Zeenat Ali v. Deutsche Bank

N/A

OUTCOME:

Zwick's grounds for requesting the order included the allegation that a document transferring customer-service rights on the Ali mortgage had been signed improperly by Crystal Moore, identified in the ... papers as a Downey vice president. Citing stories in the St. Petersburg (Fla.) Times, the request said Moore in fact worked for Nationwide Title Clearing Inc.in Palm Harbor, Fla., where she and another employee had been "robo-signing" thousands of mortgage documents as though they were officers of banks, when in fact they were not. "A few people in Florida pretended to be vice presidents of dozens of banks," Zwick said in an interview. Jeremy Pomeranz, a Nationwide Title Clearing senior vice president, said Moore works for his company but denied that anything improper had occurred. Nationwide Title Clearing employees such as Moore are often appointed vice presidents by lenders for the limited purpose of allowing them to sign transfer papers when pools of loans are sold, Pomeranz said. He said that in the case of the Ali loan, Downey’s board had named Moore a vice president for that purpose. Earlier this month, Judge Minto ordered Deutsche Bank to answer Ali’s complaint, which it had not previously done, and told the parties to submit to mediation.