Just add this one to the woodpile.The woodpile of burning kindling that should really get Americans burning…..
Wells Fargo’s Fraudulent OCC “˜Independent’ Foreclosure Reviews
Right around the time our Bank Housing Secretary was pitching the OCC reviews as social justice, a person temping for Promontory Compliance Solutions LLC (an affiliate of Promontory Financial Group) on the Wells Fargo OCC ” independent” review project was telling Mandelman what a complete charade it was. The insider’s description exposes the reviews as the fraud on the public that they are.
The full revelations of the temp hired, trained and supervised by Promontory Compliance Solutions, working on the Wells Fargo’s OCC independent foreclosure reviews project, are available as a Mandelman blog post and a Mandelman Podcast. But here’s a few highlights to show how rigged the process is:
” I have found errors that should be moved up through the ranks, but am told ” quit digging so deep””¦”put your shovel away””¦Focus on the questions ” in scope””¦ The review forms are set up so no harm could ever be found. It’s equivalent of an attorney presenting his case to a judge with just 20% of the evidence.”
and
” The foreclosed victims don’t realize if they do not provide specific dates on the intake forms”¦ their complaints are considered ” general comments” out of scope.
The kicker? The forms don’t tell people their information will be ignored if the complaints are not dated.
