Mortgage Securitization Auditor Training
October 24-26, 2014 | Los Angeles, CA
Location
EMBASSY Suites Lax Airport 9801 Airport Blvd., Los Angeles, Ca 90045 310-337-6028 310-417-8968 (fax)
The Mortgage Securitization Auditor Training Certification Class; Sponsored by Certified Forensic Loan Auditors "Cfla" is a comprehensive training certification program entitled:
"Mortgage Securitization Auditor "Msa"—A 24-hour in-person intensive seminar held across the country."
This is a professional development… Show more 'how-to' training, and does not imply any State or Federal Government affiliation.
Nationally Recognized by Courts, Judges, Banks, and Lawyers in 50 States.
Grant money may be available through the Us Department of Education, and/or Department of Veterans Administration (2011)
Certified Forensic Loan Auditors, LLC., located at 13101 W. Washington Blvd., Los Angeles, Ca 90066, has pioneered years of research & development to produce an intensive certification program entitled: Mortgage Securitization Auditor "Msa". Cfla recognizes the supreme importance of the pursuit of truth, devotion to excellence, and the nurture of the democratic principles. Cfla brings accountability, trust, intelligence and integrity to all parties involved in the mortgage loan audit process. These parties include, but are not limited to: processors, underwriters, closers, borrowers, sellers, loan auditors, attorneys, real estate agents, brokers and appraisers. The Mortgage Securitization Auditor accepts the responsibility to adhere to the highest ethical standards. Cfla Code of Ethics CFLA's Training provides the peace of mind that your credentials are accurately highlighted and recognized.
Objectives
Study and learn important topics related to Mortgage Securitization, 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, Bloomberg Screens, AbsNet lookups, and more.,
Complex analysis of how to obtain recorded documents, their significance, and to analyze the same
Complete (5) five full Mortgage Securitization Audits under the direct supervision of the Senior Auditor, including Chain of Title Reports, Robosigning analysis, Special Purpose vehicles analysis, and the Bloomberg Screenshots
Understand the complexities of form and substance related to Expert Witness Testimony and how to use your portfolio of Education and Experience to Educate Judges and Opposing Counsel on Securitization Issues, Chain of Title, and Robosigning
Receive a Certificate of Completion recognizing that you sufficiently meet the Cfla requirements necessary to be accredited as a "Mortgage Securitization Auditor"
Requirements
Must possess a Bachelors Degree or equivalent, including 5+ years of mortgage, real estate, underwriting, legal and/or securities experience
Must promptly attend and be present for a minimum of 24 hours of training.
Must satisfactorily pass a criminal background check/ Sex Offender Check [looking mostly for fraud, embezzlement]
Must satisfactorily pass the final examination at the end of the course. Trainees will know right on the spot!
Designed for...
All professionals in the mortgage, real estate, legal, auditing, finance, and/or accounting professions, or anyone involved in loan modifications, lender litigation, bankruptcy, short sales, banking, underwriting, processing or real estate law. Pricing
$1,995.00 for the 3-day course. You will also receive certificate of completion recognizing you as a CFLA-Mortgage Securitization Auditor. Benefits of the Course
Receive a Certificate of Completion recognizing that you sufficiently meet the Cfla requirements necessary to be accredited as a "Mortgage Securitization Auditor"
Maintain Students Records in a Nationwide searchable database to verify and validate certification for prospective employers
Learn from Industry's Leading Experts recognized in this field and having been admitted as Expert Witness in multiple Jurisdictions.
Obtain flowcharts, work product, and other proprietary trade secrets that have made millions for Certified Forensic Loan Auditors, its sponsors, and affiliates
Individualized Instruction in workshop environment with maximum of 15 student enrolled per class session to ensure the highest level of oversight on work product and development
Testimonials from Past Students
"It is a life-changing experience—both in knowledge and spirit." Guido Gil
"If you open your mind and listen, they will lead you to the promised land. Very educational and will enhance my business forever." Corey Davinport
"Buckle your seats belts, you’re in for a real treat! Your in for the greatest information of the Information Age!!" Kymosh Myrick
"If you have but one thing you do to further your education, make it this course. This is something that can be utilized in almost every real estate situation that exist today. What you can do with the information you learn will change lives." Carlos J. Rice Perez, Esq.
