Firm says its new software ensures the soundness of foreclosure papers

By Christine Stapleton
Palm Beach Post Staff Writer

Lender Processing Services, the subject of a 60 Minutes segment about foreclosure document fraud, has added “new document integrity management capabilities” to the software it markets to loan servicers.

According to a recent company newsletter, LPS consulted with servicers in late 2010 “to understand the nuances of the ‘personal knowledge’ standard, including process steps and needed proof at the conclusion of an affidavit of indebtedness review that all steps have been followed in compliance with internal policies and procedures.”

In countless foreclosure cases, attorneys have argued that Docx, a defunct subsidiary of LPS, used so-called robo-signers to sign sworn affidavits claiming they had “personal knowledge” of a foreclosure case, often without reviewing the documents.

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