Coming to New York, NY ~ Feb 22-24, 2013 ~ Mortgage Securitization Auditor Training Certification Class
Summary
Location Westchester Marriott 670 White Plains Road Tarrytown, NY 10591 (914) 631-2200 Major Topics Overview of securitization and the securitization conveyance chain, introduction to CFLA Securitization Reports, terminology, and borrower documents, SEC Search Techniques, SPV search, document review, MERS search, GSE search, Assignments, Separation of Note/Deed, Substitution of Trustees, Notice of Defaults, Trustee Sales, "The Note Is A Contract"/When original Notes are produced, Auditors as Testifying Experts/Review of court transcripts, HAMP Overview, and much more.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 industry leading experts.Register online or phone 888-758-CFLA (2352): www.CertifiedForensicLoanAuditors.comPre-Registration is required and can be completed over the phone at 1-888-758-CFLA (2352), with Visa or Mastercard, or by Check.Late Registration allowed until one week prior to course enrollment!LocationWestchester Marriott670 White Plains RoadTarrytown, NY 10591(914) 631-2200Major TopicsOverview of securitization and the securitization conveyance chain, introduction to CFLA Securitization Reports, terminology, and borrower documents, SEC Search Techniques, SPV search, document review, MERS search, GSE search, Assignments, Separation of Note/Deed, Substitution of Trustees, Notice of Defaults, Trustee Sales, "The Note Is A Contract"/When original Notes are produced, Auditors as Testifying Experts/Review of court transcripts, HAMP Overview, and much more.Additional TopicsHistory of Mortgage Securitization; Public Record Issues; Mortgagee is Usually Named as MERs; Assignment of Mortgage Not Until Default; Note Usually Names Original Lender as Payor; Separation of Promissory Note from Mortgage; UCC-3: & negotiable instruments (4 corner doctrine); UCC-9: & security instruments (requirement of written assignments; How Mortgages Are Securitized; Mortgage Securitizations: Private, Freddie Mac and FNMA; Understanding Tranches; REMIC Status; Credit Enhancements; Pooling and Servicing Agreement and the Investment Trusts; and much much more...Class AgendaFriday9AM – 10:30AMIntroductions: CFLA, Class, Instructor-Objectives for Course: Introductory course to mortgage securitization and the securitization audit process.Student will be able to perform audits where the name of the loan trust is known or obtainable from title records.-California State Assembly Bill No.Mortgage Foreclosure Consultants: loan audits-Video of Massachusetts Supreme Court Hearing-Real Estate Acquisition, the Mortgage Process, Securitization, Loan Servicing and Foreclosure-Set up PCs / conference and facility information / Q&ABreak 10:30AM – 10:45AM10:45AM – 12:30PM-Review of client information and recorded documents-Looking up a loan: Fannie Mae; Freddie Mac; MERS-Review of CFLA loan audit template for Level 2 audits – discussion of each major section-Report preparation standards / code of ethics-Discussion of the transaction parties to a loan securitization-The role of the SEC, investors and reviewing SEC documentsLunch 12:30PM – 1:45PM1:45PM – 5PM (break 3:30 – 3:45PM)-Walk-through of a Level 2 audit (report #1)(a) Gathering of documents(b) Completion of template as a class-Quiz/Drawing for book/DVD-Homework: review reading list; start on a new case (report #2); review Tim O’Reilly DVD PresentationSaturday9AM – 10:30AM-Discussion of homework / Q&A-Finish audit in class (report #2) with instructorBreak 10:30AM – 10:45AM10:45AM – 12:30PM-The need for securitization audits-Legal theory behind securitization audits: real parties in interest; MERS; chain of title-Work through another audit (report #3) or own or in small group; instructor observes and answers questionsLunch 12:30PM – 1:45PM1:45PM – 5PM (break 3:30 – 3:45PM)-Review of audit (report #3)-Begin next audit individually (report #4)Homework – email instructor audit (report #4) by 8AMSunday9AM – 10:30AM-Discussion of homework / Q&ABreak 10:30AM – 10:45AM10:45AM – 12Noon-Quiz/Drawing for book/DVD-Video-Overview of GSE audits-Q&ALunch 12Noon – 1PM-1PM – 3PM Final Exam (report #5)-3PM – 4PM Notary on site to provide certification / raffle / feedback form 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