Mortgage technology services provider Lender Processing services (.61 0.47%) settled a major investigation launched by the Delaware Attorney General against its DocX subsidiary. 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 in.
WHEREAS, although LPS Default Solutions, Inc., and DocX, LLC, ceased providing document execution services to Examined Servicers in or around February 2010, LPS or subsidiaries of LPS continue to provide certain document execution services to statutory trustees
Delaware Corporation, and DOCX, LLC, a Georgia Limited Liability Company, and notarization practices as they relate to Mortgage Loan Documents as well as LPS’ relationships with attorneys representing the. CONSENT DECREE AND JUDGMENT 8 ATTORNEY GENERAL OF WASHINGTON 1125 Washington.
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Zillow sweetens paid leave for new parents LPS settles with Delaware AG over DocX loan documentation allegations News Archives – Page 1020 of 1609 – DSNews – As part of the agreement under the national mortgage settlement, Bank of America has completed or approved more than $4.75 billion in principal reductions on first mortgages, with.
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The consumer confidence index of the New york-based business research organization posted a reading of 61.5, down from 67.6 in April.Growing pains for Mr. Cooper? Nonbank takes big loss thanks to lower interest rates LPS settles with Delaware AG over DocX loan documentation allegations WTH is a reverse mortgage? To some extent.
$3B Fannie Mae bulk MSR portfolio hits market The value of our investment in mortgage servicing rights increased during the quarter as interest rates rose, resulting in a positive 20.8 million pretax fair market value adjustment to the MSR..Mortgage fraud risk rises as jumbos attract more attention Civil litigation, especially cases involving claims of fraud and deceit, may also attract the government’s attention (sometimes in. will stay the civil litigation if one or more parties can.
Mortgage servicing giant Ocwen will pay $225 million in refunds and loan forgiveness to Californians, settling allegations that sloppy practices led to violations of state and federal mortgage rules. The current expansion into Non-QM and mortgage servicing has been under way for months. Yes, Impac is currently in a state of flux.
a Delaware Corporation; LPS DEFAULT SOLUTIONS, INC., a Delaware Corporation, and. The Attorney General and LPS are represented by counsel and have agreed on a basis for. employees signed Mortgage Loan Documents in the name of other DocX employees, who were.
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The Justice Department statement explained that over a 6-year period ending in 2009, employees of DocX falsified signatures on mortgage-related documents. Brown and others at DocX were accused of directing authorized signers to allow unauthorized staff to sign and have documents notarized in order to increase profits.