Sunday, April 10, 2011

LPS Announces It Has (Finally?) Added 'Integrity' To Software For Use In F'closure Document Management Capabilities; Declines Comment For National TV

The Palm Beach Post reports:

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  • In countless foreclosure cases, attorneys have argued that Docx, a defunct subsidiary of LPS, used so-called robo-signers to sign sworn affidavits claiming they had "personal knowledge" of a foreclosure case, often without reviewing the documents.
  • One former employee told a 60 Minutes reporter that he signed the name of a co-worker, Linda Green, as fast as he could on thousands of documents. A notary who formerly worked for LPS said she was told to notarize documents without witnessing the signature.

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  • LPS, which bills itself as the nation's largest provider of mortgage processing services, declined to comment on its software upgrades or the allegations in the 60 Minutes segments.

For more, see Firm says its new software ensures the soundness of foreclosure papers.

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