Mr. Cooper Group Inc. and Google Cloud have joined forces to create a digital mortgage servicing platform
I wonder if Google understands that they just signed up for assistance with preparation of fraudulent documentation
by Neil Garfield
Mr. Cooper Group Inc. and Google Cloud have joined forces to create a digital mortgage servicing platform, powered by artificial intelligence (AI), machine learning (ML), data analytics, and cloud scalability to ease the distribution, signing, submission, and review of loan documentation.
I doubt if Google management understands the role of Mr. Cooper formally known as nationwide servicing. Although there are certain exceptions, Mr. Cooper is merely a name used as a placeholder for an intermediary serving an investment bank.
Mr. Cooper merely sends Robo witnesses to court after they have memorized a script. Mr. Cooper does not actually collect any payments nor do they make any disbursements to investors. They do not create any payment histories, nor do they board any payment history from any other company that use the label of “servicer.”
The document they use in court is a report of a report based on data that is created, maintained, organized, and reported by third parties who answer only to an investment bank, and not to Mr. Cooper or any other “servicer.”
Other third-party entities that answer to intermediaries for the investment bank produce fabrications of false documents containing false information used to create the illusion of a foundation for claims. Mr. Cooper does not have deep pockets to respond to massive judgments. That is why it is used to separate the investment bank from the illegal activities conducted.
But Google has pockets that are about as deep as you could get. Lawyers who are preparing lawsuits should consider naming Google as soon as it can be documented that they are playing an active role in the fabrication of documents.