LPS returns fire on media coverage of DOCX probe

Jacksonville Business Journal – by Christian Conte.

Lender Processing Services Inc. is firing back against recent media coverage of an investigation by the U.S. Attorney’s Office and the Florida Attorney General’s Office into one of its subsidiaries that processes and files lien releases and mortgage assignments for lenders.

LPS said in a press release issued Oct. 5 that the media has mischaracterized the company’s default-related services provided to mortgage lenders/servicers through its Alpharetta, Ga.-based subsidiary DOCX LLC — specifically, foreclosure issues related to the execution of affidavits containing substantive borrower information and the preparation of assignments of mortgage.