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COMBO Title and Securitization Search, Report, Documents, Analysis & Commentary GET COMBO TITLE AND SECURITIZATION ANALYSIS – CLICK HERE

SUBMITTED BY NANCY DREWE

WELLS FARGO BANK, N.A. SIOUX FALLS SD – INDENTURE TRUSTEE
TD SERVICE COMPANY, ON CLOUD, DOCUMENT PROCESSING COMPANY. SUBSCRIBER MUST HAVE MEMBERSHIP TO DOCUMENT PROCESSOR, AND MERS TITLE EXCHANGE C/O QUALIFIED INTERMEDIARY ‘GRANTEE’ MUST BE MERS FOR LIFE OF LOAN, THEN GOOD TITLE ISSUED ‘TITLE COMMITMENT’ AND APPRAISAL AS NEEDED BY AGENT OF ‘WFHM’ DBA ‘RELS TITLE ALSO KNOWN AS ATI TITLE’ IN STRATEGIC PARTNERSHIP WITH FIRST AMERICAN EXCHANGE CO, QUALIFIED INTERMEDIARY AND 1031 EXCHANGE IPXCO, OREXCO – OLD REPUBLIC EXCHANGE CO FOR -INSTITUTIONAL TRUSTEES ISSUED ORIGINAL ‘LENDERS POLICY’ KICKS IN DURING A DEFAULT, GETS GOOD TITLE – ALL EXPENSES BILLED C/O FIRST AMERICAN TITLE TO ‘WFHM’ RELS TITLE AKA ATI TITLE AKA NORWEST MORTGAGE, INC. AKA GMAC MORTGAGE COMPANY OF IOWA, AKA GMAC MORTGAGE COMPANY OF PENNSYLVANIA.

WFHM ‘RETAIL’ IS RELS TITLE AKA ‘ATI TITLE’ IN STATE OF IOWA, WELLS FARGO HOME MORTGAGE, INC. MERGED OUT OF EXISTENCE INTO TRADENAME ‘WELLS FARGO BANK NA’ MEANING ‘AFFILIATE’ OF

ANY SERVICER MAY BE AN AFFILIATE OF ‘WFHM’ OR WFB

WELLS FARGO SERVICING CENTER (WLLS)
HOME EQUITY
PAYMENT PROCESSING B6955-01
WELLS FARGO REVIEW INSURANCE SERVICING CENTER
http://www.insuranceservicecenter.com
Phone: (800) 433-8790 Fax: (952) 833-9423
PO Box 31557, Billings, MT 59107
http://www.insuranceservicecenter.com

PO BOX 31557, BILLINGS MT 59107
REQUEST FOR HOME EQUITY MODIFICATION
KEEP ORIGINALS FOR YOUR FILE
WELLS FARGO BANK NA FDIC ATTEMPT TO COLLECT A DEBT FORM. FAX 866-593-3578

NOTICE: Norwest Mortgage Inc. owns ATI Mark dba
RELS TITLE SERVICES , LLC
ONE HOME CAMPUS, DES MOINES IA 50328
NOREWEST MORTGAGE
MAC X2401-06T
‘ASSIGNOR’ OWNS ENTIRE RIGHT, TITLE AND INTEREST IN AND TO THE MARK ‘ATI’

RELS TITLE SERVICES, LLC, Jurisdiction DELAWARE a LLC, PRINCIPAL OFFICES
1 HOME CAMPUS DES MOINES IA
‘ASSIGNEE’ ACQUIRES ENTIRE RIGHT, TITLE AND INTEREST TO ‘ATI’ MARK.
12/15/1998 NUNC PRO TUNE 1/17/2002
September Wethington-Smith. Senior Counsel. Wells Fargo AVP

‘ASSIGNMENT’ DOCUMENTS RECORDED
MERS TITLE EXCHANGE
GRANTEE FOR LIFE OF LOAN MERS

Recording Requested by Wells Fargo Bank NA
Document Management Company
TD SERVICES (CLOUD)
C/O FIDELITY NATIONAL (NORWEST CORP PARENT 1998)
ASSIGNMENT
SHORT TITLE OF FUTURES CONTRACT
ONE MUST BE A DOCUMENT SUBSCRIBER TO ORDER DOCUMENTS
TD SERVICES DBA
TD ESCROW SERVICES subsidairy of TD FINANCIAL
TRUSTEE AMERICAN SECURITIES COMPANY
TD SERVICES (SUBSCRIBER FOR TRANSACTIONS)
Wells Fargo Bank NA
PO Box 31557
MAC B68955-015
Billings MT 59107-9900
Account 650-650-5825534-1XXX
Short Form
Deed of Trust
Reliance on Good Title c/o Qualified Intermediary
Local Agents issue Title Commitment Letter
‘GOOD TITLE’
c/o WFHM ‘AFFILIATE’
DBA RELS TITLE or
ATI TITLE Agent, Distributor, Broker, Dealer

