The guide provides details on Novad Management Consulting Scam. Novad Management Consultancy Scam that is causing concern to the majority of people in America.

If you’ve got a loan in you, you’re probably aware about the latest reverse mortgage scam taking place across the United States. Mortgage service providers are committing the scam to steal money as well as personal details of the borrower.

The borrowers who had the letters from NOVAD are worried and insecure. They have seized the discussions forums and social media to discuss the situation and find out details about the Novad Management Consulting scam..

If you’ve received the same type of letter as other you have received, you should read the letter.

Introducing NOVAD

NOVAD Management Consulting is a mortgage service company that concentrates on servicing the Single-Family Secretary-held Portfolio of FHA and Home Equity Conversion Mortgages, as well as Limited Claims in the name of FHA and Home Equity Conversion Mortgages.

This is a complete-service minority-owned business with a wealth of experience in managing risk and program management Auditing compliance and financial services Portfolio as well as property management organization development and re-engineering business processes, and much more.

The company is now in the news because of a new reverse mortgage scam notice which consumers throughout the United States are receiving.

What is Novad Management Consulting Scam?

NOVAD Scam is sweeping all over America and targets the borrowers of reverse mortgage loans. The scammers are sending fraudulent letters to residents of the area to inform them that their loan was transfered into Novad Management Consulting, and the remaining balance due have to be paid at the expense of ISN Corporation.

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The letter is addressed to the person receiving it using ISN Corporation address. ISN Corporation address, and the address and phone number listed in the letter are fake. After receiving the fake letter, people accessed the forum discussion to find out more about the scam and to make a report.

Individuals who do not have a loan been sent this Novad Consulting scam letter. Therefore, it is advised not to respond or pay any money to the business mentioned within the email.

Some More Details About the Scam

After reviewing the website the site, we came across some key factors that indicate it is an untrue scam. These include:

  • This letter is claimed to come from NOVAD telling loan borrowers their loan was transferred.
  • The letter enjoins recipients to make a further payment in the form of ISN Corporation, which has nothing to be related to the borrowing company. This means that this Novad Management Consulting Scam letter should be ignored.
  • Some users have stated they’ve never taken any loans or mortgages or loan from NOVAD as well as ISN Corporation, and hence it’s not sensible to pay these firms.
  • Even those who have no mortgage or loan have received the letter, which proves this is a fraud.

A few users have stated that the letter is legitimate letter, however, there is no official confirmation to confirm the claims made in the document. We urge everyone who received the letter to inform us about the scam and be secure by not focusing on it until confirmation is received from NOVAD.

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To Sum Up

Novad Management Consultancy Scam has been a source of concern for many across America and even those who have no reverse mortgage have been affected. However up until the time that NOVAD announces the official proof, these letters should be dismissed. Additionally, you should get some helpful advice on the best way to guard yourself from scams.

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