CFLA, Inc Offers Mortgage Securitization Auditor Training Certification Class Oct 26-28 in New York, NY
CFLA, Inc has created a comprehensive training certification program entitled: Mortgage Securitization Auditor "MSA"- A 24-hour in-person intensive seminar held across the country.
- New York, NY (1888PressRelease) September 06, 2012 - CFLA was founded by Attorneys for Attorneys to provide a low cost litigation support service on matters of expertise within the industry. CFLA is a full service litigation support company serving more than 10, 000 Law Firms and Attorneys in all 50 States, with specially licensed Mortgage Backed Securities Analysis, training and support. 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.com
Pre-Registration is required and can be completed over the phone at 1-888-758-CFLA (2352), with Visa or Mastercard, or by Check. Registration forms will be emailed after payment is complete. Late Registration allowed until one week prior to course enrollment!
Location
Courtyard Long Island MacArthur Airport
5000 Express Drive S
Ronkonkoma (Long Island), NY 11779
631-612-5000
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.
Additional Topics
History 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 Agenda
Friday
9AM - 10:30AM
Introductions: CFLA, Class, Instructor
-Objectives for Course: Introductory course to mortgage securitization and the securitization audit process. Course provides industry recognized certification as a Mortgage Securitization Auditor. 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. 2325 re. 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&A
Break 10:30AM - 10:45AM
10:45AM - 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 documents
Lunch 12:30PM - 1:45PM
1:45PM - 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 Presentation
Saturday
9AM - 10:30AM
-Discussion of homework / Q&A
-Finish audit in class (report #2) with instructor
Break 10:30AM - 10:45AM
10:45AM - 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 questions
Lunch 12:30PM - 1:45PM
1:45PM - 5PM (break 3:30 - 3:45PM)
-Review of audit (report #3)
-Begin next audit individually (report #4)
Homework - email instructor audit (report #4) by 8AM
Sunday
9AM - 10:30AM
-Discussion of homework / Q&A
Break 10:30AM - 10:45AM
10:45AM - 12Noon
-Quiz/Drawing for book/DVD
-Video
-Overview of GSE audits / Bloomberg audits
-Q&A
Lunch 12Noon - 1PM
-1PM - 3PM FINAL EXAM (report #5)
-3PM - 4PM Notary on site to provide certification / raffle / feedback form
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