"This was an outstanding training. If you want to learn Securitization and become and auditor, this is the class for you!" Craig Barrett
"This class will change the direction of your life as a professional. It offers a gateway into the world of securitization and inherently valuable navigation tools to uncover the lack of integrity being performed in secondary investor trusts. This class is for anyone, but highly benefits professionals of foreclosure proceedings. Thank you Cfla! Thank " Michal Y. Valdez
"My expectations were exceeded. I have been a Real Estate professional since 1993 and have simply followed guidelines established. This course has opened my eyes to all the reasons of 'why'." Michael Bakkers
"CFLA is one of the only business entities offering a one-stop shop where an attorney can get education, pleadings, research and practice support in the field of foreclosure defense. The attorney networking opportunities provided by Cfla are very valuable." Charles Christmas, Esq.
"The class was extremely informative. The instructors were exceptional. I will use this information in all my reports, which in turn will help my clients." Rhonda Arellano
"Everyone in life has a mission and a purpose. It’s a matter of actually finding out what your purpose is. This class was the missing piece of the puzzle for me. I can now do what so many have attempted and failed. Help every and anyone who has the motivation to help themselves to be not only successful in my own mission, but also be able to help others accomplish theirs." Cecelia Moreno
"This course was the missing link in putting together all the knowledge I’ve already been accumulating, but was not able to assimilate into a prosecutable document for submission which an attorney can use in litigation. Thanks!" Warren D. Goldstein
"Although I have prior experience of 20 years of Mortgage Banking and Real Estate, this class has given me a comprehensive edge over the average attorney and ultimate foreclosure defense! Thank you for taking me to the top." Kartika Kelley
"Attorneys, Brokers, Loan Officers and others definitely need to get certified from the Certified Forensic Loan Auditors. It’s a very, very powerful tool to use it against predatory Lending Act violation when banks violate the law." Edna Franco
"I came in to this class wanting to do professional, competent, and comprehensive forensic loan audits and that is exactly what this class has done for me! As a mortgage professional looking to sustain myself in this career field, I have found that this class has opened up a wealth of opportunities for me and was easily worth the time and money." Mark Martinez
Securitization Training Outline
First, a revision of all pre-class reading material list, including handouts for each session, brochures, training survey forms, and securitized analysis report templates that will be worked on in each session.
Docedge.com will be purchased by Cfla for usage in the class.
CFLA will provide an electronic securitized analysis report template for each student.
Overhead projector and PowerPoint type presentation slide show sequence demonstrating the segments of the report with flow charts and samples of how to perform each portion.
Important to "define" the purpose of the investigation of the mortgage background to determine whether securitization has been followed by the terms of the PSA/prospectus.
Divide sessions into Six (6) segments for the first two days which model the six sections of the SAR.
Work in small groups to perform 5 practice audits (Sar) during the courses first 2 days
At the end of the each day, the student will take home a securitized analysis report assignment to prepare using a Cfla template.
On the third day instructors will provide video education to all students while separately meeting with each student to review the securitized analysis report prepared by the student and answer individual questions.
On the last half of the third day the student will prepare a securitized analysis report in class as a practical examination to be certified by CFLA.
Topics Covered Include:
Overview of Securitization
Terminology
Borrowers Documents
SEC Search Techniques
SPV search
MERS search
GSE search
Assignment[s]
ROBO SIGNERS
Chain of Title
Fraud Analysis
HAMP
Notice of Defaults & Foreclosure Process
Public Record Documents & Retrieval
Separation of Note from Mortgage
UCC-3 Negotiable Instruments
UCC-9 Security Instruments
Private Trusts
Government Trusts
Fannie Mae & Freddie Mac
REMIC Status
CUSIP
Credit Enhancements
Pooling & Servicing Agreements
Prospectus
Credit Default Swaps
Investment Trusts
Overview of Bloomberg Terminal[s]
Overview of Abs Net
Doc Edge record retrieval
Title Company Abstracts
And much, much more…
Class Agenda / Syllabus 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.
Attorney Tim O’Reiley on the Legal Issues in the Profession of Securitization Auditing (DVD)
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)
Gathering of documents
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, Esq 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 forms
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