Feds Investigating LPS Subsidiary DOCX

Well well well…

I wonder if this has anything to do with The Whole Country is BOGUS – Fabricated Mortgage Assignments All Over the Country???

Jacksonville Business Journal – by Rachel Witkowski Staff reporter

The U.S. Attorney’s Office in Tampa is investigating a subsidiary of Lender Processing Services Inc. that processes mortgage documents for lenders.

Jacksonville-based company (NYSE: LPS) stated in its 2009 annual report that the U.S. Attorney’s Office of the Middle District of Florida recently began inquiring about the business processes of a subsidiary, DOCX LLC, based in Alpharetta, Ga.

LPS also acknowledged that there was an “error” in DOCX’s business processes and LPS immediately corrected it, according to the annual report filed with the U.S. Securities and Exchange Commission.

“We have representatives speaking with the U.S. Attorney’s Office and we are cooperating with all inquiries made by the U.S. Attorney’s Office,” said Michelle Kersch, LPS’ senior vice president of marketing and corporate communications, in an e-mailed response. “We changed the business process that created the technical error, provided additional training to our employees and corrected documents.”

The U.S. Attorney’s Office declined to comment on its investigation.

Kersch said LPS was contacted by the U.S. Attorney’s Office in February. That same month, another investigation by the Clerk of Superior Court in Fulton County, Ga. into DOCX had closed without taking any further action, officials said.

LPS has become a dominant player in the mortgage servicing market since it spun off from Fidelity National Information Services in July, 2008. LPS serviced about 70 percent of the non-performing loan market and 40 percent of foreclosed loans nationwide as of Dec. 31, according to LPS’ latest “mortgage monitor” report.

LPS increased revenue to nearly $2.4 billion in 2009 and recently announcing it will add 350 jobs through 2011. The Jacksonville Economic Development Commission has recommended nearly $3 million in city and state incentives for LPS to add those jobs in Jacksonville.

Reporter Rachel Witkowski, covering banking and finance, property insurance, hospitality and tourism, (904) 265-2219

More to come…

Source Feds investigating LPS subsidiary

This document, from a case filed in South Florida, is an example of the type of technical errors found in mortgage documents prepared by LPS subsidiary DOCX LLC and being investigated by the U.S. Attorney’s Office in Tampa.

View Larger


6 Responses to “Feds Investigating LPS Subsidiary DOCX”
  1. Alexander says:

    So what happens to all the people whose homes were illegally foreclosed? They all need to be jailed and made to pay restitution including return the homes they illegally too!!!

  2. Alina says:

    Wait a minute!!!!

    Cullaro works out of the Tampa AG’s office in the Economic Crimes Division. Has anyone asked what part she is playing in this investigation?

    • Not sure what part she is playing in this investigation, but I can tell you that the investigation related to her “signatures” on affidavits for the Florida Default Law Group that was reported in our SCANDALOUS post was TURNED OVER TO THE TAMPA OFFICE to process the investigation!

      Again, what is it that William Black said?

      “The Best Way to Rob a Bank Is to Own One“

      Well How about this…

      “The best way to stop a criminal investigation is to become one of the investigators“


  3. dinsfla says:

    Finally they let up! If you look they had blocked “non-paying” subscribers from reading anything LPS in the past weeks!

    Thank you Rachel from JBJ for finally coming to your senses since your the main journalist following LPS.


Check out what others are saying...
  1. […] light of the new reports from the Wall Street Journal and the Jacksonville Business Journel, I thought this would be an appropriate […]

Leave a Reply