CERTIFIED FORENSIC LOAN AUDITORS, LLC
2600 S Shore Blvd., Suite 300, League City, TX 77573
13101 West Washington Blvd., Suite 444, Los Angeles, CA 90066
Phone: 888-758-2352; facsimile 310-388-0175
[email protected]
www.CertifiedForensicLoanAuditors.com
CFLA BLOOMBERG PROPERTY
SECURITIZATION ANALYSIS REPORT
TMPrepared for:
NAME OF CLIENT
For Property Address
LEIXLIP KILDARE
Prepared on:
Date in 2020
SECTION 1: TRANSACTION DETAILS
BENEFICIARYNAME OF CLIENT
CURRENT ADDRESS SUBJECT ADDRESS
LEIXLIP KILDARE LEIXLIP KILDARE
TRANSACTION PARTICIPANTS
INSURERS NAME SERVICER ACCOUNT NO.
NOT AVAILABLE IRISH LIFE & PERMANENT PLC.
0000003XXXX
ORIGINATOR AMOUNT TERM
IRISH LIFE &
PERMANENT PLC. EUR 625,000.00
SECTION 2: SECURITISATION PARTICIPANTS
ORIGINATOR SPONSOR/SELLER UNDERWRITTER
IRISH LIFE & PERMANENT PLC. 56-59
ST. STEPHEN’S GREEN, DUBLIN 2
PERMANENT TSB PLC CITIBANK EUROPE PLC,
UK BRANCH
ISSUING ENTITY NOTE TRUSTEE/
SECURITY TRUSTEE MASTER SERVICER
GLENBEIGH SECURITIES 2018-1 BNY MELLON CORPORATE TRUSTEE SERVICES LIMITED PEPPER FINANCE CORPORATION (IRELAND)
PAYING AGENT (role includes holding of Transaction Documents)
MATURITY DATE ISSUE DATE
THE BANK OF NEW YORK MELLON,
TRANSACTION OVERVIEW
The information set out below is an overview of various aspects of the transaction. This overview is not purported to be complete and should be read in conjunction with, and is qualified in its entirety by references to, the detailed information presented elsewhere in this Prospectus.
The entire issued share capital of the Issuer is legally owned by Wilmington Trust SP Services (Dublin) Limited (the "Share Trustee") on discretionary trust, the benefit of which is expressed to be for charitable purposes.
Regulation of Credit Servicing Firms
Credit servicing of loans such as residential mortgage loans is a regulated activity under the Central Bank of Ireland Act 1997, as amended by the Consumer Protection (Regulation of Credit Servicing Firms) Act 2015 (the "CBA 1997"). A firm that carries on credit servicing should be authorised as a "credit servicing firm" pursuant to the CBA 1997. Where the purchaser of a loan portfolio appoints an appropriately regulated credit servicing firm to service the relevant loans neither the loan purchaser nor any related securitisation vehicle through which the loans are securitised is required to be separately regulated. The Issuer has appointed the Master Servicer and the PTSB Delegated Servicer to service the Mortgage Portfolio. Each of the Master Servicer and the PTSB Delegated Servicer is authorised as a retail credit firm under the CBA 1997 and is therefore authorised to service the Mortgage Portfolio under the CBA 1997.
The requirement that a servicer be authorised as a credit servicing firm may limit the number of potential replacement servicers and may make it more difficult or costly to find a replacement servicer if the appointment of the Servicer were terminated, which could adversely affect the timing or the amount of payments on the Notes.
In the event of an Enforcement Notice being delivered or the occurrence of such other event that results in a transfer of legal title to the Mortgage Portfolio to the Issuer or the Trustee as described in "Sale of the Mortgage Portfolio under the Mortgage Sale Agreement", neither the PTSB Legal Title Holder nor the Pepper Legal Title Holder would any longer be the lender with respect to the Mortgage Portfolio. However, the Regulations provide that provided Permanent TSB acts as PTSB Delegated Servicer or the Master Servicer acts as master servicer in relation to the Mortgage Portfolio, it will be regarded as the qualifying lender for the purpose of the TRS Scheme. Alternatively, it can nominate the securitisation vehicle to which the Mortgage Portfolio was transferred (the Issuer), or its agent (the Trustee or another nominee) as a qualifying lender for the purpose of the TRS Scheme. Each of the Master Servicer and the PTSB Legal Title Holder has covenanted in the Master Servicing Agreement or PTSB Delegated Servicing Agreement (as applicable) that if it is replaced in such capacity or if the Security under the Deeds of Charge is enforced, it will appoint such person as may be selected or approved by the Issuer and the Trustee as a qualifying lender for the purposes of the TRS Scheme. The Pepper Legal Title Holder Security Power of Attorney and PTSB Legal Title Holder Security Power of Attorney will enable the Issuer and, following an Enforcement Notice, the Trustee to make this nomination on behalf of the Master Servicer or Permanent TSB (as applicable) as its attorney.
