Registers of Deeds vs MERS 5/21/13
Fidlar Technologies 6th Annual Educational Symposium
Mr. Hultman began with a Power Point on the benefits of his company. He spoke for an hour. Our panel addressed the group next. We came at him first and foremost on consumer protection. The idea that the system of recording to the public record documents pertaining to the ownership of property have been at the local level since the beginning and they belong at the local level, regardless of the needs and wants of the bloated banking industry.
I spoke of the intelligence of the men behind the curtain who for decades have been lobbying our government for further and further erosion of financial regulation. I spoke of the lack of understanding from these geniuses of the lack of sophistication of the public that they have swindled. I spoke of my citizens who are on the land at work, not behind a computer, and their inability to comprehend that an equity loan taken out would end up in a securitized trust to be bounced about in a virtual rat race.
One member of the panel was there at the beginning. She spoke of the promises made at the birth of MERS. The answer, we have new management. The virus has morphed, again and again.
One of Mr. Hultman’s slides that touted the synergy of MERS with a possible national mortgage registration system, and touted the state of the art help desk centers of HP and Genpact.
Mr. Hultman did not care for my point on Genpact. He leapt to his feet when I stated the following to the great Midwest, “ In October of 2012 Bain Capital purchased 30% of Genpact which is an India based call center under a 7 year contract with MERS. The cutting edge American companies have acknowledged that the concept of foreign based call centers does not work for the American people and they are bringing these call centers back with the jobs associated, NOT planning on shipping them out, increasing the distance between the homeowner and someone ANYONE who can answer their questions regarding the loan status of their most prized possession, their home. “
His answer as his hands waved about, “We have no call centers in India, just data.” I took back the microphone and said “for now.”
The scariest slide of all was the one that looked to MERS next goal to morph into e-recording. So they are letting the smaller e-filing entities achieve best practices, and then they will take over that system. What is next? Truly frightening! Mr. Hultman’s attitude? He speaks in circles and says nothing. He is a Pro.
Time was short; I had so much more to say. My goal is not to put the final stake in the heart of this beast, but to educate and inspire the other 200 or so local public servants who are committed to the value of the public record. I hope they will return to their counties empowered to speak to their legislators about the value of local control.
Fidlar Technologies 6th Annual Educational Symposium
Mr. Hultman began with a Power Point on the benefits of his company. He spoke for an hour. Our panel addressed the group next. We came at him first and foremost on consumer protection. The idea that the system of recording to the public record documents pertaining to the ownership of property have been at the local level since the beginning and they belong at the local level, regardless of the needs and wants of the bloated banking industry.
I spoke of the intelligence of the men behind the curtain who for decades have been lobbying our government for further and further erosion of financial regulation. I spoke of the lack of understanding from these geniuses of the lack of sophistication of the public that they have swindled. I spoke of my citizens who are on the land at work, not behind a computer, and their inability to comprehend that an equity loan taken out would end up in a securitized trust to be bounced about in a virtual rat race.
One member of the panel was there at the beginning. She spoke of the promises made at the birth of MERS. The answer, we have new management. The virus has morphed, again and again.
One of Mr. Hultman’s slides that touted the synergy of MERS with a possible national mortgage registration system, and touted the state of the art help desk centers of HP and Genpact.
Mr. Hultman did not care for my point on Genpact. He leapt to his feet when I stated the following to the great Midwest, “ In October of 2012 Bain Capital purchased 30% of Genpact which is an India based call center under a 7 year contract with MERS. The cutting edge American companies have acknowledged that the concept of foreign based call centers does not work for the American people and they are bringing these call centers back with the jobs associated, NOT planning on shipping them out, increasing the distance between the homeowner and someone ANYONE who can answer their questions regarding the loan status of their most prized possession, their home. “
His answer as his hands waved about, “We have no call centers in India, just data.” I took back the microphone and said “for now.”
The scariest slide of all was the one that looked to MERS next goal to morph into e-recording. So they are letting the smaller e-filing entities achieve best practices, and then they will take over that system. What is next? Truly frightening! Mr. Hultman’s attitude? He speaks in circles and says nothing. He is a Pro.
Time was short; I had so much more to say. My goal is not to put the final stake in the heart of this beast, but to educate and inspire the other 200 or so local public servants who are committed to the value of the public record. I hope they will return to their counties empowered to speak to their legislators about the value of local control.
