robo-signer

robo-signer
n.
A person who signs a legal document without reading it or understanding the document's contents. Also: robosigner.
Example Citations:
Joining her were Michael Redman, whose foreclosure blog drew the White House into the controversy, and Thomas and Ariane Ice, who run a boutique law firm that was the first to depose "robo-signer" Jeffrey Stephan of Ally Financial's GMAC mortgage unit in December.
—Ariana Eunjung Cha, " Florida activists read between the lines on foreclosure paperwork: http://www.washingtonpost.com/wp-dyn/content/article/2010/10/20/AR2010102006774.html," The Washington Post, October 21, 2010
Bank of America and several other institutions, including JPMorgan Chase and GMACMortgage, halted foreclosures in late September and early October amid a growing controversy over problematic documents, including so-called robo-signers — bank employees who say they signed foreclosure affidavits without reviewing the documents.
—Nelson D. Schwartz, " Foreclosures Had Errors, Bank Finds: http://www.nytimes.com/2010/10/25/business/25foreclosure.html," The New York Times, October 25, 2010
Earliest Citation:
The problem is in the vast majority of cases where these documents are produced, the person signing the documents does not have the legal basis to swear to the facts placed on the paper they are signing. We know from depositions taken of these "robo signers", that they don't even read the documents placed in front of them and the notaries and witnesses that are supposed watch them they sign are not present.
—Matt Weidner, " Part III-MERS, Foreclosure Fraud and Document Mills: http://mattweidnerlaw.com/blog/2010/01/part-iii-mers-foreclosure-fraud-and-document-mills/," Matt Weidner Blog, January 8, 2010
Notes: Related Words: Categories:
this also applies to credit card receiptsPlease see the following Wall Street Journal Report where Robbie Whelan confirms your reporting of the first use of the term "robo signer"
http://online.wsj.com/article/SB10001424052702304410504575560072576527604.html?KEYWORDS=robo+signer: http://online.wsj.com/article/SB10001424052702304410504575560072576527604.html?KEYWORDS=robo+signer

New words. 2013.

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