0 votes

No Breaks for Robo-signing Computer Stamping Mortgage Documents

Bryan Bly is a pen-wielding “robo- signer” at Nationwide Title Clearing Inc., inking his name on an average 5,000 mortgage documents a day for companies such as Citigroup Inc. and JPMorgan Chase & Co.

Those are just the ones that cross his desk.

Nationwide Title employs a computer system that automatically inserts a copy of Bly’s signature on thousands of digital files that he never sees. The system even affixes an electronic notary seal.

“The problem with the way these documents are created isn’t because a computer is used,” said Gloria Einstein, a legal aid attorney in Green Cove Springs, Florida, who deposed Bly in a case in which her client faces foreclosure by a unit of Deutsche Bank AG. “It’s because an enterprise has decided to use a computer to create a system where nobody is responsible for the information and the decisions.”

http://www.bloomberg.com/news/2010-11-15/no-coffee-break-for...

Comment viewing options

Select your preferred way to display the comments and click "Save settings" to activate your changes.

This reminds me of

our Congress, they don't write the bills they sponsor or read the bills they vote on. This fits the same profile
of organization procedures. Why do it right when you can get away with fraud?

Prepare & Share the Message of Freedom through Positive-Peaceful-Activism.

hmmm

“The problem with the way these documents are created isn’t because a computer is used,” said Gloria Einstein

How typical from the ---