The 1031 (QI) QUALIFIED INTERMEDIARY SERVICERS
Contractural Arrangement
RELIANCE ON GOOD TITLE
DURING DEFAULT ‘LENDERS POLICY KICKS IN’
BORROWER PAID FOR POLICY
PROTECTS ‘LENDER’ DURING TITLE ASSIGNMENT AND LITITATION UP TO ‘FIXED PERCENT’
PARTY BEFORE COURT PAYING BILLS WILL BE
QUALIFIED INTERMEDIARY SERVICER
RELS TITLE STRATEGIC PARTNERSHIP FIRST AMERICAN EXCHANGE COMPANY

MERS as Grantee Life of Loan to convert leaseholds proceeds back into fee simple held in trust

PROCEEDS OF SALE ‘WHATEVER INSURANCE OPTION SELECTED BY INVESTORS’ HELD IN TRUST UNTIL GET GOOD TITLE

Who is holding proceeds in trust?
Where is copy of your Lenders Policy?
Example of Lenders Policy Squid – “MERS TITLE EXCHANGE’
OR OREXCO ISSUED THE LENDERS POLICY

FORECLOSURE ASSIGNMENT EXECUTED
FIRST AMERICAN TITLE BILLS SUBMITTED BY FIRST AMERICAN TITLE TO ‘WFHM’ FOR LOAN MITIGATION P670 PROPERTY REPORT IS AN INVESTORS REPORT. INVESTORS SAY NO.
QUALIFIED INTERMEDIARY BILLING WFHM DBA RELS TITLE & SETTLEMENT SERVICES ‘AGENTS’ FOR OREXCO?

MERS TITLE EXCHANGE
GRANTEE FOR LIFE OF LOAN
LOAN IS AN (Annunity)

AMERICAN SECURITIES COMPANY
PARENT WELLS FARGO & CO.
NOTICE: FUTURE ADVANCE CLAUSE
A FUTURES SECURITY INSTRUMENT

NOTICE:
CITY OF LOS ANGELES WAIVES FEES TO MERS MEMBERS

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13 Responses

  1. 76 FRB 1058 (Dec, 1990)

    Norwest Corporation
    Minneapolis, Minnesota

    Order Approving the Acquisition of a Title Insurance Agency

    Norwest Corporation, Minneapolis, Minnesota (“Norwest”), a bank holding company within the meaning of the Bank Holding Company Act (“BHC Act”), has applied under section 4(c)(8) of the BHC Act (12 U.S.C. § 1843(e)(8)) and section 225.23(a) of the Board’s Regulation Y (12 C.F.R. 225.23(a)) for the Board’s approval to acquire all the outstanding shares of American Land Title Co., Inc., Omaha, Nebraska (“American Land Title”), and through American Land Title, engage in title insurance agency and real estate settlement activities in Nebraska./1/

    Notice of the application, affording interested persons an opportunity to submit comments, has been duly published (55 Federal Register 35,184 (1990)). The time for filing comments has expired, and the Board has considered the application and all comments received in light of the public interest factors set forth in section 4(c)(8) of the BHC Act.

    Norwest, with total consolidated assets of $26.8 billion, is the second largest banking organization in Minnesota./2/ Applicant controls 34 banking subsidiaries in ten states in the Midwest and owns a number of subsidiaries engaged in nonbanking activities.

