LPS settles with Delaware AG over DocX loan documentation allegations

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LPS, which provided technology and services to lenders such as Wells Fargo & Co. and JPMorgan Chase & Co., has faced accusations that it filed fraudulent documents used in the repossession of homes. Fidelity National’s Service Link subsidiary is responsible for the new settlement.

The investigation, which centered around the firm’s loan document execution practices, ended with LPS agreeing to pay the state $150,000 in lieu of penalties and reimburse the Delaware AG’s office.

 · Florida AG Tags LPS, Docx With Subpoenas Ordering Firms To Fork Over Foreclosure Documents, Vendor Contracts As State Robosigner Probe Expands, Florida AG’s subpoena (in the investigation of fidelity national financial, Lender Processing Services (LPS), and DOCX), DOCX document "fabrication" rate sheet for a variety of foreclosure documents.

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Lender Processing Services Inc. (LPS), a publicly traded mortgage servicing company based in Jacksonville, Fla., has agreed to pay $35 million in criminal penalties and forfeiture to address its participation in a six-year scheme to prepare and file more than 1 million fraudulently signed and notarized mortgage-related documents with property recorders’ offices throughout the United States.