Certified Forensic Loan Auditors CFLA False Securitization Reports - they're just a report mill Los Angeles, San Diego, Orlando, Nationwide, Nationwide
I have a mortgage background and am no dummy, but I still lost $1000 to a Securitization Audit that a 3rd party company ordered from Certified Forensic Loan Auditors aka CFLA? I probably would have never known that their report was useless if a friend of a friend didnt happen to look at it. He explained some interesting things to me about CFLA so I wanted to make sure that people know what theyre getting from a CFLA or any of their affiliates for that matter. I did a lot of my own research and found everything he described to be true. So as you can imagine, Im a little ticked off.
1. CFLA offers a 2 days Certified Training Course. Certified by who exactly? It turns out, they certified themselves. There is no legislative body that licenses or certifies any person or company involved in securitization audits. CFLA also claim to be the only certified securitization auditor training course. Again, congrats on giving yourself a bogus certificate but it obviously means nothing if the data if my report is worthless.
2. If you search for it, youll easily find that they advertise their 2 day training courses all over the country. People with absolutely no experience in securitization attend these classes and after 2 days of training, theyre also Certified Securitization Auditors. Let me repeat: people with 2 days of experience are starting their own businesses and selling these reports as experts.
3.Dont take my word for it. Go to the CFLA website (http://www.certifiedforensicloanauditors.com/) and see a sample of their Securitization Report. Then, search the internet for securitization audit samples or securitization report samples - you will be amazed at how many reports look exactly like the CFLA report. In other words, that company took the 2 day certified class and immediately began to sell reports using the template that CFLA gave them. Sure, some of the fancy colors may have changed but cmon, Im not blind. When I saw a ton of variations of my report online, It made me feel like theyre just a report mill, trying to sell as many as they can while content isnt all that important. Isnt that how I got screwed by the banks in the first place?
4.The most important information in a securitization report is the identification of the Trust that supposedly bought your loan. Read the CFLA disclaimer on the last page carefully they GUESS the name of the Trust and claim no responsibility if the guess is wrong. CFLA calls their choice of the Trust an expert opinion but this is a matter of fact, not opinion. You should be given proof that the loan was sold.
5. How did I verify this for myself? I paid another company $700 to redo my report. The new report proved that CFLAs expert opinion was completely wrong I was given a long list of the mortgages owned by the newly named Trust and mine was highlighted clearly on the list. I asked the guy who I bought the CFLA report from if he was given that list of mortgages owned by the Trust? He told me that CFLA can offer that same service but only with their most expensive report. If I paid $1000 and didnt get that information, how much more would I have had to pay to get the actual facts? I dont even understand why you would offer a cheaper report that has someones crazy guess when you clearly have a way to verify the facts and provide proof? I might have even paid for it. $1500 for a report that helps me is still better than $1000 for a piece of crap. Mind you, I paid $700 to the other company and got exactly what I needed.
You get the point. I dont want to waste my day typing or yours reading my post. BUT - I would avoid any company that claims to be Certified Securitization Auditors. And ask to make sure that your report will have proof of your loan in the Trust. You should get a list like I did and you should be able to easily identify your loan. Also, ask for a sample of their report and if it looks like the sample on CFLA, Id be worried.
Like I said, dont take my word for it, do your own digging. Just remember, if it looks like a duck and quacks like a duck
2 Updates & Rebuttals
Greg H.
United States of AmericaGREAT REBUTTAL
#3Author of original report
Wed, November 16, 2011
Is this company a joke? I called your company a "report mill" because all of your emphasis is on marketing your precious seminars - you churn out "graduates" that use your templates for a report but have no idea how to write a report. And your rebuttal was the same cookie cutter response that you posted in each of your other rip-off report claims against you!? .. claiming that I'm some competitor? Did you even read my criticism? Your reports are all the same and now your responses are all the same too. Wow.
BE CAREFUL WHO YOU ORDER YOUR REPORTS FROM. The information is good if it's accurate. Certified Forensic Loan Auditors and their "graduates" offer information that is often inaccurate and unreliable. Maybe some of their "grads" are smarter than others and you'll luck out. But if it was my money again, I wouldn't chance it. Just be careful out there.
Ms. Robinson
United States of AmericaCompetitor Trying to Damage CFLA Excellent Reputation
#3UPDATE Employee
Mon, November 07, 2011
CFLA is Nationally recognized as the "Industry Leading Experts," and has an excellent reputation in the industry, see A rating with the BBB. Clearly CFLA is looking forward and not back at the "Copy Cats" and/or "Industry Competitors" that are trying hard to compete with CFLA.
