Software | FORECLOSURE FRAUD | by DinSFLA

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As We Were Saying, eMortgage Coming To Your Town?

As We Were Saying, eMortgage Coming To Your Town?


Come hungry…close a loan electronically within 15 minutes and with doughnuts. Not like it took any longer the paper route!

Providing all the ‘errors’ and ‘mistakes’ currently happening in foreclosure land, just hope your eNote/eMortgage doesn’t get deleted by accident.

via Housing Wire:

Harry Gardner, president of SigniaDocs, said the perfect infrastructure is one that manages all mortgage documents electronically, but the number of loans in the Mortgage Electronic Registration Systems’ eRegistry is about 200,000, or “a small fraction of mortgages written in the last 10 years.”

“And by eMortgage, we mean truly paperless not some hybrid of some paper and some electronic documentation,” Gardener said. “Ten years ago, we were saying mainstream eMortgage documentation was three to five years away, and I’m happy to say that mainstream eMortgage documentation is now three to five years away.”

continue reading….  Housing Wire

© 2010-17 FORECLOSURE FRAUD | by DinSFLA. All rights reserved.



Posted in STOP FORECLOSURE FRAUDComments (0)

eMortgages, eNotes …Get Ready For The No-DOC Zone

eMortgages, eNotes …Get Ready For The No-DOC Zone


For you to understand the plan the financial institutions have you need to grasp the following. Will MERS patterns continue? Imagine the price you will pay when these files are hacked or manipulated.

Everyone knows by now that MERS was ‘invented’ to keep costs low for the banks, reduce the risk of record-keeping errors and make it easier to keep track of loans for the banks not the borrowers. By these actions, not only has MERS eliminated crucial chain in title documents, has proven in many court cases to assign absolutely nothing because it had no power to negotiate the note but also eliminated an enormous amount of county revenues.

Last week SFF wrote about the latest invention planned to coexist with MERS called SmartSAFE, which will be used for creating, signing, storing, accessing and managing the lifecycle of electronic mortgage documents. According to Wave’s eSignSystems Executive VP Kelly Purcell, “Mortgages are sold several times throughout the life of a loan, and electronic mortgages address the problem of the ‘lost note,’ while improving efficiency in the process.”

This goes a step forward of what MERS can do today.

Will this process eliminate recording paper mortgages/deeds from county records? Eliminate fees that counties in trouble desperately need? THIS IS VERY DANGEROUS.

Still with me? Finally, according to CUinsight, a sample eNote in the form of a MRG Category 1 classified SMARTDoc, was successfully delivered to Xerox’s BlitzDocs eVault, a virtual repository that connects directly to the MERS® eRegistry and eDelivery systems, where it was electronically signed and registered.

Adding the finishing touches to permit MERS access to future eNotes? I say this is the master plan.

Looking forward to what MA John O’Brien, the Essex County register of deeds, NC Register of deeds Jeff Thigpen and NY Suffolk County, former county clerk Ed Romaine’s approach is after they read what they plan on doing to land records. If they thought it was limited to the elimination of recording fees for assignments of mortgage, they are mistaken.

Questions remain as to why replace something that has been working for so long? Why continue with MERS, a system which has failed in many ways? MERS is under investigation for fraud is it not? Why in a time where mortgage fraud is wide spread, will anyone even trust using electronic devices to manage possibly future trillions of dollars worth?

Say farewell to a tradition that has been here for well over 300 years. Eliminating ‘paper’ will put promissory notes and  mortgage related documents in great jeopardy. No computer system in the world is secure [PERIOD].

© 2010-17 FORECLOSURE FRAUD | by DinSFLA. All rights reserved.



Posted in STOP FORECLOSURE FRAUDComments (1)

LQQK ‘MOM’, No paper, Lost Paper, Detroyed and Misfiled Paper…The Next Wave

LQQK ‘MOM’, No paper, Lost Paper, Detroyed and Misfiled Paper…The Next Wave


Before you go down to the “New Device” take a look back when THE FLORIDA BANKER’S ASSOCIATION ADMITTED THAT NOTES ARE DESTROYED:

This is a direct quote from the Florida Banker’s Association Comments to the Supreme Court of Florida files September 30, 2009:

“It is a reality of commerce that virtually all paper documents related to a note and mortgage are converted to electronic files almost immediately after the loan is closed. Individual loans, as electronic data, are compiled into portfolios which are transferred to the secondary market, frequently as mortgage-backed securities.

