embarking on a career in public accounting it is imperative to stay current with the latest accounting pronouncements. This is something that you will hear me say again and again. The importance of this cannot be understated. The industry is changing at a pace never before seen. In these pages I will summarize mission-critical accounting developments in hopes of presenting them in a manner that is effective for the new accounting elite.
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Difference Between Forensic Loan Audit and Loan Modification
Of the 2 million or more mortgages that were funded during 2000-2007, many of these loans were financed illegally. During that period, bankers, lenders, mortgage brokers, appraisers and other industry stakeholders both enjoyed very successful. Many of these people have done their job responsibility, while others held office illegally. The prosecution will continue as these predatory lending offenders have been brought to justice.
Forensic Loan Audit – Loan modification Software
Forensic Loan Audits are fast becoming the next trend in the loan modification arena. Forensic Loan Auditing is a comprehensive and detailed way to uncover violations of various state and federal laws which can be spotted within clients loan package they received from the lender. Once trained, a professional can go through a complete loan file and locate particular violations and errors which constitute legal issues building a case for your borrower.
