We help financial institutions and mortgage bankers with new product design and implementation including preparing documentation, disclosures and procedures for mortgage products.
We also help clients in the areas of:
(i) legal due diligence;
(ii) organizational structuring;
(iii) specific loan transaction problems;
(iv) mortgage fraud prevention and advice;
(v) responding to alleged violations of applicable laws and regulations.
Phuoc & Associates also conducts detailed reviews of the forms and procedures used by lenders to assure their compliance with applicable State requirements. This involves the review of consumer credit forms, loan applications, adverse action notices, commitment letters, interest rate lock in agreements, notes, mortgages and deeds of trust, security instruments, home equity line of credit agreements and related materials, advertisements, compliance and procedures manuals, and written internal memos of instructions to loan officers.