Contact Us
Make My Homepage

NJ Getting Millions From Robo-Signing Company

New Jersey is getting 3.1 million dollars as part of a multi-state settlement with a Florida company that primarily provides technological support to banks and mortgage loan servicers.

Signing Documents
Flickr User Charlottesville Tomorrow

The settlement with Lender Processing Services resolves allegations that two of the company’s subsidiaries improperly “robo-signed” documents, and engaged in other illegal conduct relating to the handling of mortgage loan defaults servicing.

A Consent Judgment filed today in New Jersey Superior Court requires proper execution of mortgage loan documents, and prohibits signature by unauthorized persons, or those without first-hand knowledge of facts attested to in the documents. The settlement also calls for enhanced oversight of default services provided, and a review of all third-party fees to ensure that the fees have been earned and are reasonable and accurate.

In addition to New Jersey, 44 other states and the District of Columbia participated in the total $120 million multi-state settlement.


(Information from The New Jersey Attorney General’s Office.)

Best of NJ 101.5

Recommended For You

Best of the Web

Leave a Comment

It appears that you already have an account created within our VIP network of sites on . To keep your personal information safe, we need to verify that it's really you. To activate your account, please confirm your password. When you have confirmed your password, you will be able to log in through Facebook on both sites.

Forgot your password?

*Please note that your prizes and activities will not be shared between programs within our VIP network.

It appears that you already have an account on this site associated with . To connect your existing account just click on the account activation button below. You will maintain your existing VIP profile. After you do this, you will be able to always log in to using your original account information.

*Please note that your prizes and activities will not be shared between programs within our VIP network.

Please fill out the information below to help us provide you a better experience.

(Forgot your password?)

Not a member? Sign up here

Sign up for New Jersey Insiders quickly by connecting your Facebook account. It's just as secure and no password to remember!

Sign up to have exclusive New Jersey Insiders contests, events, coupons, presales, and much more delivered to you for FREE.