Coming to Boca Raton, FL on May 18, 2012: Mortgage Securitization & Quiet Title & UCC (MCLE)

Mortgage Securitization and Quiet Title Workshop: Achieving Principal Reductions with Lenders by Creating Leverage (Attorney CLE 7 Hrs) will be presented by Davina Westerfield, Esq. in Boca Raton, FL on May 18, 2012.

Los Angeles, CA, May 03, 2012 --( Presented by the National Note Association, Inc. (Florida CLE Provider Number #270108), registration is $697.00 and available online through or by phoning their offices at 888-758-CFLA (2352).

Training Summary

Date: Friday, May 18, 2012

Time: 8:30 a.m. - 5:00 p.m.

Location: Hilton Deerfiefld Beach/Boca Raton, 100 Fairway Drive, Deerfield Beach, FL 33441

Room: Classroom style

Continuing Legal Education Credits: 7 hours (no ethics)

Pre-Approved CLE States: Florida – others in process of being determined; please call them so they can apply to get approval for your state.

Included: Continental Breakfast, Morning and Afternoon Break of Coffee/Tea/Soft Drink/Bottled Water Service. Lunch on own.

Seminar Speaker

Divina K. Westerfield, Esq.
Westerfield & Associates, Managing Attorney, Indianapolis Office
National Note Association, Inc., President

Attorney Divina Westerfield is active in real estate, mortgage notes, asset protection and securities law. Member of the Indiana Bar since 1984, Attorney Westerfield represented the major banks while a two year resident of Riyadh, Saudi Arabia following her graduation from Indiana University School of Law – Indianapolis, including such banks as Citibank, Chase, Deutsche, and GMAC. Upon her return to the U.S., she lived in Washington, D.C., and was a lobbyist and represented several countries as a Registered Foreign Agent and worked on government contracts. She later joined Davenport & Coates, a boutique corporate law firm that specialized in mergers & acquisitions and private placements. In 1991 she returned to her home state of Indiana after becoming a mom, and litigated cases with her own law firm for over 14 years. She invested in the Florida and Georgia real estate and note markets. She remains both an investor and an Indiana attorney, and teaches both investors and attorneys in all aspects of real estate, mortgage notes, quiet title and mortgage securitizations. She founded National Note Association in 2006 and remains its President. She maintains a real estate broker and mortgage originator licenses in the State of Florida.


Registration: 8:30 - 9:00 a.m.

Mortgage Securitization Presented by Divina K. Westerfield, Esq.: 9:00 -10:30 a.m.

-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 – question of Supreme Court cases vs. today’s decisions
-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
(a) Most Significant Issue: Closing Date of Trust
(b) Next Significant Issue: REMIC Requirements
(c) Whistleblower Status
(d) Percentage of Trusts that Are Likely Ineffective

Break: 10:30 - 10:45 a.m.

Securitization Audits Participants in Securitization are Identified: 10:45 a.m. - 12:15 p.m.

-Pooling and Servicing Agreement Requirements Of Note and Mortgage Transfers
-Significance of Transfer to MERS vs. Lender, then Depositor, then Sponsor/Seller, then Custodian and Trustee
-Securitization Audit Information

Lunch: 12:15 - 1:30 p.m.

Quiet Title Presented by Divina K. Westerfield, Esq.: 1:30 p.m. – 3:00 p.m.

There will be a Break 3:00 – 3:15 p.m. as we discuss the following topics:

-Current Cases that Resulted in Quiet Title (or Not)
-What is Quiet Title: Declaratory Judgment
-Seven Steps to Quiet Title Litigation
-Title Search – Public Record Search
-Forensic Loan & Securitization Audits
-Review of Federal protection in forensic loan audits to determine RESPA, TILA, etc. claims.
-Securitization audit determines additional defendants that may have interest in property.
-Qualified Written Request
-Demand Letter to Lender – including the "kitchen sink" – any credible and in good faith cause of action
-Complaint for Quiet Title
-Don’t hesitate to file action
-Creating Leverage
-Negotiations with Lien Holders and Parties of Interest

Summarize, Acknowledgements and Conclusions – How to Implement Moving Forward: 4:45 – 5:00 p.m.
Certified Forensic Loan Auditors, LLC
Andrew Lehman
1-888-758-CFLA (2352)
National Account Sales Office
13101 W Washington Blvd Suite 140
Los Angeles, CA 90066