The following is a summary of a Foreclosure Defense “white paper” currently being presented by Amstar Litigation all over the country as part of an effort to improve the quality and the quantity of legal representation that is available to US homeowners that are in financial distress.

The Forensic Loan Audit

A. Mortgage loan law is terribly complicated

B. Reviewing your client’s loan documents and identifying all possible violations of Federal and state law is a daunting task

C. Auditing software is available that lenders use to monitor their own compliance efforts

D. Software requires extraction and inputting of large quantities of data from the loan documents

E. Can purchase the software and train someone in your office to perform the audits

F. For relatively small sums, can outsource this function to third party who is expert in the extraction and inputting of the necessary information and the preparation of the audit report. Outsourcing should insure that you are always using the latest software and that the process is being managed by experts

G. To do neither can result in a severe disservice to your client and possibly raise ethical concerns about the quality of your representation