American Mortgage Auditing Poised to Clean Up The Mortgage Industry

It is no secret that American Homeowners years claimed between 8 and 10 million dollars each because of mortgage lender mistakes. Studies by the Resolution Trust Corporation and the General Accounting Office revealed error rates of 20% to 80% depending on the type of mortgage and lender that has been used. Now Boston-based American Mortgage Auditing (www.AMAuditing.com) is the objective to benefit from the plague of errors that infects the mortgage to American Mortgage Auditing industry.According CEO Tim Bourgeois, millions of homeowners have been made in their mortgages and are on a mission to find the errors and help people refunds owed to them. While not a new problem, most homeowners were willing to spend $ 149 to $ 249 that most companies charge an audit of the mortgage, because each note does not contain errors . Until now, there was a risk to owners: you paid for an audit without the guarantee of a refund, "said Bourgeois. What we do is to audit a policy of mortgage price risk. If it finds an error and get a refund, you pay for the audit. To ensure successful operations, American Mortgage Auditing need the ability to target mortgages that were at high risk of containing errors. Through its website, American Mortgage Auditing LoanStream launched an online software tool that analyzes loans for levels of risk of error and other opportunities to save money on mortgages. LoanStream is freely available on the website of the company, www.AMAuditing.com. After the owners to complete a brief questionnaire, the system quickly analyzes the inputs and communicating the risks of errors and suggests alternatives Mortgage money saving opportunities. Mr. Bourgeois is satisfied with the initial results of operations: It looks like one of our most popular products are the Equity Plan, an automated payment plan every two weeks reduced interest costs for homeowners. LoanStream when analysis shows that significant savings can be made using the Equity Plan, our system communicates exactly how much you can save homeowners and how we do it. In a typical mortgage $ 100,000 in 30 years to 8.5%, for example, American Mortgage Auditing a homeowner can save $ 61,027 and rubs 8 years off the term of your mortgage the equity of 'Plan.According Mr. Bourgeois Since our launch in May 2002 LoanStream proved to be an exceptional tool for the production of lead. The property system allows us to provide excellent service at a lower cost to customers and save time for everyone, because customers know in advance if we can help you and how we can help them.About U.S. mortgage AuditingLocated in Boston, Massachusetts, American Mortgage Auditing is a leading provider of mortgage solutions and savings. The firm is dedicated to helping homeowners save money, build equity and reduce debt without refinancing. LoanStream using its proprietary software, American Mortgage Auditing Analysis loans and immediately identifies strategies to help homeowners save thousands of dollars, years of cutting off your loan, and gain restitution when errors occur lender. The company can www.AMAuditing.com online or call toll free 1-877-578-0231.