EFFECTIVE RESULTS

Mortgage Banking

LEADERSHIP: Richard P. Eckman and Audrey D. Wisotsky

Representative Engagements:

  • licensing of mortgage lenders nationwide
  • preparing program documents for nationwide mortgage lenders’ correspondent purchase programs
  • representing mortgage lenders with respect to agreements with master servicers
  • preparing 50-state surveys of state laws and regulations affecting mortgage lending activities
  • representing various banks and financial service companies with respect to the bulk purchase of mortgage loans
  • representing banks, thrifts and financial services companies in secondary mortgage market transactions, including the sale and purchase of mortgage loan portfolios and servicing agreements
  • preparing comprehensive loan documentation, including state and federal disclosures
  • negotiating outsourcing agreements with third parties and servicers
  • advising clients on all aspects of securitization of mortgage loans, including reconstituted servicing agreements and related issues in connection with the securitization of mortgage loans including conduits
  • preparing and negotiating warehouse lending agreements
  • advising clients regarding the issues facing subprime lenders and their financial challenges
  • representing a large foreign bank on its entry into the national mortgage market for high net worth individuals
  • representing one of the largest private banking groups of a top financial holding company regarding all aspects of its national mortgage lending program to high net worth individuals
  • regulatory mortgage lending audits and reviews.