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
Location
Residence Inn Las Vegas Hughes Center
370 Hughes Center Dr.
Las Vegas, NV 89169
702-650-0040
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