Reuters | Ex-Mortgage Document Exec, Lorainne Brown, Pleads Guilty in ‘Robo-Signing’ Case
“Lorraine Brown participated in a scheme to FABRICATE mortgage-related documents at the height of the financial crisis,” Assistant Attorney General Breuer said in a statement. “She was responsible for more than a million fraudulent documents entering the system, directing company employees to forge and falsify documents relied on by property recorders, title insurers and others.”
Ex-mortgage document exec pleads guilty in ‘robo-signing’ case
Nov 20 (Reuters) – A former executive at a mortgage records company pleaded guilty on Tuesday to a scheme to file fraudulent documents used in foreclosures, a rare prosecution of a top-level employee following the so-called robo-signing scandal.
Lorraine Brown, 56, the former president of LPS Document Solutions, part of Lender Processing Services Inc, pleaded guilty in U.S. District Court in Jacksonville, Florida, to conspiracy to commit mail and wire fraud from 2003 to 2009.
LPS was not charged with wrongdoing. It said in a statement that it fired Brown and shut down her unit’s operations when it discovered the fraudulent practices in November 2009. It said it has fully cooperated with all government investigations into these matters.