Mortgage-backed Securities: Who Knew it Could be So Easy?

About This Course

The Mortgage-backed Securities: Who knew it could be so easy course provides a comprehensive introduction to one of the most complex security types in the US marketplace. You will gain a solid understanding of the characteristics, structural features, and cash flow dynamics of mortgage-backed securities.

Throughout the course, you will explore the background of the mortgage-backed securities market, including an overview of the marketplace and its key players. The course also covers asset-backed securities and their mechanics, as well as the roles of various entities involved in buying and trading these instruments.

Course Outline

Material is divided into 2 content modules with knowledge checks.

• Section 1: Background
  • A Look at the Marketplace and Its Participants
  • What are Asset Backed Securities and How Do They Work?
• Section 2: Who Buys Asset Backed Securities and How are They Traded?

Course Instructor

Duane Lee, CFIRS™, CTOP™, AIF®, AFIM™

Duane E. Lee, II serves as an Executive Vice President with Cannon Financial Institute. With extensive expertise in the Fiduciary Services Industry, Duane believes that rules of engagement are not merely guidelines but valuable tools that, when executed properly, drive increased shareholder value, employee performance, and client satisfaction.

Duane has served the financial services industry in various roles. His career highlights include serving as a Board Member of an independent trust company, an Administrative Vice President in charge of trust administration and securities operations at a large regional bank, a Senior Vice President and Trust Executive managing a trust company supporting a seven-member bank holding company, and a National Trust Examiner with the Office of the Comptroller of the Currency. This unique combination of experiences provides both a balanced and focused instructional approach.

In addition to his rewarding career, Duane is an accomplished pilot. He and his wife, Sue, enjoy spending time with their two charming grandchildren and maintain a passion for the outdoors.

Who Should Enroll and Why

Securities Operations Personnel will be better equipped to handle tasks such as trade processing, settlement, and reconciliation by gaining knowledge of the characteristics, structural features, and cash flow dynamics of mortgage-backed securities. This course will enhance your ability to effectively manage and support the operational aspects of mortgage-backed securities transactions, which are a significant component of the securities market.

Audit Personnel will be better positioned to assess and evaluate the controls, processes, and compliance aspects related to mortgage-backed securities by gaining insights into the marketplace, participants, and the various types of these instruments. This course will provide you with the necessary knowledge to conduct thorough audits and identify potential areas of concern in the context of mortgage-backed securities.

Risk Management Personnel will be better equipped to identify, assess, and mitigate the various risks associated with investing in and managing mortgage-backed securities portfolios by exploring the structural and cash flow characteristics of these instruments. This course will provide you with the essential knowledge to develop and implement effective risk management strategies specific to these complex securities.

Compliance Personnel will be better positioned to ensure adherence to relevant laws, regulations, and internal policies by gaining a thorough understanding of the marketplace, participants, and the different types of mortgage-backed securities. This course will equip you with the knowledge necessary to effectively monitor and enforce compliance standards in the context of mortgage-backed securities transactions.

Education Credits

This course qualifies for the following estimated CE credits:

CE: 2.50 HRS