The reason “many firms file lost note counts as a standard alternative pleading in the complaint” is because the physical document was deliberately eliminated to avoid confusion immediately upon its conversion to an electronic file. See State Street Bank and Trust Company v. Lord, 851 So. 2d 790 (Fla. 4th DCA 2003). Electronic storage is almost universally acknowledged as safer, more efficient and less expensive than maintaining the originals in hard copy, which bears the concomitant costs of physical indexing, archiving and maintaining security. It is a standard in the industry and becoming the benchmark of modern efficiency across the spectrum of commerce—including the court system.”

Now if there is no issues surrounding what everyone is shouting from their roof tops, then why integrate a new software that was suppose to have been implemented already to “Improves Efficiency & Transparency of Electronic Mortgage Transactions” within MERS itself?

THEY KNOW THEY HAVE A PROBLEM!

Now from SYS-CON on SmartSAFE

“During the foreclosure crisis of the last few years we saw many instances where the original and subsequent paperwork was lost, destroyed or misfiled when loans were bought and sold,” commented Kelly Purcell, Executive Vice President for Wave’s eSignSystems division. “Mortgages are sold several times throughout the life of a loan, and electronic mortgages address the problem of the ‘lost note,’ while improving efficiency in the process.”

This will debut during next week’s MBA National Technology in Mortgage Banking Conference and Expo 2011 (at the Westin Diplomat Resort & Spa in Ft. Lauderdale, Fla.).

Will this be the new system that will eventually take over MERS as MOM?

This one is both “Smart & Safe” <wink>


 

© 2010-17 FORECLOSURE FRAUD | by DinSFLA. All rights reserved.



Posted in STOP FORECLOSURE FRAUDComments (1)

FULL DEPOSITION OF LAW OFFICES OF DAVID J. STERN BETH CERNI

FULL DEPOSITION OF LAW OFFICES OF DAVID J. STERN BETH CERNI


Excerpts:

4 Q. So all of the client files, all of your
5 clients have a file in that system, and you maintain
6 records relating to that client in these files?
7 A. No. Specific clients are in specific
8 systems. So you update only those clients that are in
9 that particular system.
10 Q. Okay. What system would MERS be in?
11 A. MERS isn’t in the system.
12 Q. They’re not? What about GMAC Mortgage, LLC?
13 A. They’re NewTrack.
14 Q. What other systems do you use for the — for
15 the clients, for your clients?
16 A. It depends upon the client.
17 Q. Can you give me some examples of the systems?
18 A. Um, we have Lendstar, we have Vendorscape,
19 those are the two that I have used.
20 Q. And you’ve also used NewTrack?
21 A. Yes, ma’am.
22 Q. What type of information do you keep in the
23 systems?
24 A. We have to update when hearings are
25 scheduled, when service is complete for the clients.

1 Q. Do you also keep in those systems,
2 information as to when the lawsuit is filed, when
3 assignments are executed, when affidavits are
4 executed?
5 A. When complaints are filed, yes.
6 Q. But not when assignments are executed or
7 affidavits are executed?
8 A. No.
9 Q. Is that information kept in another software
10 program?
11 A. Not to my knowledge.

<SNIP>

1 A. It’s a form. It’s the same form for every
2 assignment.

3 Q. So you do not read them?
4 A. They’re checked by an attorney before I sign.
5 Q. So you rely on the attorney?
6 A. Yes.
7 Q. Okay. Also, in this document it indicates
8 that “Mortgage Electronic Registration Systems, Inc.,
9 residing or located at care of GMAC Mortgage, LLC,”
10 what does that mean?

11 A. The address of the servicer.
12 Q. So Mortgage Electronic Registration System is
13 the servicer?

14 A. Mortgage Electronic Registrations is who
15 the — the mortgage apparently was sitting in the name
16 of for this file at the time.

17 Q. And GMAC is the servicer?
18 A. Correct.
19 Q. What does that phrase residing or located at
20 care of mean?
21 A. That’s an address.
22 Q. So MERS is physically located at GMAC
23 Mortgage, LLC?

24 A. I don’t know.
25 Q. Don’t know. Do you have access to any of the

1 title work, or any other information before you
2 execute the assignments of mortgage?
3 A. It’s in the file that’s been reviewed by the
4 attorney.
5 Q. So you don’t review them yourself?
6 A. No. It’s been reviewed by the attorney.
7 Q. Are you — what provides you the
8 authorization to sign?
9 You notice on the assignment, that you’re
10 executing it as Assistant Secretary of Mortgage
11 Electronic Registration System; is that correct?
12 A. Correct.
13 Q. So before I asked you if you were employed by
14 any other corporations, you indicated that you were
15 not. What does it mean when you hold the position of
16 Assistant Secretary of Mortgage Electronic
17 Registration Systems, Inc.?
18 A. We have power of attorney.
19 Q. And what does that mean?
20 A. That we had authorization to sign on behalf
21 of.
22 Q. And did you obtain that power of attorney?
23 A. No, I did not.
24 Q. Did you — do you know anything about the
25 negotiations leading up to the execution of that power

1 of attorney?
2 A. No.