Article 8b of CRA3 became effective on 1 January 2017 and requires the originator, the issuer and the sponsor to comply with certain disclosure and reporting requirements. Due to delay in set-up of the European Securities and Marketing Authority ("ESMA") website, originators, issuers and sponsors have not yet been required to comply with such requirements. Article 8b of CRA3 will be repealed and replaced by the new disclosure requirements pursuant to the Securitisation Regulations (defined below). On 28 December 2017, Regulation (EU) 2017/2042 of the European Parliament and of the Council of 12 December 2017 (the "Securitisation Regulation") and the associated Regulation (EU) 2017/2401 of the European Parliament and of the Council of 12 December 2017 (the "CRR Amending Regulation", and together with the Securitisation Regulation, the "Securitisation Regulations") were published in the Official Journal of the European Union.
The majority of the Securitisation Regulations will not apply to the Notes as it will apply only to securitisations, the securities of which are issued on or after 1 January 2019. However, the CRR Amending Regulation will apply to securities issued prior to 1 January 2019.
The Securitisation Regulations provide, in a securitisation context, that qualifying simple, transparent and standardised ("STS") securitisations should be subject to less onerous capital treatment; that certain aspects of existing legislation (including the Solvency II Regulation and AIFMR) should be repealed and replaced with a single EU-wide securitisation regulation; and that the onus of demonstrating that a securitisation meets STS criteria is not solely the responsibility of the originator.
The Securitisation Regulations also include revised risk retention and transparency requirements (now imposed variously on the issuer, originator, sponsor and/or original lender of a securitisation), new due diligence requirements imposed on certain institutional investors in a securitisation and a ban on the securitisation of self-certified loans. In general, the requirements imposed under the Securitisation Regulations are more onerous and have a wider scope than those imposed under current legislation.
Notably, the risk weights attached to securitisation exposures for credit institutions and investment firms will in general increase substantially under the new securitisation framework implemented under the Securitisation Regulations. Investors should carefully consider (and, where appropriate, take independent advice) in relation to the capital charges associated with an investment in the Notes. In particular, investors should carefully consider the effects of the change (and likely increase) to the capital charges associated with an investment in the Notes for credit institutions and investment firms expected to take effect from 1 January 2020. These effects may include, but are not limited to, a decrease in demand for the Notes in the secondary market, which may lead to a decreased price for the Notes and may also lead to decreased liquidity and increased volatility in the secondary market.
Eurosystem eligibility
The Global Notes are intended to be held in a manner which will allow Eurosystem eligibility. This means that such Global Notes will, upon issue, be deposited with a Common Safekeeper for Euroclear and Clearstream, Luxembourg and registered in the name of a nominee of the Common Safekeeper and does not necessarily mean that the Notes or Class V Notes will be recognised as eligible collateral for Eurosystem monetary policy and intra-day credit operations by the Eurosystem (Eurosystem eligible collateral) either upon issue or at any or all times during their life. Such recognition will depend upon satisfaction of the Eurosystem eligibility criteria. The Issuer gives no representation, warranty, confirmation or guarantee to any investor in the Notes or Class V Notes that they will, either upon issue or at any time prior to redemption in full, satisfy all or any of the requirements for Eurosystem eligibility and be recognised as Eurosystem eligible collateral. Any potential investor in the Notes or Class V Notes should make their own conclusions and seek their own advice with respect to whether or not the Notes or Class V Notes constitute Eurosystem eligible collateral.
