Merscorp Replaces Corporate Secretary Bill Hultman a Month After CEO Departs

Merscorp Replaces Corporate Secretary Bill Hultman a Month After CEO Departs

Merscorp Replaces Corporate Secretary a Month After CEO Departs

Merscorp Inc., operator of the electronic mortgage-registration system under criticism by consumer advocates amid a probe into lender foreclosure errors, replaced Bill Hultman as its corporate secretary.

General Counsel Sharon Horstkamp is taking over the job, Karmela Lejarde, a spokeswoman for the Reston, Virginia-based company, said in an e-mail today. Hultman remains a senior vice president and corporate division manager, she said.

Merscorp has made a series of changes as courts debate what role it has, if any, in home foreclosures. Chief Executive Officer and President R.K. Arnold, who hired Hultman in 1998, retired last month. The company also is examining reforms, including a proposed rule change on the company’s website Feb. 16 that would stop members from foreclosing in its name.

“They’re trying to clean up their house,” said Christopher L. Peterson, a law professor at the University of Utah inSalt Lake City who has written law-review articles critical of the company. “I’m not sure Hultman was the problem. It seems to me the problem is the business model.”

Lejarde declined to comment on the reason for the change in Hultman’s role. A telephone message left for Hultman wasn’t immediately returned.

Check out the rest here…

17 Responses

  1. @Mike, thanks for the laugh!

  2. Ms Horstcamp has been MERS in house counsel since at least 2008.

  3. I sent a link to Mr. Hultman’s depo in Upke. Here is a link to a different litigant’s subsequent up-shot of that depo to the court:: the MERS around now is actually MERS III and it failed to adopt resolutions of MERS I and II and that Hultman is improperly granting MERS’ (straw) officer status, including to non-MERS members.

  4. Well, Mr. Hultman seems to have been MERS’ mouthpiece in declarations and depositions. I’ve been following him for awhile now. Try these eye openers on Mr. Hultman and MERS:
    I see him as a loose canon, which was good for us.

  5. Funny how all the licensing & certificate nonsense is just de-facto.
    marriage,driver, biznes [lol],birth,death,car,home, bla bla,… the army of sheep ….blaaah .

  6. LOL – Let’s get this circulating. Maybe it will help to show the absurdity and fraud of MERS in a way that can be understood.

  7. Sounds to me like these officers think that if they resign, they’re off the hook legally. Au contraire, mon frere! It’s a little late to clean house now; the damage is already done, and I wouldn’t be a bit surprised if MERS isn’t dismantled, piece by piece.

  8. Thanks for the laughs,your very quick on your feet.Levity is essential for all of us engaged in this lunacy and helps to get rid of some of the darkness and chicanery that we have all suffered.

  9. Mike

    Thanks for laugh!!

  10. Pamela Edwards,

    We apologize for disregarding two of your questions. To clarify, SERSCORP is not a Bear Stearns Financial Product.

    SERSCORP is a remotely bankrupt vestigal construct of Pair Churns, and an independently-operated arm of the (MBA) Marriage Breakers Association, which is powerful corporate hobby on Okay Street in Washington, DC.

    As far as funding is concerned, here at SERSCORP, we put the “fun” in “funding” by using our own proprietary version of electronic currency that is too difficult for people outside of the Marriage Breaking Industry to understand.

    Again, thank you for your interest in SERSCORP.

  11. Somebody may be avoiding subpoenas, testifying under oath, being responsible, etc. Replacing him with an attorney seems a bit suspicious as well. MERS needs to go big time.

  12. Pamela Edwards,

    Thank you for your interest in SERSCORP.

    Actually, the SERS business model of public(ish) recordings is based on an age-old recording system that pre-dates PUBLIC recording systems. It is a reflection of days gone by–when a friendly handshake (or weapon of lethal force) was considered binding.

    As far as your question regarding our HUMP Modification Program–you would first have to meet certain criteria to be considered for our Try-all HUMP Program; the first of which being the cessation of current marital relations, with continued abstinence for a period of three months. The viability of your current marital arrangement can only be assessed after you have irrevocably harmed it.