<SNIP>

23 Q. If you’ll take a look at the first document
24 that I handed to you, the Lis Pendens and complaint.
25 If you look, there’s a document attached to that as

1 Exhibit A. And who is listed as the lender on that
2 document?
3 A. It says MERS.
4 Q. And does it, a little bit further down, also
5 say Taylor, Bean, and Whitaker Mortgage Corporation,
6 “lender —
7 A. Uh-huh.
8 Q. — is organized and existing under the laws
9 of?”
10 A. Uh-huh.
11 Q. Do you have any documents — did you have any
12 documents in your file relating to Taylor, Bean and
13 Whitaker Mortgage Corporation at the time you executed
14 the assignment?
15 A. I don’t know.
16 Q. Would you have looked at the original
17 mortgage prior to executing the assignment?
18 (Brief telephonic interruption.)
19 THE WITNESS: No. Again, they were reviewed
20 by an attorney.

Continue to the depo below…

[ipaper docId=41044236 access_key=key-1s17qv7pitz1rmk5i19t height=600 width=600 /]

© 2010-17 FORECLOSURE FRAUD | by DinSFLA. All rights reserved.



Posted in STOP FORECLOSURE FRAUDComments (1)

MUST READ| IS LPS’s Aptitude Solutions Software In Your County Courts & Land Records???

MUST READ| IS LPS’s Aptitude Solutions Software In Your County Courts & Land Records???


Aptitude Solutions’ ShowCase & OnCore Acclaim Software to Provide Greater Efficiency and
Secure Access to Courts & Land Records Information

This is IMPORTANT!!! They may go under similar names.

07/16/2010 – Lake County, Florida Clerk of the Circuit Court Signs with Aptitude Solutions for Court Case Management and Land Records Software – Read Story

07/15/2010 – Arapahoe County, Colorado, Clerk and Recorder Implements Aptitude Solutions’ Land Fraud Registration and Notification System – Read Story

07/1/2010 – Webb County, Texas, County Clerk’s Office Signs with Aptitude Solutions’ for Oncore Acclaim Land Records Software System – Read Story

05/03/2010 – San Diego County Assessor/Recorder/County Clerk to Implement LPS Aptitude Solutions’ OnCore Acclaim Recording System – Read Story

04/29/2010 – Palm Beach County Clerk and Comptroller to Implement LPS Aptitude Solutions’ OnCore Acclaim Recording System – Read Story

02/22/2010 – Arapahoe County, Colorado, Implements Aptitude Solutions’ Software Suite, including the OnCore Recording Platform, For Greater Efficiency and Records Access – Read Story

02/11/2010 – Johnston County, N.C. Register of Deeds uses Aptitude Solutions’ OnCore Recording Software for Electronic Recording of Survey Maps – Read Story

01/25/2010 – Broward County, Florida, Implements Aptitude Solutions’ Automated Indexing Optical Character Recognition Technology with OnCore – Read Story

01/25/2010 – Larimer County, Colorado, Implements Aptitude Solutions’ Automated Indexing Optical Character Recognition Technology with OnCore – Read Story

01/25/2010 – Johnston County, N.C. Register of Deeds Implements Aptitude Solutions’ Automated Redaction Software for Protecting Sensitive Information in Public Records – Read Story

01/04/2010 – Dauphin County, Pennsylvania Implements Aptitude Solutions Automated Redaction Software for Protecting Sensitive Information in Public Records – Read Story

11/20/2009 – Cherokee County Clerk of Superior Court Signs Contract with Aptitude Solutions for Court Case Management Software – Read Story

11/12/2009 – Tipton County, Indiana, Signs with Aptitude Solutions to Implement the OnCore Recording Platform & Automated Redaction System – Read Story

10/26/2009 – Arapahoe County, Colorado, Signs with Aptitude Solutions to Implement the OnCore Recording Platform for Greater Efficiency and Access – Read Story

09/01/2009 – Union County, Florida, Upgrades OnCore to Aptitude Solutions’ New Acclaim System for Official Records Recording – Read Story

08/24/2009 – Douglas County, Colorado Clerk and Recorder Implements Aptitude Solutions OnCore Recording and Indexing Platform – Read Story

08/03/2009 – Lender Processing Services’ Aptitude Solutions Announces OnCore Software Implementation in Largest County in Nevada – Read Story

