LooK!'s Predatory Loan analysis can be characterized as 'insurance', i.e, protection from being found as a predatory mortgage lender. No one likes to pay for insurance or more tactfully stated most like to be self-insured. Self-insured is a viable business consideration but not always the least expensive. Look at some of the costs below.

Thu Feb 28, 2008 3:02am EST Country Wide Sued over 'Excessive' Fees on Defauts.  Countrywide Financial Corp.charged thousands of borrowers facing foreclosure "excessive, unreasonable" fees and expenses, according to a proposed class action filed in Delaware Chancery Court...Countrywide has arrangements with attorneys for flat-fee, per-case rates of typically $300 to $500 per case.

June 5, 2006 Michigan Regulators Yank Lender’s License for Repeat Offenses  After repeated run-ins with state regulators... See LoanGiant below.

If you think your mortgage company is too small to come under scrutiny then think again and look at this RESPA Settlement List, which includes many small and medium sized companies.

Contact LooK! for more information about protecting your company with the LooK! Data analysis products.