    The Board has previously determined that title insurance agency activities are permissible under section 4(c)(8)(G) of the BHC Act (“exemption G”), which authorizes bank holding companies that engaged in insurance agency activities, with Board approval, prior to 1971, to engage, or control a company engaged, in general insurance agency activities./3/ Norwest qualifies for exemption G rights./4/

    American Land Title also provides the following real estate settlement services:

    (1) reviewing the status of the title in the title commitment, resolving any exceptions to the title, and reviewing the purchase agreement to identify any requirements in it in order to ensure compliance with them;

    (2) verifying payoffs on existing loans secured by the real estate and verifying the amount of and then calculating the prorating of special assessments and taxes on the property;

    (3) obtaining an updated title insurance commitment to the date of closing, preparing the required checks, deeds, affidavits, and obtaining any authorization letters needed;

    (4) establishing a time and place for the closing, conducting the closing, and ensuring that all parties properly execute all appropriate documents and meet all commitments;

    (5) collecting and disbursing funds for the parties, holding funds in escrow pending satisfaction of certain commitments, preparing the HUD settlement statement, the deed of trust, mortgage notes, the Truth-in-Lending statement, and purchaser’s affidavits; and

    (6) recording all these documents as required under law.
    In order to approve an application submitted under section 4(c)(8) of the BHC Act, the Board is required to determine that the proposed activity is “so closely related to banking as to be a proper incident thereto.” 12 U.S.C. § 1843(c)(8). In considering whether a proposed activity would be a proper incident to banking, the Board is required to determine that the performance of the proposed activity can reasonably be expected to produce benefits to the public that outweigh possible adverse effects. Id.

    Based on guidelines established in the National Courier case, a particular activity may be found to be “closely related to banking” for purposes of section 4(c)(8) of the BHC Act if:

    (i) banks generally do in fact conduct the proposed activity;

    (ii) banks generally provide services that are operationally or functionally so similar to the proposed activity as to equip them particularly well to provide the proposed activity; or

    (iii) banks generally provide services that are so integrally related to the proposed service as to require their provision in a specialized form./5/
    In this regard, real estate settlement services are, in fact, provided by Norwest’s bank subsidiaries in connection with their origination of mortgage loans, and banks in Nebraska are generally permitted to conduct real estate settlement activities./6/ Moreover, bank holding companies and banks have been authorized to provide real estate services that are operationally or functionally so similar to the proposed services as to equip them particularly well to provide real estate settlement services. The Board has approved the provision of escrow and distribution services by bank holding companies under land installment sales contracts./7/ In addition, banks routinely prepare collateral security agreements and other documentation required to close loans in accordance with federal and state lending requirements as part of the general lending activities authorized under the Board’s Regulation Y.

    The Board also believes that aspects of the proposed real estate settlement activities are directly linked to permissible title insurance agency activities by bank holding companies./8/ These activities can directly affect the risks insured against under a title insurance policy, and title insurance agents have special experience in assessing potential title defects that may arise at a real estate settlement. Accordingly, title insurance agents have the expertise to generally engage in real estate settlements.

    For these reasons, the proposed real estate settlement activities conducted through a permissible title insurance agency are closely related to banking for purposes of section 4(c)(8) of the BHC Act.

    In order to approve this application, the Board is required to determine that the performance of the proposed activities by Norwest is a proper incident to banking and “can reasonably be expected to produce benefits to the public, such as greater convenience, increased competition, or gains in efficiency, that outweigh possible adverse effects, such as undue concentration of resources, decreased or unfair competition, conflicts of interests, or unsound banking practices.” 12 U.S.C. § 1843(c)(8).

    Consummation of the proposal can reasonably be expected to result in public benefits that outweigh adverse effects. Norwest’s proposal may be expected to result in increased convenience resulting from the offering of additional services to customers./9/ In addition, the activities of American Land Title represent a small share of the total market for these services, and there are numerous competitors in the title insurance agency and real estate settlement markets. Accordingly, the Board believes that the proposed activities are a proper incident to banking.

    There is also no evidence in the record to indicate that consummation of this proposal is likely to result in any significant adverse effects, such as undue concentration of resources, decreased or unfair competition, conflicts of interests, or unsound banking practices. Accordingly, the Board has determined that the balance of public interest factors it must consider under section 4(c)(8) of the BHC Act is favorable and consistent with approval.

    Based upon the foregoing and all the other facts of record, the Board has determined that the proposed application should be, and hereby is, approved. This determination is subject to all of the conditions set forth in the Board’s Regulation Y, including sections 225.4(d) and 225.23, and the Board’s authority to require such modification or termination of the activities of a holding company or any of its subsidiaries as the Board finds necessary to assure compliance with, or to prevent evasion of, the provisions and purposes of the BHC Act and the Board’s regulations and orders issued thereunder.

