Robo-stamped | Full Deposition of Michele Sjolander Executive Vice President of Countrywide Home Loans
Q – I mean, have you ever personally, you know, with
a pen signed an endorsement on a promissory note?
A – No.Below is the full deposition of Michele Sjolander, an alleged Executive Vice President of Countrywide Home Loans, Inc. Her stamped signature “appeared” on the promissory note late in the lawsuit with Bank of America and others months after employees of both Fannie Mae and BAC Home Loans Servicing filed affidavits that an un-endorsed note was the “true and correct copy” in the case.
Apparently these types of “ta-da” endorsements are fairly common for Countrywide and a lot of them have the names of Michele Sjolander and Laurie Meder on them. The Defendants in the case had gotten Mrs. Sjolander to sign a Declaration that the “ta-da” endorsement in the case was in fact “true and correct” after twice trying to enter the endorsed note in the record without authentication.
Then there was an opportunity to depose her on January 25th, 2012 in Van Nuys, California. At the deposition, she revealed that she did not place the endorsement on the note and in fact is not allowed into the area where endorsing is supposedly done (at Recontrust, by Recontrust employees) without an escort.
She also stated that she does not know the name of the person who supposedly did place the endorsement on the note. She stated that the endorsement is placed on the notes with a rubber stamp onto which is carved her name, Laurie Meder’s name, and all the other information that appears on the endorsement.
In other words, the Countrywide Bank, FSB endorsement to Countrywide Home Loans, Inc. (using Laurie Meder’s name) and the Countrywide Home Loans, Inc. to “blank” endorsement (using Michele Sjolander’s name) is a single stamp that is purportedly placed on notes by employees of Recontrust. That is why the two endorsements line up perfectly.
Mrs. Sjolander even admitted that there is no way to know for sure when the endorsement on the note was placed there, obviously a crucial issue.
Long story short, it appears that Mrs. Sjolander’s only connection to the note in the case–and presumably in other cases–is that her stamped named appears on the purported endorsements.
She has no personal knowledge of when or if the notes are actually stamped at the Recontrust vaults.