Publications

• Definitive Guide to Usury in California

Specialties & Experience of this Expert Witness

Additional Information

Areas of Practice Legal Practice: Mortgage Lending, including business and consumer loan origination, licensing, compliance with California and federal lending laws, mortgage backed securities, and administrative defense Mortgage Broker Practice: Active mortgage broker since 2016, brokering tens of millions of dollars of mortgage loans per year, including conducting the application process, underwriting, loan disclosure, legal compliance, documentation, investment compliance and regulatory reporting. California Bar 1978 #81839 Department of Real Estate Broker 2016, Broker #02003304, NMLS #1600274 Professional Affiliations State Bar of California California Mortgage Association AV rated by Martindale.com Biography For the past 40+ years Dennis Doss has represented mortgaged lenders of all kinds as well as mortgage brokers who sell, fractionalize and market trust-deed secured investments to the public. Mr. Doss has have been invited as a speaker on the average of twice per year for over 25 years on mortgage-related topics at industry meetings, summarized in Exhibit B. He has published dozens of articles on www.dosslaw.com about mortgage brokering topics, also summarized in Exhibit B. The firm's' website, www.dosslaw.com, is the 1st most widely accessed website in the United States on private money mortgage law, according to Google (growing to an average of about 115,000 hits per year per a WordPress report dated August 4, 2020). Mr. Doss has drafted many securities offering circulars and written many custom addenda to Lender/Purchaser Disclosure Statements (the Department of Real Estate prescribed form of investor disclosure) for disclosure in specific transactions. A major part of my law practice for decades has been drafting documents for commercial loans intended to be sold to the public by mortgage brokers, including investor disclosures required by the standard of care. Among those disclosures are Lender/Purchaser Disclosure Statements and addenda thereto, subscription agreements with risk factors and private placement memoranda. He also regularly drafts core loan documents such as loan agreements, promissory notes, security instruments, guaranties, environmental indemnities, inter-creditor agreements, subordination agreements, corporate authorizations, business purpose certificates, declarations of non-owner occupancy and many others. Under Mr. Doss’ supervision the firm employs one full time mortgage licensing attorney assisting clients with obtaining and maintaining licenses from the Department of Real Estate and the Department of Financial Protection and Innovation. He is conversant in all regulations of the DRE and DFPI. Mr. Doss has reviewed and analyzed hundreds of private money loan documents and disclosures during his career, into the billions of dollars of loan volume. In addition, he served on a Department of Real Estate Advisory Panel under Commissioner Clark Wallace who tasked him to write a primary DRE disclosure, the Mortgage Loan Disclosure Statement, RE 883. The California Mortgage Association has invited him to speak on issues involving private investors (July 2016), mortgage-backed securities (July 2015), lawsuits in private money (October 2013), and Corporations Code 25102(f) securities exemption (January 2020). As a result of his decades of industry education, Mr. Doss was the first recipient in 2019 of the CMA Phil Adelson Education Award. This award is only presented to educators who have shown an excellence in education for decades. In 2016, Mr. Doss became licensed as a California real estate broker and obtained a National Mortgage Licensing Endorsement that year. Since that time, he has served as the mortgage broker on 6-9 loans per year, mostly commercial, averaging $15-20 Million per year. As part of those transactions, he has prepared disclosures to both borrowers and investors.