Prosecutors : Brokers Getting Secret Payments Through Fidelity National Financial Real Estate Software Scam

Posted by 4closureFraud on January 26, 2013 · 1 Comment 

inFIDELITY_1

Brokers Getting Secret Payments Through Real Estate Software

Note: Fidelity National Financial is parent company of Lender Processing Services…

California prosecutors have stumbled across a neat little real estate scam.

Title insurance companies are using software used by real estate brokers to facilitates unlawful secret payments to the brokers for the referral of business to title insurers and other providers.

Last week, Jacksonville, Florida-based title insurance company Fidelity National Financial settled a case brought by the district attorneys of San Diego, Ventura and Los Angeles counties.

Fidelity National Financial will pay $873,588 to settle the charges.

In the civil complaint filed under California’s Unfair Competition Law, the district attorneys alleged that Fidelity National operated a software platform — called Transaction Point — for real estate brokers and other settlement service providers in California.

The state alleged that the system facilitated unlawful secret payments to the brokers for the referral of business to title insurers and other service providers.

Rest here…

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4closureFraud.org

 

Related posts:

  1. Breakin the Law | HUD Settles Respa Kickback Case In the Matter of Fidelity National Financial, Inc. Settlement Agreement
  2. Fidelity National Financial Subsidiaries Ordered to Pay $5.7 Million in Punitive Damages for Mortgage Fraud
  3. NORTH CAROLINA REAL ESTATE SPECULATOR PLEADS GUILTY TO BID RIGGING IN REAL ESTATE FORECLOSURE AUCTIONS
  4. FL AG Subpoena’s on Ben-Ezra Katz & Marshall C. Watson RE Investigation Into Fidelity National Financial (FNF) and Lender Processing Services (LPS)
  5. Fraudclosure | Michigan Attorney General Subpoenas (CRIMINAL) Lender Processing Services, Fidelity National Financial Inc. (FNF) and CT Corporation System in Probe

Filed under bankruptcy, cdo, cds, Corruption, Fannie Mae, foreclosure, Foreclosure Fraud, Foreclosuregate, freddie mac, MERS, mortgage electronic registration system, Mortgage Fraud, securities fraud

Comments
One Response to “Prosecutors : Brokers Getting Secret Payments Through Fidelity National Financial Real Estate Software Scam”
  1. c.l.p.a.g. Chris says:
    January 26, 2013 at 11:48 AM

    The Pharisaic Phariy / Fairy Tail Legal, “Law of the Sea Mercenary”, AH Torn. AR CONs (likely CONvicts) are so crafty ARTful TechnoCrazy and UN-PRO-fessional They decive their Felonious selves, Stinking Thinking, as Masonic Shrines on a weekend CONvention with the “BOYS”?: “The Girls will NEVER be any the wiser Stanley!” The JIG is UP!

    Reply

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