Broker fined for signature cut-and-paste

Broker fined for signature cut-and-paste

There are 13 comments on the Bennington Banner story from Jan 19, 2011, titled Broker fined for signature cut-and-paste. In it, Bennington Banner reports that:

A local mortgage broker was fined by the state and told to stop working with mortgages in Vermont for six months because the state found she had cut and pasted clients' signatures onto documents.

Join the discussion below, or Read more at Bennington Banner.

nana says

Salem, NH

#1 Jan 20, 2011
That was stupid - really - sounds like they just needed something to do in Montpelier? If they didn't get statments from the clients then they know this lady had permission to use this method. A $1,000.00 and 6 months? How much money to charge her? Another waste of our taxe dollars in VT - First we know of the DA here wasting our money - now I guess we know she gets her ideas from Montpelier on how to really waste tax dollars. I am sure if the said th the lady - we are going to suspend you from VT for 6 months she would have agreed to that instead of getting a lawyer herslef and have hearings and money wasted? This is so stupid.

Since: Aug 09

Canaan, CT

#2 Jan 20, 2011
Doesn't matter if they gave her permission to do it or not. It's apparently perfectly acceptable to forge names to checks and drain someones bank account and then just SAY they gave you permission just ask several ppl who have gotten away with it around here. So why should this be any different? Must be someone was affected personally or I'm sure they wouldn't have wasted any time or resources following this at all.
Really

Grand Isle, VT

#3 Jan 20, 2011
That seems like a totally comparable analogy, there BenningtonCat. As someone who has worked with this woman, and I know for sure others have experienced the same, her number one priority is her customers. I ENCOURAGE ANYONE WHO HAS WORKED WITH HER TO SHARE YOUR EXPERIENCE! To run her name through the mud over a technicality is disgusting!
Bob S

Fort Ann, NY

#4 Jan 20, 2011
If she had the permission to do so, and all the info was on the up and up, this was a waste of time. The intent was clear. I don't want to hear about the banks being strict given the bailout cash they are all sitting on and NOT lending---I recently went through a home loan process and they were not strict---they were UNREASONABLE given my excellent credit and cash history. My mortgage loan person did all she could to expedite the 1000 pages of useless things I had to send in, and I was glad for it. Ridiculous, really.
SHAM

Bennington, VT

#5 Jan 20, 2011
Her first priority is her customers when she is around them or in an atmosphere where there are "potential" customers. She is as fake as they come and I am surprised it took this long for someone to catch on to her. If you were a previous customer I would go through your paperwork with a fine tooth comb because I am sure some of you are paying for her current lifestyle.
just wondering

Argyle, NY

#6 Jan 20, 2011
Having known Peggy for a very long time - and known her well, both in business and personally, I just wonder why she did this stupid thing and for whom. Peggy's worst fault seems to be "Blind loyalty" and not picking her "friends" too carefully. It is a sad commentary on a very intelligent and basically very good person. I wish her well.
Yeah Right

Watervliet, NY

#7 Jan 21, 2011
I've sold one home and bought two using Peggy as a broker and could not have been happier. She has always been great to deal with and extremely helpful. To put her and her family through this when there was no personal gain as stated by the Judge in the article is ridiculus. I would not hesitate a second to hire her again if I needed to sell or buy another home. I'm sorry for both Peggy and Robert for having to go through this.
BEWARE OF PEGGY COTTRELL

Albany, NY

#8 Jan 21, 2011
NEXT TIME YOU APPLY FOR A LOAN AND HER NAME IS ON IT, BEWARE!!!!. There's more to the story than what's being told.....
POPPY

Williston, VT

#9 Jan 25, 2011
Really wrote:
That seems like a totally comparable analogy, there BenningtonCat. As someone who has worked with this woman, and I know for sure others have experienced the same, her number one priority is her customers. I ENCOURAGE ANYONE WHO HAS WORKED WITH HER TO SHARE YOUR EXPERIENCE! To run her name through the mud over a technicality is disgusting!
Ask the people that did work with her. The greed got the best of her. It happens. They will tell you the truth now. Ask them what she put them through during the investigation and how she jeopardized their jobs and the company she worked for. Sorry but sometimes we dont' know people as well as we think.
teah

Williston, VT

#10 Jan 25, 2011
nana says wrote:
That was stupid - really - sounds like they just needed something to do in Montpelier? If they didn't get statments from the clients then they know this lady had permission to use this method. A $1,000.00 and 6 months? How much money to charge her? Another waste of our taxe dollars in VT - First we know of the DA here wasting our money - now I guess we know she gets her ideas from Montpelier on how to really waste tax dollars. I am sure if the said th the lady - we are going to suspend you from VT for 6 months she would have agreed to that instead of getting a lawyer herslef and have hearings and money wasted? This is so stupid.
BISHCA is a great resource for many Vermont residents. They have helped hundreds of people over the years to resolve problems with insurance and banking issues that are unjust. I believe they would not waste their time on something unjustified...my question is this: How often does the Commissioner revoke the recommendations of the hearing officer's findings at the very last minute after apparently agreeing with the findings initially? Sounds to me like the Commissioner and the attorney defending the loan officer play golf together!
SHAME ON YOU

Argyle, NY

#11 Jan 27, 2011
Not only shame on Mrs. Cottrell for lining her own pockets at the expense of innocent consumers, perhaps that is the purpose of "cutting and pasting" documents, but shame on Wells Fargo for hiring a loan officer fired for loan fraud. Furthermore shame on the Commissioner for continuing to hurt the consumer in this economic state.
dumbest

Bennington, VT

#12 Jan 27, 2011
SHAME ON YOU wrote:
Not only shame on Mrs. Cottrell for lining her own pockets at the expense of innocent consumers, perhaps that is the purpose of "cutting and pasting" documents, but shame on Wells Fargo for hiring a loan officer fired for loan fraud. Furthermore shame on the Commissioner for continuing to hurt the consumer in this economic state.
Are you stupid, or just too lazy to read?
Shame on you Too

Argyle, NY

#13 Jan 29, 2011
The public doesn't realize she was a commissoned employee and benefited financially from cutting and pasting documents! That's why she did it...because she benefited by altering documents...

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