Mortgage Servicing Fraud
occurs post loan origination when mortgage servicers use false statements and book-keeping entries, fabricated assignments, forged signatures and utter counterfeit intangible Notes to take a homeowner's property and equity.
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arkygirl

A Nevada grand jury has handed up criminal indictments against two title officers employed by Lender Processing Services Inc. for allegedly directing and supervising a robo-signing scheme, in which documents filed in foreclosure cases were signed without proper legal review, Nevada Attorney General Catherine Cortez Masto said Wednesday.

The 606-count indictment alleges that the two title officers, Gary Trafford and Gerri Sheppard, directed employees under their supervision to forge their names on foreclosure documents, then notarize the forged signatures, so that it appeared that the pair actually signed the documents.

The pair then allegedly directed the employees to file the fraudulent documents with the County Recorder's office in Clark County, Nevada. The grand jury found "probable cause" that the alleged scheme "resulted in the filing of tens of thousands of fraudulent documents ... between 2005 and 2008," said Nevada Chief Deputy Attorney General John Kelleher.

A spokeswoman for LPS confirmed that the pair works for the company, but said the company couldn't comment further because it hadn't been notified about the indictment. Kenneth Julian, an attorney representing the pair, also declined to comment.

The attorney general's office said the indictment is against the two employees and LPS hasn't been indicted.

http://online.wsj.com/article/SB10001424052970203699404577042961074968218.html?mod=googlenews_wsj

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Angelo

Hopefully they will take a deal and become state witnesses and start singing like a bird!!!!

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