Forgery: The creation of a false written document or alteration of a genuine one, with the intent to defraud. Forgery is considered a felony by law.
Lender Processing Services (LPS) and its subsidiaries “cut corners in order to maximize profits,” says New York Attorney General Eric Schneiderman. LPS has already paid out 127 million to settle a suit that said they FORGED documents. If you were to forge a document, you would go to jail. The big corporations just pay out big fines. The company, which still faces a lawsuit by the State of Nevada and litigation that stems from its activities in the run-up to the mortgage meltdown, says it set aside an additional $48 million in the fourth quarter for its legal reserve, which was $223 million as of Dec. 31.
LPS could pay their field inspectors better inspection fees if they would follow the law and not have to pay out $127 million plus in fines for breaking the law. Darts to LPS!
LPS says “Throughout 50 years of commitment to the financial services community, LPS has built an enviable reputation for unmatched innovation on a solid foundation of trust.”
The truth is that they are forgers of legal documents that have affected the lives of many homeowners. They have violated forgery laws. They knew that they were breaking the law. They do not have the “enviable reputation” they claim. They have no respect for the law. They are breakers of the law. They FORGED documents … they cannot be trusted . There is no solid foundation of trust. Their words and their actions do not match up. Do you just forget the real damage they caused? In addition, they outsource work to India. It’s all about money with LPS.
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