Volcker Rule
The Issuer is of the view that it should not be an "investment company" for the purposes of the U.S. Investment Company Act of 1940, as amended (the "1940 Act") because of the exemption provided under Section 3(c)(5)(C) of the 1940 Act. Consequently, the Issuer is of the view that it is not now, and following the issue of the Notes and the application of the proceeds, will not be, a "covered fund" (under the regulations adopted to implement section 619 of the Dodd-Frank Wall Street Reform and Consumer Protection, or the "Dodd-Frank Act", (commonly known as the "Volcker Rule").The Volcker Rule generally prohibits "banking entities" (which is broadly defined to include U.S. banks and bank holding companies and many non-U.S. banking entities, together with their respective subsidiaries and other affiliates) from (i) engaging in proprietary trading, (ii) acquiring or retaining an ownership interest in or sponsoring a "covered fund" and (iii) entering into certain relationships with such funds. The Volcker Rule became effective on 1 April 2014 but was subject to a conformance period for certain funds which concluded on 21 July 2015. Under the Volcker Rule, unless otherwise jointly determined otherwise by specified federal regulators, a "covered fund" does not include an issuer that may rely on an exclusion or exemption from the definition of "investment company" under the 1940 Act other than the exclusions contained in Section 3(c)(1) and Section 3(c)(7) of the 1940 Act. The general effects of the Volcker Rule remain uncertain. Any prospective investor in the Notes, including a U.S. or foreign bank or a subsidiary or other affiliate thereof, should consult its own legal advisors regarding such matters and other effects of the Volcker Rule.
OVERVIEW OF THE MORTGAGE PORTFOLIO AND ADMINISTRATION
Please refer to the section entitled "The Mortgage Portfolio – The Mortgage Loans", "The Mortgage Portfolio — Statistical Information on the Provisional Mortgage Portfolio" and "The Master Servicer, the Servicer and the Servicing Agreement" for further detail in respect of the characteristics of the Mortgage Portfolio and the sale and the servicing arrangements in respect of the Mortgage Portfolio.
Sale of Mortgage Portfolio
The Mortgage Portfolio will consist of the Mortgage Loans and the Related Security which will be sold by the Seller to the Issuer on the Closing Date pursuant to the Mortgage Sale Agreement. The sale will be given effect by a transfer of the beneficial title to the Mortgage Loans, by way of an equitable assignment of Mortgage Loans secured over properties in Ireland. The terms "sale", "sell" and "sold" when used in this Prospectus in connection with the Mortgage Loans and their Related Security shall be construed to mean each such creation of an equitable interest and such equitable assignment and the beneficial interest created under and pursuant to the Mortgage Sale Agreement, as applicable.
The Mortgage Loans and Related Security are governed by the laws of Ireland.
Please refer to the section entitled "Sale of the Mortgage Portfolio under the Mortgage Sale Agreement" for further information.
Certain features of the Mortgage Loans as at 30 September 2018 are set out in the table below and investors should refer to, and carefully consider, further details in respect of the Mortgage Loans set out in "The Mortgage Portfolio – Statistical Information on the Provisional Mortgage Portfolio". The Mortgage Loans comprise (i) loans made to either home loan or buy-to-let to Borrowers who were made the subject of an alternative payment arrangement (in each case, a "Restructuring" and the agreement relating to such Restructuring a "Restructuring Agreement") and (ii) loans made to either home loan or buy-to-let to Borrowers secured on the same Property as a loan that is or has been subject to a Restructuring. All loans are secured by first priority charges over freehold and leasehold properties in Ireland. The types of alternative payment arrangement are:
1. Split Mortgage Loans: € 906,983,151.56; and
Repurchase of Mortgage Loans
The Seller shall repurchase any Mortgage Loan and its Related Security upon material breach of any of the representations or warranties given by the Seller on the Closing Date, which occurs within three years from the PTSB-Pepper Legal Title Transferor Obligations Date (the "Loan Warranty Period") and (i) is not capable of remedy or is not remedied within 30 Business Days of being notified by the Issuer and (ii) the Seller has not provided an indemnity against any loss suffered by reason of such material breach.
The maximum aggregate liability of the Seller in respect of Rights of Set-Off, any breach of a Mortgage Loan Warranty, Tracker Remediation Mortgage Loans and PPI Loans shall be limited to (a) 30 per cent. of the Initial Consideration in respect of any and all Relevant Claims other than Fundamental Relevant Claims, and (b) 100 per cent. of the Initial Consideration in respect of Fundamental Relevant Claims.
Where the Seller is notified by the Issuer that any Mortgage Loan has become a Tracker Remediation Mortgage Loan, Permanent TSB will be required to either repurchase such Mortgage Loan and its Related Security or to provide an indemnity to the Issuer in respect of any losses that the Issuer suffers as a result of such Mortgage Loan becoming a Tracker Remediation Mortgage Loan.
