WSJ: Former Lender Processing Executive Lorranie Brown Sentenced to 5 Years in Prison

LPS

Former Lender Processing Executive Sentenced to 5 Years in Prison

A former Lender Processing Services Inc. (LPS) executive was sentenced to five years in prison for her role in a six-year mortgage forgery scheme, the Department of Justice said.

Lorraine Brown, 56, pleaded guilty in November to a scheme to prepare and file more than one million fraudulently signed and notarized mortgage-related documents. She was sentenced Tuesday by Senior U.S. District Judge Henry Lee Adams Jr. in the Middle District of Florida. In addition to her prison term, Ms. Brown also was sentenced to serve two years of supervised release and ordered to pay a fine of $15,000.

Ms. Brown served as the chief executive of DocX LLC, an LPS subsidiary that prepared and recorded mortgage-related documents, including assignments needed to show ownership of loans in foreclosures. DocX closed down in early 2010.

According to the plea agreement, DocX employees, at the direction of Ms. Brown and others, began forging and falsifying signatures of authorized personnel on the mortgage-related documents that they had been hired to prepare and file with property recorders’ offices. The documents were fraudulently notarized as if actually executed by authorized DocX employees, the DOJ said.

According to plea documents, Ms. Brown implemented these signing practices at DocX to generate greater profit. The unit was able to create and execute larger volumes of documents using these signing and notarization practices and also hired temporary workers who worked for lower costs to act as authorized signers. Between 2003 and 2009, DocX generated approximately $60 million in gross revenue.

Rest from the Wall Street Journal here…

~

4closureFraud.org

Comments
10 Responses to “WSJ: Former Lender Processing Executive Lorranie Brown Sentenced to 5 Years in Prison”
  1. macy says:

    also, seems like there could be civil actions such as fdcpa and utpa violations?????

  2. macy says:

    If this is true- then logically, couldn’t one sue the Servicer and Bank for the same since they used the forged and fabricated documents to foreclose on the homeowner?
    Isn’t this fraud upon the court and public record?

  3. incognito123 says:

    Actually PigSlayer, I was there and saw her come to court in her bright orange prisoner jump suit. She was crying (along with her husband) because she was so-called ‘sorry’ while more correct, she was sorry she got caught!!! While the punishment does not fit the real crime of destroying our property titles, it was infuriating to hear the judge view the “victims” as the banks that did and STILL ARE perpetrating these crimes. The judge does not understand the impact of her actions. At least he sentenced her to the maximum sentence he was allowed to impose. The judge was also allowing her to do her time in Federal Prison rather then MI State Penitentiary, *IF* Michigan does not object, which most likely they will not. Now for the real test, WHERE ARE THE THOUSANDS THAT NEED TO FOLLOW HER CROSSING THE LINES INTO THE PRISON CELLS FOR THEIR PARTICIPATION IN THE SAME CRIMES!!!

  4. Okay, that’s one.
    How about the other 99+ perpetrators. Note she plead guilty. Is this a sacrifice or a put up plea job by the DOJ to claim SOMEONE is being prosecuted for mortgage fraud but they had to admit guilt and plea out first.
    Have lost trust in government. It is all a sham. It is really getting hard to tell the good guys from the bad guys when they are all wearing the same color hat!
    Those of you who have been around a little while will know what I mean!

  5. PigSlayer says:

    Big fucking deal I bet she don’t spend 1 day behind bars! All will be probation. These people are responsible and part of the cabal that has ruined our economy and the theft of millions of homes. Ok so give them 5 years probation and cut there hands off so they can never forge a document again. Because we the victim’s will never get restitution for the fraud and theft they committed. If they want to make us a third world country then lets show them what happens in third world country’s when you get caught steeling. If you lie they cut your tongue out. They all need to be rounded up and shot for domestic and financial terrorism and treason.
    If I gave a gun to some one knowing that they had a plan an intent to kill or hurt some one with it and not use it for legal target practice or hunting for food! NO HUNTING FOR SPORT! THATS BULLSHITT!!! If your not going to eat it then don’t kill it. Back to my point. These people knew what they where involved in. They did it for the money and greed just like there bosses at the top. If someone hired me to do a job that was illegal I would quit that job and blow the whistle hard and loud. They all new what they where doing! DO A HARSH CRIME GET A HARSH PUNISHMENT! life sentences at hard labor or death give them a choice after all we have to be civil.

  6. eandrkirk says:

    A soft slap on the wrist and a waggle of the finger at her, the punishment does not fit the crime.

  7. Anna says:

    Good, but where does that leave the county recorders holding all those fraudulent assignments? Did this case produce a definitive list of forged names such that counties can legitimately eradicate all those fraudulent assignment from their systems?

  8. Fedup says:

    OK what about the low life bank scums like CEO’s ie Jamie Dimon etc etc

Leave a Reply