    We appreciate your marital business here at SERSCORP, and encourage you to direct all other questions to a not-yet-determined call center overseas where our customer service representative will be happy to not answer your questions.

  13. Wow, I can’t wait wait until SERS becomes the common accepted business model.Is securitization going to be included.BTW is this a BEAR STERNS financial product?If in fact it is a SERSCORP marriage and securitized will this be funded everytime it is assigned allonged sold or tranferred. And finally can I get a HUMP modification on this?Any help you can give me would really be appreciated.

  14. Funniest thing I’ve read in a long time! Needed a good laugh. Perhaps we should use this in court as an educational “tool” that may help the lawyers and judges “get it”. Now, where do I register.

  15. I have finally come to one conclusion: if you can’t beat ‘em, join ‘em!

    My proposal is quite simple–a paperless marriage recording system, called SERS, (Spouse Electronic Recording System) for the electronic recording of marriages. To avoid the high costs of (not to mention the hassle of) the filing of marriage certificates, a SERS member would be able to simply record himself or herself as a “nominee” for A marriage to A spouse. The SERS system will record that A marriage has taken place, but the person to whom the SERS member becomes married does not have to be specified until just prior to the termination of the marriage–via divorce or death.

    In this manner, one is able to “leave one’s options open.” It is a perfect system for those who would like the stability of the institution of marriage, yet, at the same time, yearn for the flexibility of non-commitment. It announces to the world, “I’m married–I’m just not saying to whom it is that I am married.”

    Mind you–the flexibility provided by SERS would have its limits. For example, a SERS marriage could only be assigned to a SERS member, and the marriage would have to be “officiated” by a SERS authorized officer. Nevertheless, virtually anyone with a pulse, $25 for an official SERS certifying officer stamp, an ink jet printer, and access to a SERS terminal could become a certifying officer of SERS. (And then there is Provision K, the “Kunkle Provision,” which provides for dead certifying officers, as well.)

    At the “consecration” of the relationship–which is technically an “agency relationship,” the marriage will be given a SIN number, or Spouse Identification Number. In this manner, through the SIN number, any married person can track who their actual spouse is–except in the case of most situations–where the SERS member prefers to keep that information private. Rest assured, however, if you die or if you cause a divorce, a spouse will be assigned to you at least 30 days prior to such death or divorce, except in the case of most situations, where the spousal nominator doesn’t know what the heck is going on—wherein an assignment will be backdated to reflect that the spousal assignment transpired 30 days prior to said death or divorce.

    Due to the high-tech nature of the proprietary data tracking software used by SERS, only one employee of SERSCORP will be necessary, and the cost of her salary and generous bonus structure will be virtually unnoticeable as it is skimmed off one marriage transaction fee at a time as SERS marital swaps are traded seamlessly Over The Counter through Cayman Island accounts. Due to the swapping functionality enabled by their individual (original) SINs, SERS marriages will facilitate the marital churning process without the pain, humiliation, or cost of conventional marital swapping. The cost of SERS transaction fees will be recouped in the sheer volume of marital business as marriage certificates are securitized into MBS (Marriage-Backed Securities.)

    Keep in mind that many marital swaps can be transacted over the life of a SERS marriage, and the nominee spouse will be unaware of such arrangements. However, therein lies the genuine excitement that only fraud-ridden obfuscation could ever bring to a marriage. (Will my nominee spouse be long? Will my nominee spouse be short? Will my nominee spouse be naked? Will my nominee spouse purchase enhancements? Will my nominee spouse be synthetic? Will my nominee spouse be square?)

    At SERSCORP…we’ll put the SERS in Sersprise!

  16. Very interesting as Chase had me sign a mod in 2010 to save my home stating that MERS is the owner of my note and they can foreclose. I will not hold my breath on them cleaning up anything.

  17. Nothing to see here , move along now …

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