PERMANENT TSB PLC
Permanent TSB plc ("Permanent TSB" or "PTSB") (formerly Irish Life & Permanent plc) and its affiliates (together, the "Group") is a leading provider of retail financial services in the Irish domestic market. The group formed in 1999 from the merger of Irish Life plc, the largest life and pensions group in Ireland and Irish Permanent plc, a leading provider of retail financial services in Ireland. In 2010 the Group was restructured and Permanent TSB Group Holdings plc became the new parent and holding company for the Group. The new structure had the same capital structure, board and management team as Irish Life and Permanent plc and the business ethos and business activities remained the same.
In 2012 the Group disposed of the Irish Life businesses (the "Life Group") to the Minister for Finance. Following the sale of the Life Group the Group's strategic focus is to be a retail bank focused on the Irish consumer which will be both competitive and profitable.
Permanent TSB Group Holdings plc (formerly Irish Life & Permanent Group Holdings plc), the holding company of the Group, is 74.92 per cent. owned by the Irish Government and is listed on Euronext Dublin's Main Securities Market (the "MSM") in Dublin.
https://www.centralbank.ie/docs/default-source/regulation/prospectus-regulation/2018/prospectusdoc-2018-11/319623-prospectus.pdf?sfvrsn=4
SECTION 3: REPOSSESSION
Recorded Events on the Note including repossession issues and Securitization
Recorded Chain of Mortgage Possession Chain of Note Possession
Date Date Note Holder
Official Records, Land Registry
DUBLIN
NAME OF CLIENT (Beneficiary)
IRISH LIFE & PERMANENT PLC. (Seller)
November xxxxxx
IRISH LIFE & PERMANENT PLC. (Seller) Principal Amount: EUR 625,000.00 Account No: xxxxxx December xxxxxx GLENBEIGH SECURITIES 2018-1 Principal Amount: EUR 625,000.00
Source: Client-provided loan offer and land registry records.
REPORT SUMMARY
Securities Instrument and Legal Charge: On November xxxxxx, Debtor NAME OF CLIENT executed a Mortgage and a security interest in the amount EUR 625,000.00. This document was filed as new Folio Number in the Official
Records of the Land Registry, DUBLIN. The originator of the promissory note is Irish Life & Permanent plc.
Securitization (The Note):
The NOTE may have been sold, transferred, assigned and securitized into the Glenbeigh Securities 2018-1 with an Issue Date of December 04, 2018.
BLOOMBERG SEARCH SECTION
On Date in 2020, I researched the Bloomberg online Database at the request of Certified Forensic Loan Auditors, LLC on behalf of NAME OF CLIENT whose property address is noted herein above. The Loan Level Data search conducted using Bloomberg’s terminal did not reveal matching characteristics based on the Original Amount: EUR 625,000.00; Origination Date: on or after November xxxxxx; Location of Property: LEIXLIP KILDARE; Examiner did, however, locate a prospective securitization that matches the characteristics for the possibility of securitizing this loan. This trust is described as the GLENBEIGH SECURITIES 2018-1. The Seller and Servicer is PERMANENT TSB PLC.
Other possibilities for the location of this instrument are in the portfolio of loans held in inventory or for sale by IRISH LIFE & PERMANENT PLC. While the IRISH LIFE & PERMANENT PLC. originated the instrument, they or a subsequent purchaser may not have recorded their interest in the instrument or to a buyer pursuant to the requirements of United Kingdom Commercial Law, the Statute of Frauds and any equivalents of the DUBLIN Uniform Commercial Code.
IRISH LIFE & PERMANENT PLC. or other affiliates may also have placed the instrument into a private placement securitization exempt from SEC or other public reporting requirements and which was not reported to Bloomberg, LP; or for which IRISH LIFE & PERMANENT PLC. or other affiliates used as secured borrowings to raise additional funds.
GROUP SUMMARY
COLLATERAL CHARACTERISTICS
STRUCTURED FINANCE NOTES SCREEN Lists of the primary transaction parties.
VIEW ALL CLASSES
CONCLUSION CHAIN OF TITLE CERTIFICATES DEED OF MORTGAGE &
CHARGE PROMISSORY NOTE NAME OF CLIENT BENEFICIARY TRUSTOR MORTGAGOR/MORTGAGER GRANTOR TITLE ATTORNEY / CONVEYANCER DUBLIN MAINTAINS ASSIGNMENT HISTORY
DEED OF MORTGAGE ISSUED TO
SPLIT FROM NOTE
MONTHLY PAYMENTS
NOTE WAS SPLIT FROM THE DEED NOTE WAS ASSIGNED
& TRANSFERRED
PEPPER FINANCE CORPORATION (IRELAND)
MASTER SERVICER Aggregates Collection; Performs Duties under Trust’s Pooling & Servicing Agreement
IRISH LIFE & PERMANENT PLC.