06/22/2009 – Palm Beach County Clerk & Comptroller to Implement Lender Processing Services Aptitude Solutions’ Court Case Management System – Read Story

06/08/2009 – Nevada County, California, Implements Aptitude Solutions’ OnCore Recording Platform For Greater Efficiency and Access – Read Story

05/01/2009 – Erie County Ohio Recorder’s Office Live with Aptitude Solutions OnCore Recording System – Read Story

05/01/2009 – Douglas County, Washington Auditor Recording Office Live with Aptitude Solutions’ OnCore Recording System – Read Story

05/01/2009 – Aptitude Solutions Announces New Representative in Indiana – Read Story

05/01/2009 – Broward County Florida Recording Office to Implement Aptitude Solutions’ Automated Indexing – Read Story

02/17/2009 – Lender Processing Services’ Aptitude Solutions Selected To Implement Automated Land Records System for Nevada’s Largest County – Read Story

01/01/2009 – Land Fraud Notification and Identity Theft Prevention by Aptitude Solutions – Read Story

01/01/2009 – Davidson County, North Carolina Register of Deeds Now eRecording – Read Story

01/01/2009 – Aptitude Solutions County Recording and Indexing Solutions Provider Approved by the State of North Carolina – Read Story

01/01/2009 – Erie County, Ohio Recorder’s Office to Implement Aptitude Solutions OnCore Recording System – Read Story

01/01/2009 – Douglas County, Colorado Clerk and Recorder Selects Aptitude Solutions for Recording and Indexing Platform – Read Story

01/01/2009 – Aptitude Solutions Announces New Sales Representative in the State of Texas – Read Story

01/01/2009 – Aptitude Solutions Announces New Sales Representative in the State of Georgia – Read Story

11/20/2008 – Nevada County, California Clerk – Recorder’s Office Signs with Aptitude Solutions for OnCore Recording System – Read Story

10/09/2008 – Rockingham County, North Carolina Register of Deeds Complete Historical Digitization and Preservation – Read Story

10/07/2008 – Aptitude Solutions Selected for Clark County, Nevada Recorder’s Office Software RFP – Read Story

10/02/2008 – Skamania County, Washington Auditors’ Office Live with Automated Indexing – Read Story

09/29/2008 – Bradford County, Florida Clerk of Court Live with Tribute Tax Deed System – Read Story

09/29/2008 – Franklin County, Washington Auditors’ Office Live with Automated Indexing – Read Story

09/22/2008 – Clarendon County, South Carolina Register of Deeds Live with Aptitude Solutions’ OnCore – Read Story

09/22/2008 – Pulaski County, Arkansas Circuit Clerk Live with Automated Indexing and Redaction – Read Story

09/18/2008 – Walton County, Florida Clerk of Court Live with Electronic Recording – Read Story

09/17/2008 – Levy County, Florida Clerk of Court Live with Automated Indexing and Redaction Systems – Read Story

09/02/2008 – Tulsa County, Oklahoma Goes Live with Aptitude Solutions’ OnCore Recording System – Read Story

08/11/2008 – Chelan County, Washington Auditor Recording Office Live with Aptitude Solutions’ OnCore Recording System – Read Story

08/08/2008 – Aptitude Solutions Electronic Recording Certified by State of California ERDS – Read Story

07/17/2008 – Santa Rosa County, Florida Clerk of Court Live with Electronic Recording – Read Story

07/07/2008 – Hillsborough County, Florida Clerk of Court Live with Automated Indexing and Redaction Systems – Read Story

06/10/2008 – Collier County, Florida Clerk of Court Live with Aptitude Solutions Showcase CMS – Read Story

04/21/2008 – Tulsa County, Oklahoma Upon being awarded the bid on April 14th, Tulsa County Clerk officially signs contracts with Aptitude Solutions to provide OnCore, aiIndex, and aiRedact – Read Story

04/16/2008 – Johnston County, North Carolina Register of Deeds Receives eRecording Award – Read Story

04/06/2008 – Davidson County, North Carolina Live with Aptitude Solutions’ OnCore Recording System – Read Story

03/31/2008 – Chelan County, Washington Clerk Signs with Aptitude Solutions to implement OnCore Recording System

03/31/2008 – Clarendon County, South Carolina Clerk Signs with Aptitude Solutions to implement OnCore Recording System – Read Story

03/31/2008 – Nassau County, Florida Live with Aptitude Solutions’ Tribute

03/31/2008 – Skamania County, Washington Live with Aptitude Solutions’ OnCore Recording System

03/31/2008 – Putnam County, Ohio Live with Aptitude Solutions’ OnCore Recording System

