However, it does show
1) THEY are stupid
2) THEY really just don’t care

Gee, it sure is ‘convenient’ to brush over the problem of one of those DOCX assignments being RECORDED or already used in COURT.

If such an invalid document has been RECORDED, simple generation of some new piece of paper will NOT fix the clouded title. NO ONE should be recording false documents and any document such as what DOCX got caught doing is just THAT.

I have not seen any reports on borrowers agreeing to any such ‘fixed’ document being recorded. Of course, SETTLEMENTS are normally written with a CONFIDENTIALITY clause.

So go sell your PR garbage somewhere else LPS. (But thanks to Marilyn Lane for posting it here – we need o teach others to recognize ‘spin’ for what it is: garbage.)

JACKSONVILLE, Fla. – October 4, 2010 – LPS is issuing this statement in response to recent mischaracterizations in the media regarding the default-related services LPS provides to mortgage lenders/servicers. Specifically, recent concerns have focused on foreclosure issues related to the execution of affidavits containing substantive borrower information and the preparation of assignments of mortgage.

LPS has not executed affidavits containing substantive borrower information on behalf of its lender/servicer clients since September 2008. When LPS performed this service, affidavits were prepared and provided by the lenders’ or servicers’ attorneys. These affidavits were then executed by LPS consistent with industry practice, under corporate resolution. LPS had processes in place to ensure the information in the affidavits was validated and that the affidavits were signed properly.

In reference to assignments of mortgage, LPS has made previous statements regarding its document preparation subsidiary, Docx, LLC. This small subsidiary (less than one percent of LPS’ revenue) prepared assignments of mortgage for two lenders/servicers between 2008 and 2009. Docx did not prepare or execute affidavits containing substantive borrower information and no longer provides document preparation services.

During its operation, when lenders/servicers or their attorneys requested that Docx prepare an assignment of mortgage, the lenders/servicers or their attorneys provided the necessary borrower information, which was downloaded by Docx employees into a pre-approved document template. The document was then printed and either signed by the lender/servicer or Docx, pursuant to corporate resolution. Docx did not determine whether these documents were then used in a court proceeding – those decisions were made solely by the lenders/servicers or their attorneys.

There have also been reports in the media regarding varying signature styles on assignments of mortgage. The varying signature styles resulted from a decision made by the manager of Docx to allow an employee to sign an authorized employee’s name with his or her express written consent. LPS was unaware of this practice. As previously reported, upon learning of it, LPS immediately took remedial actions to correct all assignments of mortgage signed in this manner and provided these corrected assignments of mortgage to the two lender/servicer clients or their attorneys. LPS continues to believe this will not have a material adverse impact on its business or results of operations.

Agreed – and add spell check or at least learn HOW to spell. I’m here on this site for vital information and facts, not personal vendettas or harassment of someone I used to know.

look at the ‘news’ advertisers. they script and censor