Achiever’s Session: Wednesday, January 11, 2017 PL Call

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Notes/Summary:

  • 2:58  Jesse Olson Case Study – Help with due diligence on NotesDirect asset #56758
    • 4:18  Review of the note
      • 5:38  APR versus interest rate and where to find each
    • 8:23  Looking for loan modification docs and verifying correct amount due
    • 10:32  Pictures of the property and review of the BPO
    • 12:48  Pay history review
      • 15:40  How we figured out that this is a reperforming loan
      • 16:52  What a forbearance agreement is
      • 18:15  We still haven’t explained why the current principal balance is more than the original
    • 20:41  Reviewing the list of collateral files that is on NotesDirect
    • 25:04  Always make sure you have assignments and allonges
    • 26:29  Reviewing the note again and checking math
    • 28:24  Review of the title report
      • 30:06  Mystery solved – loan fees were netted out
      • 31:15  What we can tell and can’t tell about the details of the reperformance of this note
    • 34:06  Review of servicing notes and how Kevin knew there was a forbearance involve
    • 36:57  Overall summary
  • 37:59  Kathy Golden Case Study – Help with due diligence on NotesDirect assets #56676 and #56838
    • 39:21  Taxes showing “homestead” – what does that mean?
    • 40:57  Environmental endorsements
    • 41:44  Fee simple – surface estate only
    • 45:35  Review of pay history
    • 49:30  Review of the note
    • 53:53  Review of pay history and crunching escrow numbers
    • 55:48  Due diligence is detective work
    • 59:19  Review of the 2nd note
    • 1:01:30  Reviewing the original recorded mortgage
    • 1:04:39  Review of the allonge
    • 1:06:43  Review of the title report
  • 1:09:15  Announcements – 2017 Titanium Office Visit Dates, Titanium Mastermind

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