Person making this report has remained anonymous because they are not really a client of CFLA.
Reasons why no other company can compete meaningfully with CFLA:
(1) CFLA has trained and Certified more than 500 executive professionals
(2) CFLA employs more than 150 Independent Contractors nationwide
(3) CFLA utilizes "proprietary" software programs that search and find loan data un like that which would be available on the marketplace.
(4) CFLA employees and staff are the most highly competent, well educated, and well respected professionals in the industry
(5) All of the Industries leading experts are employed by CFLA, if you think you are one of the industry leaders call us today and you have a job!
(6) CFLA's price points on files are far lower than would be possible for a small outfit given the high prices for the software and labor required.
(7) CFLA produces more than 1,000 reports per month.
Here are some recent testimonials of MSA Class Graduates: "There is nothing else that can level the playing field." Cyndee (Class on 10/21) ________________________________________ "All the presenters are very passionate about what they do. The goal of equipping others to extend a helping hand to their own communities was more than admirable. What an awesome group!" Regina E. M(Class on 10/21) "I recommend it very much." Marco (Class on 10/21) "Everyone in life has a mission and a purpose. Its a matter of actually finding out what your purpose is. This class was the missing piece of the puzzle for me. I can now do what so many have attempted and failed. Help every and anyone who has the motivation to help themselves to be not only successful in my own mission, but also be able to help others accomplish theirs." Cecelia M (Class on 10/21) "Fab learning experience. Well worth the training." Pamela S (Class on 10/21) "This course covers the current mortgage crisis fairly and provides a practical approach to assisting clients in challenging the standing of pretender lenders to foreclose." Les H (Class on 10/21) "This class is a need for anyone who is serious about helping attorneys in foreclosure defense." Jesse S(Class on 10/21) "Art and Liz are excellent instructors. They have patience, knowledge, wit and they are funny!!! Keep you engaged! I am so happy ther were the trainers." Antoinette C (Private Class on 10/29) "Excellent Course, you will be trained to execute a detailed SAR!" Anthony G(Private Class on 10/29) Excellent Information that I wish more borrowers with troubled loans had. I am looking forward to helping homeowners and attorneys understand their circumstances and educate them about potential actions to help them. Marie S (Class on 09/23) This course was extremely beneficial and informative. Both Art & Liz were instrumental in furthering my understanding of Securitization and performing the audits effectively. Additionally, Attorney Stone was the icing on the cake in that being a profession (tenured) that shared his professional expertise and validation of CFLA audits of Securitization of Mortgage loans. Having attended the training, all doubts, concerns, and inquires have been resolved. Brent R (Class on 09/23) Very useful knowledge to help homeowners discover new options. Fuqual B (Class on 09/23) This course gives you the tools to help a lot of people with their mortgages whether they are having problems or to educate homeowners. Mark D. B (Class on 09/23) Would surely recommend this class to any professional involved in the real estate banking or mortgage sectors. Kenneth L (Class on 09/23) Awesome course and information was GREAT! Justin F (Class on 09/23) Buckle your seats belts, youre in for a real treat! Your in for the greatest information of the Information Age!! Kymosh M (Class on 09/23) This was an outstanding training. If you want to learn Securitization and become and auditor, this is the class for you! Craig B (Class on 09/23) Everyone on the Real Estate industry should take this course as a starting point for any future transaction. They will have better understanding on how or what to advise and educate their clients and all our community can have this tool (powerful) to protect their homes or properties! Ozzy M (Class on 08/26) A must class for everyone that wants to help homeowners stay in their home. I learn so much information that I wont get from somewhere else. Art & Liz were very helpful and personable and willing to take time and show you where to go when you get behind in the class. Hercules B (Class on 08/26) If you are serious about working in the profession of modifications, law, mediation and helping homeowners, this is valuable. Mark B (Class on 08/26) This course was the missing link in putting together all the knowledge Ive already been accumulating, but was not able to assimilate into a prosecutable document for submission which an attorney can use in litigation. Thanks! Warren G(Class on 07/22) Excellent information! The tracking of assignments, very thorough. Instructors knowledge of these securitization processes are very strong. CFLAs commitment is very strong to students and to excellence. Carl W (Class on 07/22) This is a course that every American citizen can use to fight back against Wall Street and the banks to keep or receive compensation for the mortgage fraud committed on 85% of loan originated between 2001-2008. Liz and Art are a God send! Brandon C (Class on 07/22) Although I have prior experience of 20 years of Mortgage Banking and Real Estate, this class has given me a comprehensive edge over the average attorney and ultimate foreclosure defense! Thank you for taking me to the top. Kartika K (Class on 06/10) "This program allows you to stop the banks in their tracks. Now, there is hope for homeowners to save their from forclosure." Mark