ORIGINATOR
CITIBANK EUROPE PLC, UK BRANCH (UNDERWRITERS)
SELLS CERTIFICATES TO INVESTORS; COLLECTS OFFERING
PROCEEDS
CERTIFICATES PERMANENT TSB PLC
SELLER Creates Issuing Entity
(No Depositor in this case) CERTIFICATES OFFERING PROCEEDS BNY MELLON CORPORATE TRUSTEE
SERVICES LIMITED
TRUSTEE FOR THE TRUST Represents Investors’ Interests; Calculates Cash Flows; Remits Net
Revenues
BANK OF NEW YORK MELLON
PAYING AGENT Including Document Custody
INVESTORS Purchase Securities as defined in Certificates GLENBEIGH SECURITIES 2018-1 TRUST FUND ISSUING ENTITY Holds pool of Securities; issues
certificates
ARROW LEGEND
PURPLE – MORTGAGE DOCUMENTS
BLUE – SECURITIES CERTIFICATES
RED – INVESTOR FUNDS
GREEN – BENEFICIARY FUNDS
For traditional lending prior to Securitization, the original Deed recording was usually the only recorded document in the Chain of Title. That is because banks kept the loans, and did not sell the loan, hence, only the original recording being present in the banks name.
The advent of Securitization, especially through “Private Investors” and not Fannie Mae or Freddie Mac, involved an entirely new process. With Securitization, the Notes and Deeds were sold once, twice, three times or more. Using the traditional model would involve recording new Assignments of the Deed and Note as each transfer of the Note or Deed occurred. Obviously, this required time and money for each recording.
(The selling, assigning or transferring of the Note is not to be confused with the selling of Servicing Rights, which is simply the right to collect payment on the Note, and keep a small portion of the payment for Servicing Fees. Usually, when a homeowner states that their loan was sold, they are referring to Servicing Rights.)
Securitizing a Loan
Securitisation is the process of selling credit instrument to Wall Street and private investors. it is a method with many issues to be considered. The methodology of securitization generally followed these steps:
A Wall Street firm would approach other entities about issuing a “Series of Bonds” for sale to investors and would come to an agreement. In other words, the Wall Street firm “pre-sold” the bonds.
The Wall Street firm would approach a bank and usually offer them a warehouse Line of Credit. The Warehouse Line would be covered by restrictions resulting from the initial Pooling & Servicing Agreement Guidelines and Mortgage Loan Purchase Agreement. These documents outlined the procedures for the creation of the notes and the administering of the notes prior to, and after, the sale of the notes to Wall Street.
The Bank, with the guidelines, essentially went out and found “buyers” for the notes, people who fit the general characteristics of the Purchase Agreement. (Guidelines were very general and most people could qualify.” The Bank would execute the notes, collecting
payments until there were enough notes funded to sell to the Wall Street firm who could then issue the bonds.
Once the necessary notes were funded, the Originator would then sell the notes to the “Sponsor”, usually either a subsidiary of the Wall Street firm, or a specially created Corporation or Special Purpose Vehicle (SPV) of the bank. At this point, the notes are separated into “tranches”, where they will be eventually turned into bonds.
Next, the notes were “sold” or most usually assigned” to the “Depositor.” This was a “Special Purpose Vehicle” designed with one purpose in mind. That was to create a “bankruptcy remote vehicle” where the Bank or other entities are protected from what might happen to the notes, and/or the notes are “protected” from the Bank. The “Depositor” would be, once again, created by the Wall Street firm or the notes.
Then the “Depositor” would assign the instruments into the Issuing Entity, which is another entity created solely for the purpose of selling the bonds.
Finally, the bonds would be sold, with a Trustee appointed to ensure that the bondholders received their monthly payments.
IRISH LIFE & PERMANENT PLC. was a “correspondent originator” that originated notes. These notes, in turn, may have been sold and transferred into a “securitization” trust.
The note originated from IRISH LIFE & PERMANENT PLC. may have been sold, assigned or transferred to a securitized trust. There is no record of Assignments to either the Sponsor or Depositor as required by the Pooling and Servicing Agreement.
Note: References to securitization should be considered equivalent to securitisation. Date references are in month, date, year format.
