Adam Levitin | Robosigning 2.0: Mortgage Foreclosure File Reviewers

Maybe the unemployed rocket docket judges could apply?

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Robosigning 2.0: Mortgage Foreclosure File Reviewers

Do you have what it takes to be a Mortgage Foreclosure File Reviewer Level 2?  An intrepid researcher forwarded to me a job ad for a mortgage foreclosure reviewer who will be reviewing bank foreclosures per the OCC/Fed servicing fraud consent orders. I have seldom seen a document that says more about the bullshit malarkey that the OCC and Fed are trying to pass off to cover for the banks than this job ad. I think it demolishes even the thin fiction that the OCC/Fed servicing consent orders are anything more than Potemkin villages. Instead, what we have here is nothing less than a federally-blessed Robosigning 2.0.

The ad is for a Mortgage Foreclosure File Reviewer Level 2 (whatever Level 2 means).  It states that the:

Key responsibility will be to determine if there was financial harm to the borrower.

It further states that the MFFR-L2 will:

Conduct a complete review of the foreclosure file to ensure all default timeframes were processed accurately.

Review to determine if ownership of the note and mortgage was properly documented when foreclosure was initiated, and document any exceptions.

Determine if the foreclosure was processed in accordance with applicable state and federal laws, to include SCRA and US Bankruptcy Codes, and document any exceptions.

Validate fees and penalties charged and assessed were reasonable, customary and within the applicable state and federal laws, and document any exceptions.

Now I’m just a simple law professor, but gosh, these sure look like legal questions to me. A determination of whether there is financial harm (as in whether the harm is legally cognizable) is a question of law, not a question of fact–it would go to a judge, not a jury. The amount of the damages are a fact question, but that’s a secondary inquiry after one determines that there was a legally cognizable harm. Similarly, proper documentation of the “ownership” of the note and mortgage is a legal question (and the legal terminology is not about “ownership” if the note is negotiable–itself a serious and unresolved legal issue).  And how about determining of the foreclosure was processed in accordance with applicable state and federal laws? That sure seems like something one would want a lawyer reviewing.  Same thing with the legality of fees and penalties.

So given this job requires a determination of a whole number of legal questions, it’s a job ad for a lawyer right?

Nope. No law degree required, much less experience in legal issues relating to foreclosure (and appropriate conflicts screening). Instead, consider the “Minimum Requirements” for the position:

Be sure to check out the rest here…

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4closureFraud.org

Comments
5 Responses to “Adam Levitin | Robosigning 2.0: Mortgage Foreclosure File Reviewers”
  1. marilyn lane says:

    (cont)
    that is because B ank of America’s em.ployees are not qualified in knowing how to know fraud .

  2. marilyn lane says:

    Bank of America is so corrupt and screwed up that they give a moderfication of a mortgage from

    Frances B Turner and her corrupt attorney David K Fiveson on property that these two fraudsters

    don’t even own. These two fraudsters elong in jail..

  3. lvent says:

    First prove that there was no harm to the borrower????…..hell no there wasn’t!!! the borrower was the fraudulently induced loan originator who had no skin in the game….and borrowed credit backed by the credit worthiness of the U.S TAXPAYER….THE BORROWERS WERE, THE PRETENDER LENDERS, WHO MADE HUNDREDS OF TRILLIONS OFF OF THE BACKS OF WE THE PEOPLE, WE THE PEOPLE WERE THE LENDERS…….
    THE PRETENDER LENDERS WHO WERE THE SO CALLED LENDING INSTITUTIONS, NEVER LENT OUT ANY MONEY, THEY STOLE FROM ALL OF US….. AND THEIR MINIONS AND COHORTS ON WALL STREET WERE ALLOWED TO GO BALLISTIC AND RING UP THE U.S. TAXPAYER CREDIT CARD WITH 140 TRILLION DOLLARS IN COLLATERAL FRAUD….WALL STREETS DEBT, NOT OURS….WE DID NOT APPROVE THAT UNLIMITED WALL STREET CREDIT LINE…..CUFF EM…!!! WE THE PEOPLE WERE SWINDLED, DOUBLE CROSSED BY THE NWO…AND THE U.S. GOVERNMENT, THE TRAITOR POLITICIANS ALLOWED IT…..AND THEY STILL ARE…

  4. Fury says:

    i’d say the minimum requirement is that you don’t have a Soul…

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