    The transaction shall be consummated not later than three months after the effective date of this Order, unless such period is extended for good cause by the Board or by the Federal Reserve Bank of Minneapolis, pursuant to delegated authority.

    By order of the Board of Governors, effective October 15, 1990.

    Voting for this action: Chairman Greenspan and Governors Seger, LaWare, and Mullins. Absent and not voting: Governors Angell and Kelly.

    JENNIFER J. JOHNSON
    Associate Secretary of the Board

    Endnotes:

    1. American Land Title also performs tide abstracting activities, including title searches of real estate. The Board believes that title abstracting is incidental to conducting title insurance agency activities, because it provides necessary information needed to authorize the sale of a title insurance policy.

    2. Asset data are as of June 30, 1990.

    3. See First Wisconsin Corporation, 75 Federal Reserve Bulletin 31 (1989); affirmed in American Land Title Association v. Board of Governors, 892 F.2d 1059 (D.C. Cir. 1989).

    4. In 1959, Norwest received Board approval to retain its general insurance agency subsidiaries and, accordingly, is a grandfathered bank holding company for purposes of exemption G. Northwest Bancorporation, 45 Federal Reserve Bulletin 963 (1959); Norwest Corporation, 70 Federal Reserve Bulletin 470 and 235 (1984).

    5. National Courier Ass’n v. Board of Governors, 516 F.2d 1229, 1237 (D.C. Cir. 1975). The Board may also consider any other factor that demonstrates a reasonable or close connection or relationship of the activity to banking. 49 Federal Register 794, 806 (1984); Securities Industry Ass’n v. Board of Governors, 104 S. Ct. 3003, 3005-06 n.5 (1984).

    6. Bank commissioners in Nebraska, Kansas, Colorado, Iowa, Wyoming, and South Dakota have indicated that banks are generally permitted to conduct real estate settlements.

    7. See Wells Fargo & Co. (Grayco Land Escrow, Ltd.), 59 Federal Reserve Bulletin 122 (1973); 59 Federal Register 1236 (1973).

    8. For example, the Board has approved the preparation of a title insurance binder in performing title insurance agency activities. See First Wisconsin Corporation, supra.

    9. Norwest has committed to advise its customers that they are not required to purchase its real estate settlement services in connection with the purchase of title insurance in a real estate transaction. In addition, section 106 of the Bank Holding Company Act Amendments of 1970 would generally prohibit Norwest from tying extensions of credit to the purchase of services from American Land Title.

  2. 1997 NORWEST MORTGAGE INC. (CONDUIT) AND FARES LLC (FIRST AMERICAN TITLE REAL ESTATE SOLUTIONS LLC DBA CORELOGIC & 50% PARTNER NORWEST MORTGAGE, IUNC. (CONDUIT) AND NORWEST ASSET SECURITIES CORP & RELS DIRECT (OVER CLOUD) & PREMIER ASSET SERVICES (NORTHERN TRUST CO) AND LENDERS PROCESSING SERVICES ASSET MANAGEMENT SOLUTIONS &
    ‘RELS TITLE’

