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December 13, 2013 at 11:04 AM EST
American Retention Services - United States' Top Ranking Mortgage Compliance Service

NEW YORK, Dec. 13, 2013 /PRNewswire-iReach/ -- American Retention Services (www.americanretention.org) in association with the United States Mortgage Department is one of the nation's leading providers of real estate and mortgage compliance analysis and mortgage investigative solutions. American Retention Services publicly recognized for an event, which reached out to over several thousand homeowners in the United States. The event known as H.E.L.P., an acronym for Homeowner Education Loan Program, which took place in 37 states in the U.S., educated homeowners about bank practices and the benefits in usage of mortgage compliance analysis reports and investigative securitization and mortgage compliance analysis audits. Activities included an exploration of case studies showing errors in bank practices, discussion of unique claims brought against All Major Lenders and Servicers, as well as a question and answer session. American Retention Services again reaffirmed its commitment to making homeowners aware of their options related to dealing with their loan modification approval.

American Retention Services launched a new offering of educational products designed to provide guidance to professionals and property owners on how to use specific mortgage loan compliance audit reports to streamline open mortgage loan modification and/or loss mitigation cases for residential and commercial real estate transactions. According to the Limited Scope Electronic Examination Procedures published by Multistate Mortgage Committee (MMC) comprised of state regulator members of the Conference of State Bank Supervisors (CSBS) and the American Association of Residential Mortgage Regulators (AARMR), the initiative is, "a simultaneous limited scope examination of twenty five Multistate Mortgage Entities (MMEs) using the same compliance analysis software applications." The procedures explain that examiners receive electronic data for loans from licensees and audit the loans with the software, without the immediate need for costly on-site examinations. So far, thirty-two states have collaborated in the examination process, which is enhanced through a variety of platforms used by numerous Corporations, including American Retention Services and the Financial Services Compliance Regulatory. Recognized nationally as one of America's most successful leading mortgage compliance enforcement watchdogs and mortgage report solutions analysts, American Retention Services has been the leader in the residential and commercial mortgage compliance analysis solutions providers, obtaining iconic credibility as a top-tier firm. After having launched a new offering of educational products designed to provide guidance to homeowners and commercial property owners, American Retention Services is in the Elite of American mortgage compliance analysis reporting agencies.

As a widely used resource for commercial real estate agents, as well as any exclusive compliance firm American Retention Services continues to promote industry-best practices by educating investors and their advisors about the benefits of auditing the loans associated with their investments.

Paul Ford, Chief Executive Officer and acting Vice-President - compliance at American Retention Services, commented on the process, "Our firm has been using compliance analysis in production for many years. In every electronic examination that has required us to submit loan-level data, Mortgage Compliance Analysis Reports originating from our firm has provided us with a simple and straightforward process to comply and to deliver the necessary information. Americanretention.org has been a useful platform in ensuring quick turnaround and assistance in staying organized. It has made preparing for enforcement much easier and quicker."

Since the beginning of 2008, American Retention Services has used Mortgage Compliance Analysis and other similar software to be a part of the 100,000 loans directed to regulators for Compliance Enforcement. Ensuring that loans are either clear of violations or not ahead of taking action can save a licensee the time and monetary cost associated with accusations that are more serious. As a result, lenders are increasing their use of the up-front automated audits to prepare in advance for the new regulatory reform. American Retention Services has recently opened its doors to consumers allowing the public to obtain these services directly from the firm, where prior to this decision, only conducted business-to-business dealings to correspondent lending institutions, federal banking associations, law firms, wholesale lenders, loss mitigation companies and direct lending institutions across the country.

The other importance of the mortgage compliance findings is that it may be the grounds to help move a non-judicial foreclosure action (currently in 29 states), if necessary, into jurisdiction, which can stop foreclosure in its tracks. More importantly, borrowers regardless of financial hardship and payment history now have the chance for a better position to negotiate new terms or loan settlement. Violations found in an investigative compliance reports can help place the borrower in the offense as proven by American Retention Services. American Retention Services continues their assistance to legal professionals in navigating through the loan modification process with learning channels, which is critical for legal advisors that are looking to make the loan modification model of their business practice. "Information gained by a compliance auditing and loan modification firm is only as good as the ones that know how to use it," Paul Ford, the CEO of American Retention Services concluded.

American Retention Services incorporates many divisions that offer a variety of synergistic products to clientele while delivering a reputation for outstanding services and wholesale pricing. American Retention Services also handles investigative commercial loan audits for several Commercial Agencies, Banks, and Organizations. American Retention Services has viewed itself as a volume driven agency for residential and commercial real estate transactions. American Retention Services Headquarters is located in Beverly Hills, CA. Their physical address is 8484 Wilshire Blvd, Suite 515-P, Beverly Hills, CA 90211.

For more information about American Retention Services, please visit http://www.americanretention.org or call (855) 201-8922

Media Contact: American Retention Services, AMERICAN RETENTION SERVICES, (855) 201-8922, help@americanretention.org

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SOURCE American Retention Services

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