Lorraine Brown, 56, Alpharetta, Georgia, a former executive of Lender Processing Services Inc. (LPS) – a publicly traded company based in Jacksonville, Fla. – was sentenced to serve five years in prison for her 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 Florida.
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Lorraine Brown, 51, Alpharetta, Georgia, former president of mortgage document processor DocX, was sentenced to 40 months to twenty years in prison on one count of Conducting Criminal Enterprises (Racketeering) for her role in authorizing the fraudulent signing of mortgage documents filed in Michigan.
Lender Processing Services Inc., Jacksonville, Florida, a publicly traded mortgage servicing company, 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.
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Lorraine Brown, 51, Alpharetta, Georgia, former president of mortgage document processor DocX, pleaded guilty to racketeering for her alleged role in authorizing the fraudulent signing of mortgage documents filed in Michigan.
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Lender Processing Services, Inc., and its subsidiaries, LPS Default Solutions and DocX, reached a civil settlement concerning allegations of robo-signing, of which Idaho will receive $890,995.
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DOCX, a mortgage-services company, and DOCX parent company Lender Processing Services, Inc. (LPS), settles criminal proceedings with the State of Missouri.
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