    February 5, 2007
    First American Real Estate Solutions Merges With CoreLogic Systems, Inc.
    - New, Combined Company to Deliver Comprehensive Line of Risk Management Analytics to the Mortgage Industry -
    SANTA ANA, Calif., Feb. 5 /PRNewswire-FirstCall/ — The First American Corporation (NYSE: FAF), America’s largest provider of business information, today announced that it has merged its First American Real Estate Solutions (“RES”) division, a part of its FARES LLC subsidiary, with Sacramento, Calif.- based CoreLogic Systems, Inc., a leading provider of mortgage risk assessment and fraud prevention solutions. In 2006, RES and CoreLogic generated approximately $252 million and $74 million in revenues, respectively.
    The new, combined company is majority owned by The First American Corporation through its FARES LLC joint venture with Experian Group Limited. CoreLogic’s stockholders, comprised of its management team and TA Associates, hold an 18 percent economic interest and two of 10 board of director seats. The co-founders of CoreLogic, Steve Schroeder and Kraig Clark, have assumed key roles in the newly formed organization. The merger is the largest transaction in a series of analytic company acquisitions and minority investments completed by RES in recent years as a part of a larger domestic and international mortgage risk analytics strategy.
    “This merger is a major milestone in our strategy to revolutionize the mortgage risk management process,” said Parker S. Kennedy, chairman and chief executive officer of The First American Corporation. “This transaction unlocks value by creating a single, unified company with the unique data and predicative analytics resources that lenders, investors and consumers need throughout the mortgage lending and securitization process.”
    Traditionally, risk associated with mortgage lending was managed through labor-intensive quality control and due diligence reviews. The combined company makes this process more efficient and effective by applying advanced data and analytics at every point in the lending process.
    George Livermore, currently president of First American’s Property Information and Services segment, has been appointed president of the new company. Steve Schroeder, formerly chief executive officer of CoreLogic, will oversee the mortgage risk analytics business line for the company in the newly created role of executive vice president of risk management, reporting directly to Livermore. CoreLogic’s staff and operations will remain at its Sacramento, Calif., headquarters and all products offered by each company will continue to be available to customers.
    “This newly created company has the combined expertise and assets that allow our clients to identify, quantify and manage risk in a more transparent and precise way than previously possible,” stated Livermore. “By providing innovative analytical solutions that touch every stage of the life of the loan,
    we will be able to help our lender, servicer and mortgage-investor clients become more competitive and profitable.”
    Since 2004, RES has acquired analytics companies LoanPerformance, UK Valuation and Basis100 and has purchased minority stakes in The Bohan Group, ComplianceEase, BasePoint Analytics and Australia-based RP Data.
    Together, these companies provide data, analytics and decisioning solutions that address the most pressing challenges in mortgage risk management, including fraud prevention, collateral risk assessment, mortgage prepayment forecasting, regulatory compliance and due diligence reviews.
    “Since co-founding CoreLogic more than eight years ago, I have seen the market for mortgage risk management analytics grow from a specialty market to one that is rapidly expanding into every facet of the mortgage lending process,” said Schroeder. “This merger provides the infrastructure and scale necessary to meet the growing market demands and enhances our ability to fulfill our mission of safeguarding and streamlining the mortgage loan process.”
    Terms of the Transaction
    FARES LLC owns approximately 82 percent of the economic interests of the combined company through the ownership of high vote Class B shares. CoreLogic’s stockholders own approximately 18 percent of the economic interests of the combined company through the ownership of Class A shares. In addition to the Class A shares, CoreLogic’s stockholders received cash consideration of $100 million. To finance the cash consideration, FARES LLC has made a loan of $100 million to the combined company. FARES LLC secured bank financing for the $100 million loan to the combined company. CoreLogic’s stockholders will have registration rights that could result in the merged entity becoming public in the future.
    The transaction is estimated to be breakeven from an earnings-per-share perspective to First American in 2007. Excluding the impact of transaction- related intangible amortization, the merger is expected to increase earnings by approximately $2 million in 2007. Lehman Brothers Inc., served as financial advisor and delivered a fairness opinion to First American.
    To learn more about RES’ merger with CoreLogic, please visit http://www.firstamres.com/merger.
    About CoreLogic
    Sacramento, Calif.-based CoreLogic is the leading provider of residential mortgage risk management and fraud protection technology and services to the U.S. mortgage banking industry. CoreLogic quantifies the risk in more than 25 percent of U.S.-based originations annually on behalf of its clients, identifying more than $1.2 billion in potential loan loss in 2006. Since 1997, mortgage originators and the capital markets have relied on CoreLogic to increase loan performance by making smarter lending and purchase decisions. The company’s PowerLogic(TM) Risk Decision Platform delivers fast, efficient,
    accurate, easy-to-use solutions. CoreLogic was recognized within the Inc. 500 and FinTech 100 in 2005 and 2006. For more information about CoreLogic, visit http://www.corelogic.com.
    About RES
    RES, a member of The First American Family of Companies, is America’s largest provider of advanced property and ownership information, analytics and services. RES’ database covers more than 2,900 counties representing 99.1 percent of the U.S. population. With more than 600,000 users nationwide, RES products are used by companies to improve customer acquisition and retention, detect and prevent fraud, improve mortgage transaction cycle time and cost efficiency, measure the value of residential and commercial properties, identify real estate trends and neighborhood characteristics, track market performance and increase market share. RES forms a minority part of FARES LLC, which is 80 percent owned by First American and 20 percent owned by Experian. More information about RES can be found on the Internet at http://www.firstamres.com.
    About The First American Corporation
    The First American Corporation (NYSE: FAF), a FORTUNE 500(R) company that traces its history to 1889, is America’s largest provider of business information. First American combines advanced analytics with its vast data resources to supply businesses and consumers with valuable information products to support the major economic events of people’s lives, such as getting a job, renting an apartment, buying a car or house, securing a mortgage and opening or buying a business. The First American Family of Companies, many of which command leading market share positions in their respective industries, operate within five primary business segments, including: Title Insurance and Services, Specialty Insurance, Mortgage Information, Property Information, and Risk Mitigation and Business Solutions. With revenues of $8.1 billion in 2005, First American has approximately 2,100 offices throughout the United States and abroad. More information about the company and an archive of its press releases can be found at http://www.firstam.com.
    Forward-Looking Statement Safe Harbor
    Certain statements made in this press release, including those relating to the impact of the transaction on the Company’s 2007 earnings, are forward looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements may contain the words “believe,” “anticipate,” “expect,” “predict,” “estimate,” “project,” “will be,” “will continue,” “will likely result,” or other similar words and phrases. Risks and uncertainties exist that may cause results to differ materially from those set forth in these forward-looking statements. Factors that could cause the anticipated results to differ from those described in the forward-looking statements include: interest rate fluctuations; changes in the performance of the real estate markets; access to public records and other data; general volatility in the capital markets; changes in applicable government regulations; heightened scrutiny by legislators and regulators of the Company’s title insurance and services segment and certain other of the Company’s businesses; consolidation among the Company’s significant customers and competitors; the Company’s continued ability to identify businesses to be acquired; changes in the Company’s ability to integrate businesses which it acquires; and other factors
    described in Part I, Item 1A of the Company’s annual report on Form 10-K for the year ended Dec. 31, 2005 and in Part II, Item 1A of the Company’s quarterly reports on Form 10-Q for the respective quarters ended Mar. 31, 2006 and June 30, 2006, in all cases as filed with the Securities and Exchange Commission. The forward-looking statements speak only as of the date they are made. The Company does not undertake to update forward-looking statements to reflect circumstances or events that occur after the date the forward-looking statements are made.
    Media Contact:
    David Schulz
    Corporate Communications
    The First American Corporation
    (714) 250-3298
    dschulz@firstam.com
    Investor Contact:
    Frank V. McMahon
    Vice Chairman and Chief Financial Officer
    The First American Corporation
    (714) 250-4401
    fmcmahon@firstam.com
    http://www.ta.com/news/news_detail.asp?id=1381997

