WOW! WOW! WOW!
THIS IS HUGE!
According to an indictment recently published:
LORRAINE BROWN, a resident of Georgia, founded DocX LLC
(hereinafter, “DocX”) in the 1990s in Ohio. In the early 2000s, Brown relocated
the bulk of DocX’s operations to Alpharetta, Georgia (the Alpharetta operations
of DocX LLC are referred to herein as “DocX” regardless of the time frame).
2. In mid-2005, Jacksonville, Florida based Fidelity National Financial,
Inc. (“FNF”) purchased DocX from Brown and her partners. Through corporate
reorgan izations within FNF, DocX later fell under ownership of Fidelity National
Information Services, Inc. (“FNIS”). In mid-2008, FNIS spun off a number of
business lines into a new publicly-traded entity, Lender Processing Services, Inc.
(“LPS”), based in Jacksonville, Florida. At that time, DocX was rebranded as “LPS Document Solutions, a Division of LPS.” Following this spin-off, Brown was
the President and Senior Managing Director of LPS Document Solutions, which
constituted DocX’s operations in Alpharetta. At all times relevant to this
Information, Brown was the chief executive of the DocX operations.
3. DocX’s main clients were residential mortgage servicers (the
“servicers”), which typically undertake certain actions for the owners of
mortgage-backed promissory notes. These duties include, among others,
accepting and recording mortgage payments, paying taxes and insurance from
borrower escrow accounts, and conducting or supervising the foreclosure
process when necessary.
Servicers hired DocX to perform a number of these actions,
including assisting in creating and executing mortgage-related documents filed
with recorders’ offices. The majority of documents created and recorded by DocX
between 2003 and 2009 were lien releases, which evidence payment in full of a
mortgage-backed note. DocX also executed mortgage assignments, which
purport to transfer the note’s ownership interest. Mortgage assignments were
typically created during the foreclosure process, and the volume of these
documents dramatically increased at DocX during the foreclosure crisis of 2007
to 2009. DocX also signed lost note and lost assignment affidavits related to
From at least March 2003 through November 2009, Brown
marketed DocX as an outsourcing solution to mortgage servicers for filing and
recording mortgage documents throughout the United States. Brown
represented to clients that DocX had robust quality control procedures in place to
ensure a thorough and proper signing, notarization, and recordation process. As
a result of these representations, clients hired DocX.
6. When hiring DocX to sign documents, servicers typically issued
special corporate resolutions delegating document execution authority to
specific, authorized, and trained personnel at DocX. The DocX employees who
were given express signing authority from DocX’s clients and who, as
represented by Brown, were purportedly trained to ensure that the clients’
documents were properly created, signed, and notarized were called “Authorized Signers.”
These documents were then generally recorded by DocX with the
appropriate local property recorders’ offices throughout the country.
READ THE INDICTMENT HERE:
AND MOST IMPORTANTLY, THINK ABOUT HOW “OUR” GOVERNMENT ATTACKED LISA EPSTEIN, JUNE CLARKSON AND THERESA EDWARDS FOR RAISING THE VERY SAME INFORMATION THAT
“OUR” INSPECTOR GENERAL ATTACKED THESE WHISTLEBLOWERS FOR?