Wednesday, September 29, 2010

Another Notorious Multiple Corporate Hat-Wearing Vice President In The News

A recent USA Today story references another multiple corporate hat-wearing vice president that has gained some notoriety over the last couple of years for allegedly signing reams of documents related to foreclosure actions for various companies, and mostly doing so without actually reading them:
  • In one case, Erica Johnson-Seck, a vice president at OneWest, said she signed 750 foreclosure documents a week and didn't read each document before signing it, according to a 2009 deposition [page 13, lines 11-23] obtained by Ice Legal. She also said they were signed without a notary present.(1)

Source: Mistakes widespread on foreclosures, lawyers say.

See also: The Washington Post: OneWest Bank employee: 'Not more than 30 seconds' to sign each foreclosure document:

  • Johnson-Seck estimated that she spent no more than 30 seconds to sign each document. She explained that while she does not check everything, she does check some information, "which is why I said 30 seconds instead of two seconds."

  • In the past, the company had a quality control process that required signatories to check 100 percent of the debts and any figures for loans and bankruptcy, Johnson-Seck said. But the error rate was low, so now they only check about 10 percent of the documents.

(1) Go here for:

The Motion for Sanction makes reference to two earlier cases in which Ms. Johnson-Seck receives a less-than-honorable mention: