Freedom Mortgage Warning! Can Freedom Mortgage Validate Your Mortgage Debt? Probably Not!
Steve Dibert, CEO of internationally-renowned mortgage fraud investigation firm MFI-Miami, announced today that MFI-Miami has discovered serious flaws in the way Freedom Mortgage validates debt owed by homeowners. As a result, MFI-Miami has issued a Freedom Mortgage Warning to homeowners.
MFI-Miami CEO Steve Dibert:
Homeowners need to request their complete mortgage transaction histories from Freedom Mortgage and review them. If there is missing information or if something doesn’t look right, they need to contact a lawyer or a properly trained mortgage fraud expert immediately!
MFI-Miami has examined nearly 50 transaction histories from mortgage loans currently serviced by Freedom Mortgage since 2015. Nearly 30 of these contained serious accounting flaws in the transaction histories. These flaws would call into question the amount homeowners owe on their mortgages. Additionally, MFI-Miami’s team of Forensic CPAs have described Freedom Mortgage transaction histories as everything from a mess to a trainwreck.
These flaws also include 5-year and 10-year gaps in the transaction histories. They also include conflicting payoff figures on payoffs dated the same day. As well as transaction histories with fictitious and inflated payments made to local taxing authorities.
Steve Dibert also said:
There is a definite pattern of impropriety going on here. I find it odd that one of the largest mortgage servicers in the US can’t do the basic 5th-grade math required to calculate an accurate payoff on a mortgage.
In 2016, Freedom Mortgage agreed to pay $113 million to the federal government for violating the False Claims Act. The government alleged Freedom Mortgage knowingly originated and underwrote single-family mortgage loans insured by HUD and FHA that did not meet applicable requirements for the FHA insurance program.
Call MFI-Miami today to learn more at 888.737.6344