  3. Premier Asset Services

    http://www.NorthernTrust.com Ready, Willing & Stable Focused on Protecting Your Assets

    8480 Stage Coach Circle, Frederick MD 866-518-2164 c/o Maryland REO Listing ‘Pittbullmortgageschool.com’ for example.

    Wells Fargo Bank, 8480 Stagecoach Cir, Frederick, MD. Tel: 301-668-2740

    http://www.fredericknewspost.com/sections/business/display.htm?StoryID=66905

    Codel said the Frederick site was a microcosm of the mortgage company. While about 1,000 of the employees are in service — handling payments from mortgage holders — the rest are in other fields.

    “We have people here in retail, loan origination, financing and technology,” said Mark Franceschina, vice president for corporate real estate and facilities services. “We are unique in that. Other than our headquarters building, other sites are only for servicing.”

    The company services about 6 million mortgages nationwide, he said.

    Codel said Wells Fargo is doing well, despite what he termed a challenging market.

    Cheryl Howard, senior vice president for Wells Fargo Home Mortgage Properties Group, said she had some trepidation when she initially saw the building site.

    “There were piles of earth and was told that sinkholes were a problem here,” she said. “That was our Frederick geology lesson.”

    Franceschina said the site had originally been looked at in 2001, “but it didn’t pan out at that time for us to locate here.”

    At that time, employees were in multiple buildings at the 270 Technology Park off Urbana Pike.

    “We signed a five-year lease over there and now, in 2007, we are here where we first looked at,” he said.

    The workplace is set up in an open design with cubicles that can be reconfigured. Even managers are in cubicles.

    Besides conference rooms, which must be reserved ahead of time, there are “huddle rooms” — small rooms for a few people who need privacy to talk without the need for a large conference room.

    “You don’t have to reserve them, just go in when you need to discuss something such as personnel,” he said.

    Information security is a key issue at Wells Fargo, he said. There are six revolving doors where employees, using pass cards, can enter.

    “They were expensive, but it allows only one person it at a time,” he said, noting that someone without a pass card couldn’t go right in behind an employee.