03/31/2008 – Duval County, Florida Clerk of Court Civil Departments Go Live with Aptitude Solutions’ ShowCase System on Schedule – Read Story

03/05/2008 – Franklin County, Washington Live with Aptitude Solutions’ OnCore Recording System – Read Story

02/26/2008 – Hillsborough County, Florida Clerk of Court Live with Electronic Recording – Read Story

01/01/2008 – Pinellas County, Florida Clerk of Court Live with Automated Indexing and Redaction Systems – Read Story

12/04/2007 – Escambia County, Florida Clerk of Court Live with Tribute Tax Deed System – Read Story

11/05/2007 – Pulaski County, Arkansas Live with Aptitude Solutions’ OnCore Recording System – Read Story

11/01/2007 – Escambia County, Florida Clerk of the Circuit Court Live with Automated Indexing and Redaction – Read Story

10/29/2007 – Simplifile and Aptitude Solutions enter into Strategic eRecordings Alliance – Read Story

10/28/2007 – Pickens County, South Carolina Live with Aptitude Solutions’ OnCore Recording System – Read Story

10/18/2007 – Collier County, Florida Clerk of Court Selects Aptitude Solutions Showcase Court System – Read Story

10/18/2007 – Duval County, Florida Clerk of Court Live with ShowCase Felony and Juvenile – Read Story

10/16/2007 – Franklin County, Washington Auditor to Implement Aptitude Solutions OnCore Recording System and Automated Indexing – Read Story

10/01/2007 – Manatee County, Florida Clerk of the Circuit Court Live with Automated Redaction – Read Story

09/24/2007 – Pulaski County, Arkansas Clerk Signs with Aptitude Solutions – Read Story

08/30/2007 – Hillsborough County, Florida Clerk of Court Live with Tribute Tax Deed System – Read Story

08/27/2007 – Glynn County Georgia Clerk of Superior Court Live with Aptitude Solutions’ OnCore Recording System – Read Story

08/20/2007 – Putnam County, Ohio Recorder to implement Aptitude Solutions’ OnCore Recording System – Read Story

08/20/2007 – Pickens County, South Carolina to implement Aptitude Solutions’ OnCore Recording System – Read Story

08/20/2007 – Rockingham County, North Carolina Register of Deeds Live with Aptitude Solutions’ OnCore Recording System – Read Story

08/06/2007 – Grand County, Colorado Clerk & Recorder Go Live with Aptitude
Solutions’ OnCore Recording System – Read Story

08/06/2007 – Mesa County, Colorado Clerk and Recorder Live with Automated Indexing – Read Story

08/06/2007 – Montrose County, Colorado Clerk and Recorder Live with Aptitude Solutions’ OnCore Recording System – Read Story

08/06/2007 – Pitkin County, Clerk and Recorder Live with Aptitude Solutions’ OnCore Recording System – Read Story

08/01/2007 – Broward County, Florida Clerk of Court Live with Automated Redaction – Read Story

08/01/2007 – Baker County, Florida Clerk of Court Live with Automated Redaction and Automated Indexing – Read Story

08/01/2007 – Gilchrist County, Florida Clerk of Court Live with Automated Redaction – Read Story

08/01/2007 – Johnston County, North Carolina Register of Deeds Goes Live with Aptitude Solutions’ Automated Indexing Technology – Read Story

07/17/2007 – Duval County, Clerk of Court Live with Showcase Court Case Management System – Read Story

07/03/2007 – Brevard County, Clerk of Court Live with Tribute Tax Deed System – Read Story

05/29/2007 – Levy County, Florida Clerk of the Circuit Court to implement Aptitude Solutions’ OnCore Recording System – Read Story

05/04/2007 – Horry County, South Carolina Register of Deeds Implements Aptitude Solutions’ OnCore Recording System – Read Story

03/01/2007 – Rockingham County, North Carolina Register of Deeds to implement Aptitude Solutions’ OnCore Recording System – Read Story

11/13/2006 – Hillsborough County Clerk of Court Implements Aptitude Solutions’ OnCore Official Records System – Read Story

11/13/2006 – Brevard County Clerk of Court Implements Aptitude Solutions’ OnCore Official Records System – Read Story

[ipaper docId=38589532 access_key=key-h7uy9ikaxa7o93h3w63 height=600 width=600 /]

Posted in assignment of mortgage, CONTROL FRAUD, deed of trust, DOCX, foreclosure, foreclosure fraud, foreclosure mills, foreclosures, Lender Processing Services Inc., LPS, STOP FORECLOSURE FRAUDComments (3)


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Kenneth Eric Trent, www.ForeclosureDestroyer.com

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