Nevada Attorney General Indicts Two LPS Employees

NV AG Catherine Cortez Mastro

Catherine Cortez Masto, the Nevada Attorney General has indicted two employees of Lender Processing Services (LPS) for “a robo-signing scheme which resulted in the filing of tens of thousands of fraudulent documents with the Clark County Recorder’s Office between 2005 and 2008” said Chief Deputy Attorney General John Kellher. 

The indictment against the two alleges that the defendants directed the fraudulent notarization and filing of NODs.  Bail – set at $500,000 for each -  was paid by LPS.

In a statement, Lender Processing Services stated; “The Nevada Attorney General has elected to charge two Lender Processing Services employees for document execution and notarization practices related to notices of default and deeds of trust filed in Clark County from 2005 to 2008.  Based on the company’s reviews, LPS acknowledges the signing procedures on some of these documents were flawed; however, the company also believes these documents were properly authorized and their recording did not result in a wrongful foreclosure.”

Read the Nevada AG press release

Read LPS response statement

Read an article in American Banker on the charges

Editors Note: The American Banker article states the author’s opinion only. Inclusion in UTA’s e-news does not imply UTA’s - or its Board of Directors’ - approval or disapproval of the author’s conclusions, positions or facts.