Business Week-
Lender Processing Services Inc. (LPS) (LPS) agreed to pay Missouri $2 million to resolve a case against its DocX LLC over so-called robo-signing of mortgage-related documents.
A Columbia, Missouri, grand jury in February handed down a 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 those papers, Missouri Attorney General Chris Koster said then.
“Under the agreement, LPS will pay the state of Missouri $2 million and will cooperate with the Attorney General’s Office in its continuing criminal investigation” of Brown, Koster said in an e-mailed statement today.