Skip to content

Bloomberg SHUTS DOWN Loan Level Data Searching – The Attack On Securitization Audits!

January 29, 2013

DISCLAIMER: THE CONTENT IN THIS BLOG IS FOR INFORMATION PURPOSES ONLY AND IS NOT TO BE MISCONSTRUED AS LEGAL ADVICE! Anthony Martinez is a Litigation Discovery Expert, Consultant and Strategist.  Neither Anthony Martinez nor his firm AMA engage in the practice of law and only provide Legal Process Outsourcing Services (“LPO”) to licensed practicing attorneys.  AMA will provide public information only and will not provide any kind of advice, explanation, opinion, or recommendation to a consumer about possible legal rights, remedies, defenses, options, selection of forms or strategies.

Obtain the most advanced, state of the art Securitization and Forensic Audit Analysis Report from e-Logic Group (www.e-logicgroup.com).

Listen to the controversial conversations of real property litigation with expert guests on Blog Talk Radio’s – Who Stole Your Loan Radio – Hosted by Anthony Martinez every Thursday at 8pm.  Tune in on January 31, 2013 at 8pm to the upcoming broadcast “Strategy No 1. Knowing How to Choose the Right Attorney“. 

Look for up and coming Webinar and Seminar Events as Anthony Martinez brings advanced discovery information, tactics and strategies to the Webinar and Seminar Circuit!

*********************************************

I’ve listened to a number of attorneys rant about how securitization audits are a waste of time and money.  I’ll chalk up some of that ranting to using the wrong audit company that provides useless data and the rest to the attorney’s inability as a good litigator.  One thing is for certain though – securitization audit reports must have struck a nerve because Bloomberg, the provider of the terminal that allows a user to engage in loan level searching, has completely eliminated the functionality from its terminal use.

The following information was provided straight from the Bloomberg Help Desk on January 29, 2013 at 1:56pm:

Bloomberg Confirmation

BLOOMBERG HELP DESK: Hi Sean, my name is Matt and I deal specifically with mtge functionality. I can confirm that LFND was permanently removed.  This was a business decision and there are no workarounds.

I don’t know how that sounds to any of you but that sounds very specific and with directed intent.  Software platforms thrive on functionality.  The removal of functionality coupled with a statement that “this was a business decision and there are no workarounds” clearly indicates access to loan level data is a topic of discussion.  Why?  Because loan level data searching identifies the trust the loan was allegedly pooled into and gives access to all the players and documents associated with an alleged chain of transfer documented with the SEC.

Audits provide facts and rebuttals to alleged facts about the life of the loan.  It gives one the ability to take what is filed in county public records and compare it with SEC filed public records.  Properly done, the search and results themselves give the Court enough documented process information to show genuine issues of material facts when a Plaintiff provides an assignment that jumps from A to E without identifying B,C and D.

Most audit companies provide flawed audit data with more fluff about MERS and irrelevant cases that don;t apply to a specific clients state and case.  The result is just what some attorneys rant about – USELESS!!!

e-Logic Group is one of the only providers of advanced securitization audits that provides audit analysis with litigation tactics and strategies and is not affected by the Bloomberg SHUT DOWN!  Contact e-Logic today to learn more about their Securitization Discovery Tactics and Strategies (“SDTS”) Audits.

Advertisements
No comments yet

Leave a Reply

Please log in using one of these methods to post your comment:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: