CFLA Announces Securitization in Litigation & Quiet Title CLE ~ February 16, 2013 ~ Dallas, TX
Summary
Los Angeles, CA, February 10, 2013 --( Register online or phone 888-758-CFLA (2352): www.CertifiedForensicLoanAuditors.com Location Hilton Dallas/Southlake Town Square 1400 Plaza Place Southlake, TX 76092 Phone: 817-442-9900 Instructors Chad Elrod Education South Texas College of Law, J.D.* History of Mortgage Securitization Break (10:30 a.m. – 10:45 a.m.) The Securitization Parties and Their Roles (10:45 a.m. – 12:15 a.m.) * Pooling and Servicing Agreements * Originator-Bank that originated the loan * Sponsor/Seller-middle bank bought note from originator and sold to depositor to package in the trust – most missed the closing date * Depositor-Bank that sold the Note to the Investor * Issuing Entity – The Trust: Closing Date, Lack of Standing, MERS * Every Mortgage is supposed to be registered on this system * Intended during the 1990’s to cut recording costs/fees for the banking industry; also helped hide chain of title from the public * Approximately 65 million mortgages=Mers is beneficiary or nominee * Each time the note was transferred by law there was supposed to be a duly signed assignment (from Originator to Sponsor/Seller to Depositor); this did not occur in most cases Lunch (12:15p.m.CFLA has certified more than 1,000 Executive Professionals through its Nationally Recognized and Industry Acclaimed "Mortgage Securitization Auditor Training", practical application, classroom setting, by our industry leading experts!Register online or phone 888-758-CFLA (2352): www.CertifiedForensicLoanAuditors.comLocationHilton Dallas/Southlake Town Square1400 Plaza PlaceSouthlake, TX 76092Phone: 817-442-9900InstructorsChad ElrodEducationSouth Texas College of Law, J.D.* History of Mortgage SecuritizationBreak (10:30 a.m. – 10:45 a.m.)The Securitization Parties and Their Roles (10:45 a.m. – 12:15 a.m.)* Pooling and Servicing Agreements* Originator-Bank that originated the loan* Sponsor/Seller-middle bank bought note from originator and sold to depositor to package in the trust – most missed the closing date* Depositor-Bank that sold the Note to the Investor* Issuing Entity – The Trust: Closing Date, Lack of Standing, MERS* Every Mortgage is supposed to be registered on this system* Intended during the 1990’s to cut recording costs/fees for the banking industry; also helped hide chain of title from the public* Approximately 65 million mortgages=Mers is beneficiary or nominee* Each time the note was transferred by law there was supposed to be a duly signed assignment (from Originator to Sponsor/Seller to Depositor); this did not occur in most casesLunch (12:15p.m.* Steps to Quiet Title Litigation: Title Search – Public Record Search, Complaint for Quiet TitleHow to use audits in litigationDiscovery IssuesSettlement of Case or Judgment of Quiet TitleSettlement: Principal Reduction, Interest Reduction, Credit Report – Paid as Agreed, No 1099 in SettlementJudgment of Quiet Title: Free and Clear Property, Unsecured Note, Asset ProtectionSummarize, Acknowledgements and Conclusions (4:45 p.m. – 5:00 p.m.) Contact Information CFLA, Inc Andrew Lehman 1-888-758-CFLA (2352) http://www.certifiedforensicloanauditors.com National Account Sales Office 13101 W Washington Blvd Suite 140 Los Angeles, CA 90066 Click here to view the list of recent Press Releases from Certified Forensic Loan Auditors, LLC Promote Your Business Press Release Pricing Email this page to a friend