    The building has extensive security camera systems and some areas can be accessed only by a limited number of employees. Only a few are allowed into the data center, which uses palm print security systems for access.

    Although there are no immediate plans to expand, Franceschina said enough land exists for an additional wing onto the building. It is now divided into three wings, with hub areas between them.

    The company had as many as 1,900 employees during the refinance boom of 2003 to 2004, Franceschina said.

    “Eighty percent of our business then was refinancing.”

    When that died down, the staff level fell to about 1,200.

    “We’ve built back up since then to about 1,700,” he said.

  4. UCC1 STATUS:
    DEBTOR:
    NW FINANCIAL GROUP, LLC
    10 EXCHANGE PL
    JERSEY CITY NJ 07302
    UCC FILING 2443234
    SECURED PARTHY:
    CIT TECHNOLOGY FINANCING SERVICES, INC.
    1021 CENTURION PARKWAY NORTH
    SUITE 100
    JACKSONVILLE FL 32256

  5. WFHM Institutional Lending (CONDUIT) NORWEST MORTGAGE, INC.
    ATT: MS 122416 Jim Hamilton
    1 Home Campus MAC:2401-038
    Des Moines IA 50328
    CASHIER CHECK ‘ADVANCE FUNDING REQUEST’
    WET-INK ‘WITHDRAWAL FROM’ NON-DEPOSIT TRUST CO
    C/O INDENTURE TRUSTEE DBTCo FOR LEHMAN BROTHERS COMMERCIAL PAPER
    By Order Wells Fargo Home Mortgage (RELS TITLE) C/O FARES LLC DBA CORELOGIC 50% PARTNERSHIP NORWEST MORTGAGE, INC. (FARES – FIRST AMERICAN REAL ESTATE SOLUTIONS RENAMED ‘RES’) – TRICOR – FIDELITY NATIONAL (NORWEST CORP) RSSDID 1120754
    For Questions:
    WFHM Treasury 800-300-8643 lps nf loan

  6. BRUCE PARADIS & ‘MERRILL LYNCH’ ‘FAMILY TRUST’ PATRIARCH

    ——————————————————————————–

    RELS HISTORY:
    Rels is the nation’s premiere provider of credit, valuation, title and settlement products and services for the lending industry.
    Rels has been a leader in the industry for over two decades, which demonstrates the stability and reliability we provide to our clients. Today, we continue to build off our successful track record and excellent resources to continue to be the industry’s leading solutions provider. Our divisions work together toward a common goal: to accelerate and improve the entire lending process, while delivering a consistently positive borrower experience.

    RELS TITLE:
    And that’s why today, Rels Title is one of the nation’s largest, most respected title entities. We’re licensed for title work in 32 states and the District of Columbia, and we can facilitate transactions anywhere in the country.

    877-735-7725 – 8009 34th Avenue South, Suite 1300 – Bloomington, MN 55425

    RES DIRECT https://www.res-direct.com/Default.aspx
    SINGLE POINT TRANSACTION MANAGEMENT FOR LENDERS
    EMBEDDED TECHNOLOGY
    FACILITIES INTERNAL TRANSACTIONS, AND SELECTED VENDORS’ SERVICES
    BY INTEGRATING MULTIPLE PRODUCTION SYSTEMS AND PROCESSES AND PROVIDING DATA-DRIVEN REPORTING.
    SINGLE POINT OF ACESS – TO OVER 30 VENDORS, OVER 150 APPRAISAL, TITLE, FLOOD, TAX, LOAN AND ADDRESS VALIDATION PRODUCTS.
    ONLINE ORDERD, FROM ORIGINATION THROUGH DELIVERY, SERVICING AND DEFAULT MANAGEMENT.

    ‘RESDIRECT’ RELIABLE TECHNOLOGY PLATFORM ‘INFORMS’ YOUR LENDING PROCESS — FROM ONLINE LOAN ORDERS THROUGH SERVICING AND DEFAULT MANAGEMENT.

