Employees of DocX, a unit of Lender Processing Services of Jacksonville, Fla., executed and notarized millions of mortgage documents for big banks and loan servicers over the years. lender processing closed the company in April 2010, after evidence emerged of apparent forgeries in these documents, a practice now called robo-signing.
Lenders Slow Foreclosures By 5% in 2010, Boosting Shadow Inventory: RealtyTrac Green Tree earns top marks in Fannie Mae mortgage servicer ratings Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions: ¨ Written communications.Foreclosure activity during the first six months of 2011 recorded a 25% decrease from the previous six months and a 29% decrease from the first half of 2010, according to new data released by Irvine, Calif.-based RealtyTrac. However, RealtyTrac warns that the new statistics should not be viewed as evidence of an improving housing market.Executive Conversation: Dan Sogorka on TRID solutions SALT LAKE CITY, Utah, Feb. 25, 2019 (SEND2PRESS NEWSWIRE) — TRK Connection (TRK), a leading provider of mortgage quality control (QC) and origination management solutions, announced that its flagship mortgage QC audit platform Insight Risk & Defect Management (RDM) is now available through the ellie mae encompass digital lending platform via Ellie Mae’s Encompass Partner Connect APIs.
Florida Default Law Group and the Law Offices of David Stern, two of the law firms under investigation by the Florida Attorney General. Second, Wells Fargo used Docx in Alpharetta, Georgia to produce mortgage assignments used in thousands of Wells Fargo foreclosures. Many different employees signed the name “Linda Green” on these documents.
· The Home Equity Theft Reporter Cases & Articles. has agreed to pay $1.75 million to settle federal allegations that it broke the law by trying to collect debts people didn’t owe. The Federal Trade Commission (FTC) said it is the second-largest civil penalty it has obtained against a debt collection firm.. Florida AG Tags LPS, Docx With.
KBRA: High compliance costs will drive commercial lenders from mortgage space Mortgage loan servicing was among the many critical processes that broke down during the 2008 housing crisis. That breakdown turned a quiet back-office operation into a focal point of legislative, regulatory, and consumer action, resulting in laws and regulations that have the potential to drive up operational costs for the mortgage
CFPB targets zombie foreclosures LPS settles with Delaware AG over DocX loan documentation allegations OCC: Number of loans in foreclosure reaches a three-year low Bill would cut all funding to HUD Get full access to The Modesto Bee content across all your devices.. in December that HUD would reduce its funding by the $385,135 for the 2018-19 budget year.. will not cut back its.Obama.
Goldman Sachs legal costs could lift amid mortgage investigations OCC: Mortgage performance improves in third quarter The average profit per mortgage originated fell to $480 in the third quarter, down from $580 in the second quarter, according to the Mortgage Bankers Association’s (MBA) Quarterly Mortgage Bankers.The award recognizes the most innovative technology companies in the U.S. housing economy, spanning real estate, mortgage lending, mortgage servicing and investments..contents insights mobile app. research publications data scientists.. calyx software model – version 4.0 Pump flow rate Homeowners avoid foreclosure Delivers abn amro corelogic.
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.
LPS Settles With Missouri AG in Signing Errors Case. Koster obtained criminal indictments against DocX related to its alleged role in the mortgage-document surrogate signing scandal of 2010.
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.
Between January 1, 2008, and December 31, 2010, LPS subsidiaries, LPS Default Solutions Inc. and DocX LLC were authorized by particular residential mortgage loan servicers to sign or assist with.