numbers

Published on December 2016 | Categories: Documents | Downloads: 53 | Comments: 0 | Views: 389
of 9
Download PDF   Embed   Report

Comments

Content

Borrowers Authorization/Certification/Info Form Exhibit A
Authorization to Release Information The undersigned certify the following:

To Whom It May Concern: 1. I/We have engaged Principal Reduction Consultants, LLC. Hereinafter called “PRC” to act on our behalf regarding my/our Home Mortgage Loan and authorize PMR to perform a Mortgage Loan Document Review/Report of specified loan closing documents. 2. I/We authorize you to provide to Principal Reduction Consultants, LLC. Hereinafter called “PRC”or their employees, agent, representative or contractors, any and all information and documentation that they request. Any request from “PRC” or their employees, agent, representative or contractors should be considered the same as a request or demand from the undersigned. 3. A copy of this authorization may be accepted as original.

4. Your prompt reply to PRC or their employees, agent, representative or contractors is requested. 5. I/We authorize you to send all correspondence on our behalf to Principal Reduction Consultants, LLC, at 183-3 Keith Street, Warrenton, VA 20186 or to any other address requested by “PRC” or their employees, agent, representative or contractors. 6. 7. 8. 9. 10. 11. Borrower Name(s): _______________________________________________ Property Address: ________________________________________________ Loan Number: ___________________________________________________ Lender(s) Name(s): _______________________________________________ Lender(s) Address(s): _____________________________________________ Lender(s) Phone #(s): _____________________________________________

12.Attorney/Closing Agent Name/Ph # _________________________________ 13. Attorney/Closing Agent Address: _________________________________

_________________________________

14. I/We authorize PRC or their employees, agents, representatives or contractors to send my Lender an Official Qualified Written Request and also provide Lender with “Documented Findings” relating to any possible excessive fees and mortgage related compliance issues found after PRC has completed a Mortgage Loan Document Review/Report on my/our behalf. 15. I/We authorize PRC or their employees, agents, representatives or contractors to negotiate a Dollar Refund/Remediation Settlement on my/our behalf with the Lender. 16. I/We authorize PRC or their employees, agents, representatives or contractors to file Documented Complaints on my/our behalf to Local, State and Federal Regulatory Agencies in the event my Lender does not acknowledge the Official Qualified Written Request sent from PRC on my/our behalf within 20 business days, and if Lender fails to attempt to settle (Documented Compliance Mortgage Related Issue Findings) with 60-90 business days, as required under RESPA (Real Estate Settlement Procedures Act.) 17. I/We acknowledge that we will supply PRC or their employees, agents, representatives or contractors with the following documents: ○ ○ ○ ○ ○ ○ ○ ○ of settlement ○ ○ ○ ○ A copy of Appraisal (if applicable) A copy of any Mortgage Broker/Lender Fee Agreements Executed Borrower Authorization/Certification/Info Form Executed Engagement Letter A A A A A A A A Copy of Original Application copy of Good Faith Estimate (GFE) copy of Truth in Lending Statement (TIL) copy of Final HUD-1 Settlement Statement copy of Mortgage and Note including any Riders (ARM, etc.) copy of Uniform Residential Loan Application copy of most recent monthly loan statement from lender copy of U.S. Individual Tax Returns for 2 years prior to date

18. Failure to comply with this grant of authority or any reasonable request by PRC or their employees, agents, representatives or contractors will result in immediate legal action for legal and equitable remedies, may include a demand for rescission, and will include a demand for recovery of attorney fees, costs and all other out-of-pocket expenses in connection with the review, audit, demand, claim refund or collection of damages.

X _________________________ Borrower Signature Date

____________________________ ___________ Social Security Number

Printed Name: ___________________________________ X _________________________ __________ ___________________ ___________ Borrower Signature Social Security Number Date Printed Name: ___________________________________ X __________________________ _________ ___________________ ___________ Borrower Signature Social Security Number Date Printed Name: ___________________________________ X __________________________ _________ ___________________ ___________ Borrower Signature Social Security Number Date Printed Name: ___________________________________

NOTARIZATION: The above signatories produced identification, which is on file with me, duly authorized Notary Public, and he/she/they signed the above in my presence. My Commission Expires: ___________ ___________________________ ___________ Date NOTARY PUBLIC Date
Page 3 of 3 _________________________________ __________________ Client(s) Initials Client(s) Initials

ENGAGEMENT LETTER

Dear Homeowner(s), The purpose of this Engagement Letter together with all exhibits hereto, the “Agreement” is to set forth the terms and conditions upon which parties have agreed upon. “PRC” with an address at 183-3 Keith Street, Warrenton, VA 20186 will file Documented Complaints on my/our behalf to Local, State and Federal Regulatory Agencies in the event my Lender does not acknowledge the Official Qualified Written Request sent from PRC on my/our behalf within 20 business days, and if Lender fails to attempt to settle (Documented Compliance Mortgage Related Issue Findings) with 60-90 business days, as required under RESPA (Real Estate Settlement Procedures Act.) on behalf of Homeowner(s), with an address at: _________________________________________________________________________ hereinafter referred to as Client(s).