    ‘RELS’ ON LINKEDIN ‘NO WEBSITE’
    TODD BJORKLUND PRESIDENT RELS DEC 2005-PRESENT: PAST SVP WFHM (7/1984-12/2005) http://www.rels.info/bjorklund.htm
    LESLIE FOSTER – PRESIDENT RELS TITLE & SETTLEMENT
    DAN HACKMNAN – PRESIDENT RELS VALUATION
    STEVE STEINING PRESIDENT RELS TITLE A DIV OF THE RELS COMPANIES

  7. Each BOND over $5 Million with formal written agreement.
    Trustee of Indenture appointed for all bond issues.
    How did they comprosie rights of bondholders (investors)?
    By creating favorable defaults, coupled with events a bond issuer becomes insolvent, the appointed trustee may be given the right to seize the bond issuer’s assets and sell them in order to recoup the bondholders’ investments

    What Does Trust Indenture Act of 1939: A law passed in 1939 that prohibits bond issues valued at over $5 million from being offered for sale without a formal written agreement (an indenture), signed by both the bond issuer and the bondholder, that fully discloses the particulars of the bond issue. The act also requires that a trustee be appointed for all bond issues, so that the rights of bondholders are not compromised

    See any relationship here to why the INDENTURE TRUSTEE is responsible from the getgo?

    Indenture Trustee for Structured Asset Securities Corp (“SASCO”) Lehman Brothers pass thru agency is ‘Deutsche Bank Trust Co’

    Indenture Trustee ‘Wells Fargo Bank NA’ for Wilmington Trust Co passes ‘bonds’ individual notes to Aurora Loan Services, Inc., a conduit for Lehman Brothers Securities, Lehman Brothers Holdings, Inc. ‘REMICS’ and when Lehman Brothers SASCO REMICS went kaboom, who benefitted?

  8. BENEFICIARY CLOUD? Qualified Intermediaries. Who? Those who take first the ‘Assignment of Mortgage’ endorsement or statutory ‘indorsement’ in blank which ‘Fannie’e FHMLA 12 Regional National Banks are debtors as SERVICERS and FREDDIE’s Depository Trust Companies are responsible for COLLATERAL (secured party) adhereance to Federal Reserve Regulations.

    Residential Funding Corp 1985 as related to GMAC Mortgage (significant since GMAC Mortgage now equity partner with HOPE LoanPort c/o State of Maryland. GMAC Mortgage Acceptance Corporation’s strategic partnership with Norwest Corp 12/31/1995 clearly documented ffiec.gov federal reserve system.
    tem,

    1985 – Residential Funding Corp part of Norwest Corporation. New ‘affiliate’ Norwest Mortgage Inc. in strategic partnership with GMAC.

    June 1998 – Wells Fargo Bank NA replace GMAC – Residential Funding Corp as Indenture Trustee for Wilmington Trust Company

    GMAC-Residential Funding Corp & Norwest Mortgage Inc. already ‘Indenture Trustee of Wilmington Trust Company.

    June 1998 Wells Fargo Bank NA the former Wells Fargo Bank Company prior to merger of Norwest Corp & Wells Fargo Bank Company 11/2/1998, in June 1998, Wells Fargo Bank NA took over as Indenture Trustee all active Registration Statements (S-3) and (S-3/A) for the Shelf Companies.

    3/1998 ‘RELS TITLE and ATI TITLE part of Norwest Corp & ‘Reliance Financial, part of Norwest Corp, strategic partnership with Lawyers TItle Corporation, who merged all the nationwide lawyers and 11 Bank Credit Facility, and Lawyers Title Corporation, connected over internet THE CLOUD, care of portals, include TD Services, title and settlement mergers and benefactors are the 11 Bank Credit Facility which appear to comprise the current ClearingHouse members:

    ABN AMRO Bank N.V.;
    Bank of America, National Association;
    The Bank of New York Mellon;
    Citibank, N.A.;
    Deutsche Bank Trust Company Americas;
    HSBC Bank USA, National Association;
    JPMorgan Chase Bank, National Association;
    UBS AG;
    U.S. Bank National Association; and
    Wells Fargo Bank, National Association.
    Clearing House Members

    http://www.scribd.com/doc/71445327/06-1998-WFBankNA-DBA-Wilmington-Trust

  9. @E.Toile

    Last weekend, you sent me that funny mathematic formula when I bitched about those esoterical posts. Actually, people came to my rescue. Mathematic formulas no longer needed… Thanks for anwering anyway.

  10. @ Enraged, say again? I don’t follow you.

  11. @E.Toile

    I need a favor. Could you send me the formulas for the last three posts? Can’t decipher them…

  12. the 1% are now victims————-

  13. debt jubilee every 50 yers per citigroup chief economist,

    @22 minutes into the clip————

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