Elite Loan Modification Presentation

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• REGULATORY FORENSIC REVIEW SOLUTIONS
• USING THE LOAN FORENSIC ATTORNEY TO IDENTIFY
  MORTGAGE REGULATORY VIOLATIONS

ELITE LOAN MODIFICATIONS 866-960-2007
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• About Loan Forensic Attorney
• Consumer Credit Regulatory Compliance
• Using the Loan Forensic Attorney to Identify
  Violations

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• About Loan Forensic Attorney

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• Loan Forensic Attorney is the leading provider of
  Forensic Loan Audit Solutions.
• Since 2004 LFA has performed countless
  compliance reviews for leading mortgage
  institutions.
• LFA provides automated reviews of loans for
  compliance with over 335 Federal, State, and
  local consumer protection laws related to
  mortgage lending.
• Compliance rules are maintained by in-house
  attorneys and approved by nationally recognized
  outside counsel.
• Electronic loan data is submitted to LFAs audit
  software and a response file with
  Pass/Fail/Warning results and analysis is
  returned in under 5 seconds.

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CONSUMER CREDIT REGULATORY COMPLIANCE
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• How Large is the market for Loan work outs?
• Leading lenders completed nearly 290,000 loan
  modifications in Q3 2008
• OCC/OTS reviewed combined servicing portfolios
  of institutions representing
  more than 60 of all mortgages outstanding.
• 16 increase over Q2 2008
• suggests an annualized run-rate of nearly 2.0
  million loan modifications per year
• 8.3 Million U.S mortgages or 20 of all
  mortgaged properties were in negative equity
  position
• There are an additional 2.2 million mortgages
  within 5 of being in a negative equity position
• Negative equity and near negative equity
  mortgages combined account for 10.5 million
  potential loan modifications.

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• How wide spread is the consumer protection
  regulatory risk?
• FDIC report reveals institutions do not comply
  with the most basic federal laws
• 83 of the institutions examined were sited for
  significant compliance violations
• 43 of those institutions were repeat offenders
• 85 of those repeat offenders were highly rated
  by the FDIC for their in-place compliance
  processes
• Subprime related cases filed exceeds the total
  handled by the RTC over the multi year SL period
• 43 are borrower class actions related to
  consumer protection laws
• Each of the top Subprime lenders for 2006 is
  named at least one borrower class action

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• Public data is consistent with the findings of
  our Borrowers, attorneys and loan modification
  clients

42 FAIL 39 PASS 19 WARNING
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• Identifying violations is critical to diligently
  representing troubled borrowers.
• Consumer protection violations subject lenders,
  investors and servicers to civil and criminal
  fines, penalties and damages
• In many instances, any holder in due course of a
  mortgage loan (assignees) can be liable for
  violations committed by the originating lender or
  broker
• Servicers can be liable for failing to respond to
  qualified borrower requests
• Borrower remedies can include
• Rescission
• Defense to foreclosure
• Refund of interest and/or fees
• Civil Damages
• TILA, RESPA and other Federal and state laws
  provide for recovery of attorneys fees

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• USING LFA TO IDENTIFY VIOLATIONS

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• LFA provides its clients two primary services
• Forensic Audit Review
• We provide you an expert Manual Forensic review
  of your loan documents
• Forensic Audit Report
• After our experts perform the manual review and
  have entered the information into our Patented
  Forensic Software, we provide you a fully written
  report of the findings

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• LFAs mortgage regulatory audit software includes
  the following features
• 335 Federal, state local mortgage related laws
  and regulations in under five (5) seconds
• Decisioning rules are maintained by in-house
  consumer attorneys audited by nationally
  recognized outside counsel
• Regular updates and enhancements per changes to
  law
• Accessible via web-based user interface or
  intergration into internal systems
• Powerful, flexible reporting veiwable in HTML and
  PDF formats

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• PLEASE CONTACT US FOR MORE INFORMATION
• 866-960-2007
• FORENSICS_at_ELITELOANMODIFICATIONS.COM