Certified Forensic Loan Auditors, LLC Issues its Corporate Statement of Compliance With AB 2325

CFLA is proud to announce that the recent legislation AB 2325 codified at CC Section 2945.1 takes effect January 1, 2011 and restricts "homeowner targeting" Forensic Loan Audit Companies from operating in California!!
 
Jan. 3, 2011 - PRLog -- Certified Forensic Loan Auditors, LLC, “CFLA” the Nation’s largest Forensic Loan Auditor wholesaler and the originator of (1) the Nation’s Only Forensic Loan Auditor Certification Training (32 hr) Course , and (2) The Mortgage Securitization Auditor Training Class (24hrs) has released a statement through its corporate President, and with the support of its legal counsel, in support of the California recent legislation AB 2325 codified at Cal. Civil Code Section 2945.1 [and referenced at link below]

http://www.aroundthecapitol.com/billtrack/text.html?bvid=20090AB232595CHP


Existing law defines a foreclosure consultant as any person who makes any solicitation, representation, or offer to any homeowner to perform for compensation or who, for compensation, performs specified services relating to foreclosure sales, including performing debt, budget, or financial counseling of any type and giving any advice, explanation, or instruction to an owner of a residence in foreclosure which in any manner relates to the cure of a default in or reinstatement of an obligation secured by a lien on the residence. Existing law requires a person to register with, and obtain a certificate from, the Department of Justice to provide foreclosure consultant services.

Existing law establishes various prohibited acts applicable to foreclosure consultants, including prohibiting a foreclosure consultant from claiming, demanding, charging, collecting, or receiving any compensation before fully performing the services which the foreclosure consultant was contracted to perform. Existing law makes it a crime to perform foreclosure consultant services without being registered with the department or to violate the prohibited acts applicable to foreclosure consultants.

CFLA has an “A” rating with the Better Business Bureau and has continuously engaged in ethical business practice since being properly lawfully formed under the laws of the State of California as a Limited Liability Company in early 2009.

http://www.la.bbb.org/Business-Report/Certified-Forensic-...


CFLA maintains its compliance oriented business model which has remained in existence since 2007 by working exclusively for Attorneys and never direct with homeowners.  

* Homeowners/Borrowers should not be contracting directly with Forensic Loan Audit companies and paying any fee [upfront or otherwise].

* Borrowers please be advised- A forensic loan audit will not save your home!

* Forensic Loan Audits are intended for Attorneys and the information contained therein is far too complicated for the average person to understand.
* The Forensic Loan Audit is an ends to a means, not a means to an end... It is useless without proper legal representation!

http://www.certifiedforensicloanauditors.com/


However, many very successful Attorneys are utilizing the Forensic Loan Audit as a "key tool" to gain leverage in negotiating settlements with lenders on behalf of their clients.

Forensic Loan Audits are actually a cutting edge product, utilized by successful Attorneys in Foreclosure Prevention, Foreclosure Litigation, and the Short Sale Process.
* A remarkable report published by the FDIC Office of the Inspector General reveals that during 2005 (which was the peak year of the mortgage boom measured by number of loans originated), 83% of federally supervised banks that made loans were cited for patterns of "significant compliance violations."

In practice, our team of more than 100 full-time Certified Forensic Loan Auditors find violations on nearly every loan that they audit.

NATION’S ONLY FORENSIC LOAN AUDITOR CERTIFICATION TRAINING CLASS!!
We would also like to invite Legal & Mortgage Professionals to come out and attend our highly acclaimed “CFLA Forensic Loan Auditor Certification Training Class” and get informed on the subject matter from the industry’s leading experts.

Appearing in San Diego, CA [January 20-23rd, 2011]

Appearing in San Diego, CA [February 17th-20th, 2011]

http://www.certifiedforensicloanauditors.com/5.0_forensic...


NATION’S ONLY MORTGAGE SECURITIZATION AUDITOR TRAINING CLASS!!!

We would also like to invite Legal & Mortgage Professionals to come out and attend our highly acclaimed  “Mortgage Securitization Auditor Training Class” and get informed on the subject matter from the industry’s leading experts.
Appearing in San Diego, CA [January 21st-23rd, 2011]

Appearing in Washington DC [February 4th-6th,  2011]


http://www.certifiedforensicloanauditors.com/mortgage_securitization_auditor_certification_training_program.html



CFLA has a list of clients that join in support of the release that include some of the most reputable Attorneys (too numerous to list) in all 50 States…

We are the Nation's Premier Experts in
Forensic Loan Auditing, Foreclosure Defense, Mortgage Litigation, Mortgage Securitization

Join us in the fight against Predatory Lending and Bank Fraud!!!

Speak to one of our professionals Contact Us: (310) 432-6304
Join us in the fight against Predatory Lending and Bank Fraud!!!

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Certified Forensic Loan Auditors, LLC, is the nation's premier forensic loan
auditing and mortgage/litigation support company. CFLA also offers the Nation's Only Forensic Loan Auditor Certification and introduced the Mortgage Securitization training
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Tags:Forensic Loan Audit, Foreclsoure Consultant, Mortgage Litigation, Ab 2325, Cc 2945.1
Location:Los Angeles - California - United States
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