Consumer complaint received 2017-02-05
Company: Ocwen Financial Corporation
State: CA
Product: Mortgage
Sub-product: Other mortgage
Issue: Settlement process and costs

Complaint:
Posted on XX/XX/XXXX by XXXX XXXX Does XXXX know that fabricating securities is a federal crime? 

By the XXXX Those of us the foreclosure defense industry do n't experience much laughter. For hours each day we try to provide guidance to people who have been victimized by their servicer, attorney and/or the courts. Often, by the time they come to us, the homeowner is in emergency-mode. 

Yesterday, we did have a good laugh. While doing some preliminary research on a " corrective '' Assignment of Deed of Trust, we did a little background on an employee at Ocwen who had signed the assignment. We discovered a profile for the document signer XXXX on the Linked-in website. 

It appears that XXXX has been a Servicing Operations Specialist at Ocwen since XX/XX/XXXX. Located in XXXX, XXXX was looking for an, " entry level position that offers internal growth potential '' and requires that she, " be able to be a leader as well as follow instructions. '' It looks like she may have landed her dream job as a XXXX at Ocwen Loan Servicing. There is no doubt that she has job security in the burgeoning field of document fabrication, or that she can follow instructions by signing deceptive documents by the thousands. 

According to her profile on Linked-in, XXXX says her current duties include, " Researching Mortgage Documents to verify a full Chain of Title is present. If it is not create the needed Documents ( sic ). Work from Excel Spread Sheet daily as well as several internal data programs. '' Is XXXX admitting on a public website that Ocwen Loan Servicing creates documents to create a " proper Chain of Title '' if there are errors? 

It is fraudulent to recreate a chain of assignment with fabricated documents to create the appearance the current servicer has standing. As XXXX has repeatedly pointed out- copies of the note and assignment do n't document an actual transaction ( sale, transfer ) - they are nothing but window dressing to create the illusion an event occurred. Homeowners and their attorneys MUST obtain proof that a transaction actually occurred- not simply rely on documents that paint a story the service hopes to tell. 

XXXX began her job at Ocwen during XXXX XXXX as a XXXX where she " helped '' homeowners with service issues. She is likely well versed in Ocwen 's documented practice of providing disinformation to ensure a default. Ocwen was recently forced to pony up {$30.00} million to resolve lawsuits that claimed it did n't properly include disclosures for loans it was servicing. 

XXXX operates a side business called XXXX XXXX XXXX so she may have an eye for detail. Her background at XXXX XXXX through XXXX XXXX, opening boxes at a Target distribution warehouse and assembling bathroom cabinetry likely provided excellent preparation for her current duties analyzing complex securitizations, real estate documentation and verifying they are accurate. 

In this case, the Deed of Trust XXXX XXXX XXXX signed is a complete sham and is referred to as a " corrective assignment '' in an attempt to perfect two incorrect assignments filed 3 and 5 years before. The document in question lists a bankrupt XXXX assigning the Note to XXXX. XXXX notarized signature witnesses a complete fictitious transaction. 

Unfortunately for the homeowner who is a XXXX and the victim of these sham documents filed in the county records by Ocwen, he may become homeless unless he is able to find an attorney to stop this fraudulent foreclosure from proceeding. He served his country, is in poor health due to a dousing of Agent Orange, and his country does nothing to stop predatory servicers from taking advantage of our nation 's most vulnerable- our veterans, the elderly, and fami

Company response to consumer: Closed with explanation