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What is the outcome from a Loan Doc Audit?

audit DOC loan outcome
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What is the outcome from a Loan Doc Audit?

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The results vary depending on the loan type you have. The Adjustable Rate Mortgages have a higher error occurrence than that of the Fixed Rate Mortgages. The outcomes of the Loan Doc Audit have varied from the consumer receiving the mortgage deed with no existing lien to the errors being corrected and modifying the Existing Note.

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