W (Class on 6/10) Thank you. I appreciate your passion to do righteousness and justice and the pursuit of truth! Keep up the good work. William I (Class on 08/26) Pertinent and helpful information at a critical time. Deborah L (Class on 08/26) I would highly recommend this course to others who are in the real estate legal industry who are willing to help homeowners. Wilma M (Class on 08/26) ________________________________________ Very good informational course on learning how to create a Securitization Audit Report. Ed C (Class on 08/26) ________________________________________ This is an awesome training! I would recommend t anyone who wants tto lern and make good use of it. Thank you so much for the education.. Mary B (Class on 08/26) ________________________________________ If you want to learn the audit the mortgage securitization process, then this is the course for you! Timothy, O (Class on 07/22) ________________________________________ Personally, the course is an enhancement because Im already particular with about 95% of it. Although, I notice there are beginners in the class and I highly recommend the course and its instructors combined because I saw and noticed how these beginners were able to comprehend and able to finish their homework and finals on the 3rd day. The other 25% of the course was my core information to enhance my knowledge and the course & instructors made me achieve what I expected to learn. Thanks! Eddie P (Class on 07/22) ________________________________________ I really enjoy the class. I met a lot of professionals and made strong connections. I feel fortunate to come across this class, from my classmate. I would recommend this class to anyone moving forward. Wook C (Class on 06/10) ________________________________________ "As a forensic audit business owner looking to expand my product line, this course is invaluable, I believe that by adding securitization as a product/service, my profits may more than double and I will be better able to serve my clients." Elyssa R (Class on 6/10) ________________________________________ This was an amazing seminar that gave me the knowledge to help Homeowners to fight for their Rights against greedy bankers and mortgage companies. Saul G (Class 06/10) ________________________________________ Had a great time with the class and instructors, class was informative and I would recommend it to anyone who wants to learn more about Mortgage Securitization Ellen R (Class 06/10) ________________________________________ Learn as much as you can. Think outside the box and be analytical. Learning this will allow you to be helpful to the community as well as society. Enjoy the fact that we are here to help. If I can help just one person to stay in their home I have done society a world of good Lakeisha B (Class 06/10) ________________________________________ This class is something that everyone in the mortgage profession, needs to take. Jose G (Class 06/10) ________________________________________ "The Securitization Certification Course is a power course for those of us charting un-charted territory." Bobby L (Class on 6/10) ________________________________________ "If your goal is to produce analysis reports that are high quality you need to make it to one of the CFLA training sessions." Craig P (Class on 6/10) ________________________________________ "The course is a wake up call for the masses subjected to the fraudulent attack by the banks." Chandra A (Class on 6/10) ________________________________________ "This course provided practical knowledge to use in the real world. The instructors were very nice and knowledgeable with expansive experience in actual cases. I highly recommend this course for/to anyone interested in saving their own home, or to gain the knowledge necessary to do so. These tools could shape the entire mortgage industry for years to come!" Tony R (Class on 6/10) ________________________________________ "The instructors are FANTASTIC and want you to learn!" William Y (6/10) ________________________________________ "Come open minded ask questions talk to the instructors. The more you listen the more you learn. Thank you Art and Liz for a wonderful experience." Jennifer C (Class on 6/10) ________________________________________ "Very informative. Found all class material to be useful. Enjoyed learning" Shannen J (Class on 2/25) ________________________________________ "The class will give you the education as a great tool to be proficient in the Forensic Auditing process. I highly recommend this course to anyone that is committed to making a difference and helping the homeowner" Deborah M (Class on 2/25) ________________________________________ "You have no idea what your course means to me and how it will change my practice. Blessings to your company" Sharon D (Class on 2/25) ________________________________________ "This class is very motivating to get started. There are knowledgable people to help you along the way. The instructors are good for staying on task. Love all the samples and templates from the classthat is great to help us out with our cases. Definetely recommend. Anton A (Class on 2/25) ________________________________________ "All instructors and attorneys are very friendly and knowledgeable and helpful. Tons of work" Mark F (Class on 2/25) ________________________________________ "Be ready to focus and take good notes. The material and information is new and innovative. Therefore, it will be challenging. Ask questions and network!" Christian G (Class on 2/25) ________________________________________ "Great class to arm yourself with inside knowledge only the banks have had for years. It will teach you how to present yourself when you go to court against your lender" Marie B (Class on 2/25