Lender Processing Unit Indicted in Missouri for Forging Mortgage Documents
Stock Chart for Lender Processing Services Inc (LPS)
A Boone County grand jury handed down the 136-count indictment against Docx and founder Lorraine Brown alleging that a person whose name appears on 68 notarized deeds of release didn’t actually sign the paperwork, Missouri Attorney General Chris Koster said in a statement yesterday.
“When you sign your name to a legal document, it matters,” Koster said. “Mass-producing fraudulent signatures on millions of real estate documents across America constitutes forgery.”
Lender Processing, based in Jacksonville, Florida, says about half of all U.S. mortgages by dollar volume are serviced using its loan-servicing platform.
Michelle Kersch, a Lender Processing spokeswoman, didn’t immediately return phone and e-mail messages seeking comment on the indictment. The indictment was reported earlier in the New York Times.
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