DISCLAIMER
This report was based exclusively on the documentation provided. It also required that we make reasonable assumptions respecting disclosures and certain loan terms that, if erroneous, may result in material differences between our findings and
the loan’s actual compliance with applicable regulatory requirements. While we believe that our assumptions provide a reasonable basis for the review results, we make no representations or warranties respecting the appropriateness of our assumptions, the completeness of the information considered, or the accuracy of the findings. The contents of this report are being provided with the understanding that we are not providing legal advice, nor do we have any relationship, contractual or otherwise, with anyone other than the recipient. We do not, in providing this report, accept or assume responsibility for any other purpose.
AFFIDAVIT OF FACTS STATE OF TEXAS )
) sv.: AFFIDAVIT
COUNTY OF GALVESTON )
RE: NAME OF CLIENT
I, ANDREW LEHMAN, a citizen of the United States and the State of TEXAS over the age of 21 years, and declare as follows, under penalty of perjury that the facts stated herein are true, correct and complete. The undersigned believes them to be true and admissible as evidence in a court of law, and if called upon as a witness, will testify as stated herein:
1. I have utilized the Bloomberg Professional Service for more than 10 years, and I was Certified in (2012) by Bloomberg, LP through Ambassador Program (40 hours) CFLA (AMS) I have completed the required training and engaged in continuing education with Bloomberg – both online and at Bloomberg live training events, to stay abreast with Bloomberg’s latest progress and developments. I have the requisite knowledge and the trained ability to navigate and perform effective searches on the Bloomberg terminal.
2. I am an Expert Analyst on Residential Mortgage Backed Securities Data and my qualifications, expertise and experience provide me with the background necessary to certify the audit services and to be qualified as an expert in this field. I have led instruction and completed more than 1,000 hours of live instruction for students on the topic of residential mortgage backed securities and Mortgage Securitization Auditing. I have supervised the production of more than ten thousand (10,000) Securitized Analysis Reports in residential real estate mortgage investigation in 50 states, the District of Columbia, Puerto Rico, the United Kingdom, Ireland, South Africa, and Australia. I have supervised expert witness testimony of my staff members
including Michael Carrigan as an Expert Witness in Court on more than 20 occasions, and have trained auditors in California, Florida, Nevada, New York, New Jersey, Texas and Virginia and via the Internet in webinar format. I have a Bachelor’s of Business Administration Degree with concentration in Finance from the University of Houston; and I have a Juris Doctor Degree from West Coast College of Law (2006). I am currently not a member of the State Bar of Texas.
3. I have the trained skills and qualifications to navigate and perform searches on the Bloomberg terminal in regards to the automated tracking and determination of mortgage and loan related documents and information.
4. The contents of this report are factual, but it is provided for information purposes only and is not to be construed as “legal advice.”1
1The client has been strongly advised to seek legal consultation from a competent legal professional in connection with
the contents of this report and how to properly use it.
5. On December 18, 2019, I researched the Bloomberg online Database at the request of NAME OF CLIENT whose property address is LEIXLIP KILDARE.
6. Based on the information I was provided, NAME OF CLIENT signed a Promissory Note in favor of IRISH LIFE & PERMANENT PLC. on November XXXX.
7. Loan level detail was not identified in any publicly reporting trust. A trust meeting the qualifications for securitization is identified as the GLENBEIGH SECURITIES 2018-1 with the Seller and Master Servicer being PERMANENT TSB PLC.
8. The basis of the identification of Loan in GLENBEIGH SECURITIES 2018-1 was made from the following factors/information that correspond with NAME OF CLIENT’S loan documents provided: Original Amount: EUR 625,000.00; Origination Date: November XXXX; Location of Property: Dublin; Type Loan: Conventional 20 Year Interest Rate: XXX%.
______________________________________________________________ ANDREW LEHMAN
Certified Mortgage Securitization Auditor / Bloomberg Specialist
STATE OF TEXAS )
) sv.: AFFIDAVIT
COUNTY OF GALVESTON )
On ____________, 2020 before me, _________________________________________ (Notary Public)
personally appeared ANDREW LEHMAN, who proved to me on the basis of satisfactory evidence to be the man whose name is subscribed to the within instrument and acknowledged to me that he executed the same in his authorized capacity, and that by his signature on the instrument the person, or the entity upon behalf of which the person acted, executed the instrument under the penalty of perjury.
I certify under PENALTY OF PERJURY under the laws of the State of Texas that the foregoing paragraph is true and correct.
A Notary public or other completing this certificate verifies only the identity of the individual who signed the document, to which this certificate is attached, and not the truthfulness, accuracy, or validity of that document.
WITNESS my hand and official seal.
