Is SDAudit’s Securitization Audit Worth It? An In-Depth Review
SDAudit’s Securitization Audit is their flagship service, designed for homeowners who need a comprehensive, court-ready analysis of their mortgage. This review breaks down what you get, how it compares to other services, and whether it’s the right choice for you.
What the Securitization Audit Covers
The Securitization Audit includes everything in the Contract Review Audit plus several critical components for homeowners facing foreclosure or legal disputes. At a high level, the audit focuses on whether your loan was moved into a securitized trust, whether transfers of ownership were properly documented, and if there are errors in the servicing or charging of the loan.
Core components
- SEC and MERS database checks: We check SEC trust filings and MERS records to determine if your loan was ever placed into a securitization trust and whether the trust documentation matches the loan file.
- Chain of assignment investigation: We trace each assignment, transfer or endorsement to see who owned the note at different points in time and whether proper documentation exists.
- Red Flag Summary Index: A visual and prioritized list of issues that could affect standing, enforceability, or the amount owed.
- Full PDF report (8-12 pages): A detailed report of findings, with citations, screenshots, and recommendations.
- Email support: Help interpreting the report and deciding next steps.
Why securitization matters
Securitization matters because when loans are pooled into trusts, the paperwork and timing of transfers can affect who has the legal right to collect payments or foreclose. Common problems we find include gaps in the chain of custody, assignments executed after a foreclosure initiation date, or discrepancies between the loan terms in the trust prospectus and the homeowner’s actual loan.
Example: if a loan was assigned to Bank A, then to Trust B, but the recorded documents show an assignment after the lender filed for foreclosure, a homeowner can use that timing error to challenge standing. That challenge might delay foreclosure, lead to negotiation leverage, or become evidence in a litigation strategy.
How SDAudit’s Securitization Audit Compares
| Feature | Contract Review Audit | Securitization Audit | Legal-Grade Audit |
|---|---|---|---|
| Price | $597 | $997 | $1,497 |
| Turnaround | 5-7 Days | 3-5 Days | 2-3 Days |
| Report Length | 5-7 Pages | 8-12 Pages | 15-20 Pages |
| SEC & MERS Checks | No | Yes | Yes |
| Chain of Assignment | No | Yes | Yes |
| Court-Ready | No | No | Yes |
Who should order a Securitization Audit?
The Securitization Audit is ideal for homeowners who are facing foreclosure, in active dispute with their lender, suspect their loan was securitized, or simply want a detailed independent analysis of their loan history. If you have received a notice of default, a notice of trustee sale, or confusing assignment paperwork, the audit can clarify ownership and identify errors.
Practical examples of when it helps
- Facing foreclosure and uncertain who currently owns the note.
- Seen multiple assignments recorded in county records with inconsistent dates.
- Never received proper notice that your loan was transferred into a trust.
- Considering a negotiation or loan modification and want leverage based on documentation errors.
How to prepare for an audit: a simple step-by-step guide
- Gather your loan documents: promissory note, deed of trust, all recorded assignments, payment history, and any foreclosure notices.
- Collect correspondence: letters, emails, and statements from your lender or servicer.
- Order county title records if you want to double check recorded assignments before submitting to SDAudit. This is optional but helpful.
- Submit documents to SDAudit and provide details about any timelines of notices received. Clear timelines help us find critical date-related red flags.
Interpreting your report and next steps
The audit report will include a Red Flag Summary Index. Treat that as a prioritized to-do list. Common next steps homeowners take include:
- Using the report to open negotiations with the lender or servicer.
- Consulting a local attorney with the report to explore legal remedies or to prepare a defense in foreclosure.
- Ordering a Legal-Grade Audit if you plan to file documents in court. The Legal-Grade package includes a sworn declaration and exhibits formatted for filing.
Frequently Asked Questions
Q: How long does an audit take?
A: Most audits are completed within 3-7 business days. Many clients receive their reports the next business day. This is significantly faster than competitors who typically take 2-6 weeks, thanks to our advanced analysis technology combined with expert review.
Q: What if I need a court-ready audit?
A: Our Legal-Grade Audit Package is designed for court filings and includes an expert declaration and court-ready exhibits.
Q: Is there a guarantee?
A: We guarantee that our audits are accurate and comprehensive. If you are not satisfied with your report, we will work with you to address concerns and provide additional clarification.
Final thoughts
A Securitization Audit from SDAudit is not a magic bullet. It is an evidence-based tool that uncovers documentation issues and provides practical, prioritized findings you can use when negotiating, defending a case, or preparing to engage an attorney. For homeowners who suspect irregularities in loan transfers or who need a clear timeline of ownership, the audit can be worth the investment.
Contact SDAudit
Have questions or want to get started? Contact us today for a free consultation. Our team will explain the audit process, tell you exactly what documents are needed, and recommend the best package for your situation.
- Email: support@sdaudit.com
- Phone: 1-800-555-1212
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Ready to protect your home and your rights? Contact SDAudit for a free consultation or order your Securitization Audit today and get a clear, actionable report you can rely on.