This replay focuses on the structure and transfer of mortgage loans, breaking down how endorsements and assignments determine who has the legal right to enforce a note. We will cover how endorsements function under UCC Article 3 and how assignments interact with UCC Article 9, along with the role of Pooling and Servicing Agreements (PSAs) and REMIC requirements.
You’ll learn how to identify gaps, inconsistencies, and potential issues within loan documents, including broken chains of title and improper transfers. This class is designed to give you a clear, practical understanding of how these instruments are supposed to work—and what it means when they don’t.
What this class includes:
• What endorsements and assignments really are
• How UCC Articles 3 and 9 apply to your loan
• Why assignments matter under the REMIC tax code
• What to look for inside a Pooling and Servicing Agreement
• The different types of endorsements and how a mortgage should be assigned properly
• Case law that helps you challenge void assignments
This replay focuses on the structure and transfer of mortgage loans, breaking down how endorsements and assignments determine who has the legal right to enforce a note. We will cover how endorsements function under UCC Article 3 and how assignments interact with UCC Article 9, along with the role of Pooling and Servicing Agreements (PSAs) and REMIC requirements.
You’ll learn how to identify gaps, inconsistencies, and potential issues within loan documents, including broken chains of title and improper transfers. This class is designed to give you a clear, practical understanding of how these instruments are supposed to work—and what it means when they don’t.
What this class includes:
• What endorsements and assignments really are
• How UCC Articles 3 and 9 apply to your loan
• Why assignments matter under the REMIC tax code
• What to look for inside a Pooling and Servicing Agreement
• The different types of endorsements and how a mortgage should be assigned properly
• Case law that helps you challenge void assignments