General Counsel Stephen C. Porter Leaves Barrett, Daffin, Frappier, Turner & Engel, LLP
By Daniel Edstrom
DTC Systems, Inc.
Leaving behind a wave of (at a minimum) thousands of questionable title records, General Counsel Stephen C. Porter leaves the services of Barrett, Daffin, Frappier, Turner & Engel, LLP. Apparently Mortgage Contracting Services like what they see in Porter and signs him on as General Counsel. No disclosure of Porters questionable activities is likely forthcoming as it appears Mortgage Contracting Services is not a publicly traded company.
It is not known if Porter has disclosed that he is Vice President of Loan Documentation for Wells Fargo Bank or if Porter is still an officer of Wells Fargo Bank. It is also not known if Porter has disclosed that he is an assistant secretary of Mortgage Electronic Registration Systems, Inc. (“MERS”) or if Porter is still an assistant secretary of MERS.
What remains to be seen with the many variations of Porters signature left on recorded documents in the Official Records of recorders offices across the country, only time will tell. At least in Pennsylvania the outcome might be very clear. Unless Montgomery County, PA Recorder of Deeds et al vs. MERSCORP, Inc., and Mortgage Electronic Registration Systems, Inc. is appealed and overturned. The Courts ruling in that case came out on July 1, 2014.