Service to analyze mortgage contracts before (or after) signing.
The following is a service to look for mortgage fraud after the fact.
OUR SERVICES
Exposing Fraud and Damages in Home Mortgage Loans
It is true that most consumers are unfamiliar with the procedures, requirements and complexities that entail a home mortgage loan application, such as: calculation of interest; right to recession; appraisal fee, loan origination fee, was your yield spread premium disclosed (“YSP”); illegal kickbacks, federal disclosure requirements, discount points, switching rates between initial disclosure and closing, mortgage fraud by lenders and brokers; prepayment penalties; total interest (%); adjustable rate mortgage fraud (“ARM”); bank fraud; flipping, the list is endless. To assist you, below are some examples of predatory lending practices.
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200904
Home-Account has raised $1M in seed funding from Charles River plus some angels - Marc Benioff, Ron Conway, Mark Pincus, Jeff Clavier, Arjun Gupta, and Gigi Brisson.
The service charges $10 a month to help users to get a good mortgage. Our first question was - how is this different from Lending Tree? The key is that the client is the consumer whereas Lending Tree is really a lead gen source for the mortgage companies. For a while LendingTree had a great business model but as the mortgage biz has cratered so has LendingTree.
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Sunday, February 24, 2008
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