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Follow on Google News | CFLA Announces Mortgage Securitization Auditor Training Certification in Las Vegas, NV; Feb 21-23CFLA, Inc has created a comprehensive training certification program entitled: Mortgage Securitization Auditor "MSA"- A 24-hour in-person intensive seminar held across the country.
By: CFLA, Inc Register online at www.CFLA.com or phone 888-758-CFLA (2352) 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 Residence Inn Las Vegas Hughes Center 370 Hughes Center Dr. Las Vegas, NV 89169 702-650-0040 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; Class Agenda Friday 9AM – 10:30AM Introductions: -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: -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 End
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