What is robo-signing in relation to mortgages?

Layer-visible-off
0
Unfavorites
0

What is robo-signing in relation to mortgages?


1

“RoboSigning” is a slang/media favorite term coined by consumer advocates in the late 1990s… most recently referencing any lender/servicer document practices that are sloppy, negligent, or illegal. Most recently, the bank “robosigning” scandals refer to bank/lender employees signing vast quantities of foreclosure petitions and other hardship documents and filings without possibly having time to read or review them. It has also been used in reference to shoddy consumer debt collection practices and in cases specifically accusing post-notarizing of consumer or employee signatures.

Answered 7 months ago
Kelcey Morange
82 2

You Must Be Logged In To Answer