Posted on: 22nd Mar, 2009 01:59 am
Hi Everyone,
Has anyone ever heard of NIA Consulting? Who are they?
Has anyone ever heard of NIA Consulting? Who are they?
They look like a fraud detection agency. Probably employed by lenders to determine if there is any fraud on their books.
Interesting. What do they do and how do they get information?
You can Google their company name and find their website. They don't provide many details. I suggest a call into their company to see how many of your questions they will answer for you.
Thanks Chris- I'll check them out on the internet.
Chris is pretty close. NIA Consulting does quality-control reviews for the mortgage insurance companies, not the lenders. Sometimes, when you buy a mortgage, the lender buys insurance on the loan. Much like the way you'd use car insurance after an accident, when a loan goes into default, the lender files a claim.
They aren't trying to get any money from you or sell anything, they're just trying to get your side of the story.
They aren't trying to get any money from you or sell anything, they're just trying to get your side of the story.
just remember they work for the lenders not you
This company called my accountant today, asking for details about my income, which they have no right to...... should I be concerned?
Hi Lebronto!
Welcome to forums!
You should be concerned about the company calling your accountant and asking for details. I hope your accountant has not given any details to them. Next time if they call you, do ask them the reasons for calling and ask them not to harass you further.
Feel free to ask if you've further queries.
Sussane
Welcome to forums!
You should be concerned about the company calling your accountant and asking for details. I hope your accountant has not given any details to them. Next time if they call you, do ask them the reasons for calling and ask them not to harass you further.
Feel free to ask if you've further queries.
Sussane
They're employed by the MI companies to find fraud or misrepresentation. This MI companies want to deny claims by a lender so this is how they go about doing it. They do exhaustive investigative work including the legally questionable practice of obtaining copies of your tax returns using expired tax forms (4506T you signed at closing).
NIA is not an advocate for you, or your lender. It works for the MI company.
NIA is not an advocate for you, or your lender. It works for the MI company.
@ Lebronto
Anytime you apply for a mortgage loan you sign a document called the borrower's certification and authorization. This document entitles your broker, lender, agents and insurers to verify and re-verify information and representations you made when applying for the loan. This document does not expire and even has a clause that stated it may be used in quality control. When you sign this document you are giving permission for the lender, insurers and their agents (this would be NIA Consulting) to verify information in the file today, tomorrow and ten years from now. You don't sign this document allowing lenders to verify your info, you don't get the loan. Bottom line people, don't lie on your loan application and you don't have anything to worry about.
Anytime you apply for a mortgage loan you sign a document called the borrower's certification and authorization. This document entitles your broker, lender, agents and insurers to verify and re-verify information and representations you made when applying for the loan. This document does not expire and even has a clause that stated it may be used in quality control. When you sign this document you are giving permission for the lender, insurers and their agents (this would be NIA Consulting) to verify information in the file today, tomorrow and ten years from now. You don't sign this document allowing lenders to verify your info, you don't get the loan. Bottom line people, don't lie on your loan application and you don't have anything to worry about.
An old thread, but shows up high in search results for NIA Consulting so I'll respond here.
I spoke with one of their agents recently concerning the Short Sale 4 months ago of my (former) home. They do operate with a bit of aggressiveness, but they aren't outright hostile. My wife got the agents contact info and I called her back.
They asked questions about income & jobs; mostly to confirm what we had said when we purchased the house. The only question that had an 'investigative' feel to it was whether we had a relationship with the mortgage broker outside of being our broker; the rest were just confirming the information we had given when we applied for the mortgage.
I spoke with one of their agents recently concerning the Short Sale 4 months ago of my (former) home. They do operate with a bit of aggressiveness, but they aren't outright hostile. My wife got the agents contact info and I called her back.
They asked questions about income & jobs; mostly to confirm what we had said when we purchased the house. The only question that had an 'investigative' feel to it was whether we had a relationship with the mortgage broker outside of being our broker; the rest were just confirming the information we had given when we applied for the mortgage.