Tuesday, December 18, 2012

Securitization Flow Chart

Here is a flow chart showing how your promissory note and mortgage SHOULD be entered into a trust fund  on one side and then how it usually was done on the other. Just fill in the names and dates where applicable. Please note, I take no credit for this as it was illustrated by Bradley Walker on 9/28/12 and researched by Joseph Esquivel at MCI. Both did an excellent job at depicting what happens during the securitization process. 
Kudos gentlemen!

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