In Florida, robo-signed mortgage docs — legit or not — are allowing banks to hound borrowers | Naked Politics

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A robo-signer is an employee of a mortgage servicing company that signs. case , robo-signers assume the paperwork to be correct and sign it. Banks had to halt thousands of foreclosures in numerous states. the paperwork was illegitimate because the signers had not actually. real estate Short Sale.

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The share of mortgages issued by nonbanks grew, in part, because banks pulled back from extending mortgage credit to borrowers with lower credit scores in the aftermath of the financial crisis. Nonbanks may also have been quicker to take advantage of technological innovations in mortgage origination.