HERMAN THORDSEN, Esq.
Herman Thordsen is the principal and senior attorney of the firm which has been in existence since 1972, practicing in personal injury, defense of those accused of mortgage fraud, real estate, foreclosure issues, buy-back demands or loss reimbursements requested by mortgage lenders, FDIC, and others.
Mr. Thordsen graduated CUM LAUDE from Loyola School of Law. For over four decades, MARTINDALE-HUBBELL, the world’s most widely recognized attorney information and rating service, has rated Mr. Thordsen as “AV” (the highest rating conferred) because of his “Very High to Preeminent Legal Ability” and “Very High General Ethical Standards.”
Herman Thordsen is admitted to practice before the United States Supreme Court, the United States Ninth Circuit Court of Appeals, United States Tax Court, United States Custom Court, United States Court of Claims, United States District Courts for the Northern, Eastern, Central and Southern Districts of California, and the California Supreme Court and all California Courts.
Mr. Thordsen has been a member of the California Department of Real Estate Solicitation Task Force Committee and the California Department of Motor Vehicles Anti-Fraud Task Force. He has been an Arbitrator with the American Arbitration Association and serves as an Arbitrator in the Fee Dispute program of the Orange County Bar Association . He assists the Public Law Center of Santa Ana as a volunteer attorney. He is also a Panel Member of the Los Angeles Police Protective League.
He is an active member of:
- California State Bar Association
- Orange County Bar Association
- Orange County Trial Lawyers Association
Mr. Thordsen is a syndicated columnist on mortgage compliance laws, regulations and cases in the Broker Universe, a division of Thomson Media as well as publishing monthly columns for several trade groups. He publishes the Mortgage e-Alert© for California Mortgage Brokers and Lenders and the Federal Mortgage e-Alert© for National Mortgage Brokers and Lenders. He has published articles for the Los Angeles Daily Journal on Truth-in-Lending, Mortgage Originator (a national magazine), Mortgage Matters (the state magazine for the California Association of Mortgage Brokers). The articles published cover a range of topics involving laws, cases and regulations as interpreted by State and Federal Courts, California Department of Corporations, Nevada Mortgage Lending Division, Colorado, Oregon and other States, United States Department of Housing and Urban Development (HUD) including issues on RESPA, TILA, Reg Z, and criminal indictments for mortgage loan fraud. The firm represents those charged with mortgage loan fraud in federal courts.
Mr. Thordsen is a frequent guest speaker before trade associations and colleges on:
- Consumer Financial Protection Bureau Audit Procedures
- Mortgage Loan Modifications
- Safeguarding Borrower privacy and identity to prevent identity theft and to avoid being fined $100,000 by the FTC
- “Red Flags” law to identify possible identity theft while processing a loan required by FACTA as of May 1, 2009
- Predatory Lending laws
- Do Not Call List and Privacy Laws (Federal and State)
- Mortgage Loan Fraud
- Self-audits for compliance with HUD/FHA, HUD/RESPA, DRE, CFL , RMLA
- Surviving a HUD/FHA, DRE, CFL, RMLA or MLD audit
- Truth-in-Lending including section 32 and section 35 (higher price) loans and advertising restrictions
- Independent Contractor Status in the Mortgage Industry or Do you or Do you not pay loan officers as W-2 employees or 1099 independent contracrtors?
- Audits by the Employment Development Department and the Internal Revenue Service
- How to avoid Lender Buy Back or Loss Payment Demands without breaching your contract with the lender
- Obtaining Multi-State Mortgage Licenses
Mr. Thordsen is a speaker on Mortgage Compliance issues such as the Dodd-Frank Act as it relates to Mortgage Loan Originator Compensation, How to use the NMLS to your advantage, telemarketing “Do Not Call List,” Safeguarding Privacy, Privacy Issues, State and Federal laws, Mortgage regulatory compliance and Mortgage Fraud. He is a requested speaker at numerous trade groups and industry and HUD-OIG functions. He often invites a guest speaker from the FBI, U.S. Attorney’s office or HUD-OIG to discuss Current Compliance and fraud issues.He has been invited to speak before various trade associations on mortgage loan modifications, mortgage loan fraud, and has received certificates of commendation from the United States Congress and the California State Assembly. The firm represents many mortgage brokers and lenders in California and nationwide.
SEAN P. THORDSEN, Esq.
Sean P. Thordsen earned his undergraduate degree at Vanderbilt University in Nashville, Tennessee. He thereafter attended Chapman University School of Law in Orange, California gaining distinction by receiving the CALI AWARD in Entertainment Law and working with Film Makers Legal Clinic drafting contracts for film makers. He is a member of the California and Nevada State Bar Associations.
Sean’s area is in wills and trusts for asset protection as well as to avoid the long process of probate. He additionally represents our clients in obtaining copyrights and trademarks as well as defending those accused of violating them in federal court. He aids our clients seeking copyright and trademark protection as well as contracts to protect these copyrights and trademarks particularly in the video game areas. He has been an invited speaker at SMU on tax incentives in the video game industry. He speaks conversational Japanese and thus is able to assist Japanese-speaking clients.