2 Optional Audit Enhancements
When there are interim parties identified or hidden in a loan transaction, enhancements allow us to investigate them at the same time we are working on your case. These can be trusts, interim purchasers and sellers or securitizers and warehouse lenders that accumulate loans for sale in pools to others.
TNID "Trust Not Identified" undermines Portfolio Ownership Claims
In some cases the foreclosing party acts as if the loan they are foreclosing on is owned "in their portfolio". In other words, they are not disclosing that the loan was sold to a trust or otherwise securitized. In these cases we have to go to sworn federal filings and other undisputable evidence sources to make the case in a manner that the expert can testify on the witness stand or against opposing counsel deposition.
TNID and/or TID can identify transactional involvement by interim intervening undisclosed parties.
Some cases involve undisclosed interim parties whose exposed involvement can identify and undermine claims by the foreclosing party, in addition to the obvious ownership issues in the audit. For example: we find an interim securitizing party did not buy loans from this party as they claim, or the interim party securitized to others, further undermining claims of rights and authority and questioning chain of title.
TID "Trust Identified" undermines Private MBS Trust Ownership Claims
There are two general types of eIn some cases the trust that owns the loan is named in the foreclosure but the documentation upon which the Trust is based is not made available. The parties are not willing to provide or disclose the documentation that might otherwise be available to the public. In these cases we have to go to sworn "sister series", "shelf" filings, "published guidelines" and/or other undisputable evidence sources to make the case in a manner that the expert can testify on the witness stand or against opposing counsel deposition.
TID "Trust Identified" also Undermines Government Sponsored Enterprise (GSE) Ownership Claims
In some cases we find bald claims that Fannie Mae or Freddie Mac own a loan or we find that a loan claimed to be owned by others is owned by these entities. In these cases we have to go to the voluminous guidelines and scour them for areas of toxicity that undermine the claims we are investigating. Oftentimes in these cases multiple guideline and sources must be examined and pertinent areas extracted for the case.