Responsibilities Client(s) have enlisted the services of PRC to disclose any possible local, state, and federal

regulatory compliance and mortgage related issues. PRC will send Client(s) any written correspondence sent to the Lender on behalf of the Client(s). PRC will also give Client(s) a copy of all documented complaints, if any, sent to any local, state and/or federal regulatory agency on behalf of Client(s). Client(s) will need to execute the Borrower Authorization/Certification form (Exhibit A) and this Engagement Letter, prior to PRC accepting engagement. Client(s) understand that they will need to send PRC in a timely manner, legible copies of all the documents listed in the Borrower Authorization/Certification form (Exhibit A.) Client(s) understand that they should not send any original documents, only legible copies that will be needed for PRC review. PRC will not return these documents. Client(s) understand that PRC will be providing principal mortgage reduction services on behalf of client. Client understands that PRC are not Attorneys and will not give legal advice to Client(s). PRC may contract an attorney to perform services on behalf of PRC to facilitate or perform some of the services contemplated by this agreement and Client acknowledges that any Attorneys hired by PRC are not clients Attorney and Client acknowledges and understands that no Attorney Client relationship is created or shall exist between Client and any Attorney contracted by PRC .

Page 1 of 4 _________________________________ __________________ Client(s) Initials Client(s) Initials

Scope of Services The following sets forth the scope of this Engagement and summarizes the tasks to be performed by PRC. PRC will use Clients Forensic Audit setting forth possible Excessive Fees/Charges by the Lender, Deceptive Predatory Lending Practices, and/or other Fraudulent Abusive Mortgage related issues. PRC will base their complaint to the Lender not on any legal standard

but on industry standard and on the documents Client(s) are able to provide. PRC “Professionals” will file a “qualified written request” directly with the Lender on your behalf, providing the Lender with “Documented Exhibits of our Findings.” At that time, PRC will attempt to get a Dollar Refund/Remediation Settlement and/or a Mortgage loan restructure on your behalf from the Lender. Compensation The payment due of $____________ shall only be due upon the obtaining of a Dollar Refund/Remediation Settlement and/or a Mortgage loan restructure (Principal Reduction) on your behalf from the Lender. Payment must be payable to PRC in the form of a money order or cashier’s check, or any debit or credit card. PRC Does Not Accept Cash. No payment is required unless the PRC services as set forth in this agreement are fulfilled.

Page 2 of 4 ___________________________________________________ Client(s) Initials

In the event PRC is successful in helping Client(s) get a Dollar Refund/Remediation from the Lender, PRC, will be entitled to compensation from the Client(s) totaling 20% Of the Total Dollar Refund/Remediation Settlement, Received from Lender. [Example: A $4,000 Total Dollar Refund would be split 80% ($3,200) to Client(s) and 20% ($800) to PRC PRC will file documented Complaint(s) on your behalf with the proper Local, State, and

Federal Regulatory Agencies in the event Lender does not Settle or Resolve the mortgage related issue(s) within 60 business days of our “qualified written request.” Client/Homeowner(s) acknowledge they are fully aware of the services provided by PRC and elect to “voluntarily” participate in the services provided within this agreement whether or not any monetary recoveries are obtained. Note: compensation to Attorneys(s) contracted by PRC are the responsibility of PRC and you will not be billed for Attorney(s) costs in addition to the PRC fee. Note: Section 6 of RESPA (Real Estate Settlement Procedures Act) requires a lender to acknowledge a “Qualified Written Request” within 20 Business Days and Lender must try to resolve the issue within 60 Business Days. Confidentiality PRC will provide Client(s) with a Borrower Authorization/Certification Form (Exhibit A), listing types of documents needed to complete this agreement in a timely manner. PRC agrees to review and inspect these documents only for the purposes described above, and to otherwise hold such information/findings confidential pursuant to the terms of this agreement. PRC will notify Client(s) if any of the documents requested are not complete, legible or missing. Entire Agreement This Agreement and the terms and conditions herein, shall constitute the entire agreement and the complete understanding between PRC and the Client(s), unless amended by a subsequent instrument signed by PRC and the Client(s). The laws of the State of Virginia shall govern this Agreement.

Page 3 of 4

______________________ __________________ Client(s) Initials Client(s) Initials

You may cancel the agreement at any time and this agreement shall automatically terminate Ninety (90) days after it is executed if the services are not completed within Ninety days. If services are completed within Ninety (90) days then payment must be made by Client(s) even if payment would occur after the expiration of Ninety (90) days. Please call us if you have any questions regarding the process. We thank you for the opportunity to work with you on this Engagement and look forward to a mutually beneficial professional relationship. It is understood that the undersigned acknowledges that this is a legally binding agreement and that Client(s) should obtain Legal Advice, if they choose prior to signing this agreement. In witness whereof, the above named parties hereto have caused this Agreement to be executed and have hereunder set their hands, as of this day and year written below. In witness whereof, the above named parties hereto have caused this Agreement to be executed and have hereunder set their hands, as of this day and year written below.

Sincerely, ________________________________________________________ Name: Principal Reduction Consultants LLC, Agent Date Signed: ________________________ __________________________________________________________ ___________________ Name: Homeowner(s) Date Signed: ________________________ ________________________________________________________ Name:

Homeowner(s) Date Signed: ________________________ _________________________________

Page 4 of 4 Client(s) Initials

Sponsor Documents

Or use your account on DocShare.tips

Hide

Forgot your password?

Or register your new account on DocShare.tips

Hide

Lost your password? Please enter your email address. You will receive a link to create a new password.

Back to log-in

Close