Former Florida mortgage executive pleads guilty to widespread robo-signing

The only executive convicted of a widespread foreclosure fraud that pumped out more than a million faulty mortgage documents has been sentenced to five years in federal prison, prosecutors said.

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Ex-mortgage document exec pleads guilty in ‘robo-signing’ case nov 20 (reuters) – A former executive at a mortgage records company pleaded guilty on Tuesday to a scheme to file fraudulent documents used in foreclosures, a rare prosecution of a top-level employee following the so-called robo-signing scandal.

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Schuette Announces Guilty Plea for Former Mortgage Processor President Responsible for Fraudulent Robo-Signing Scandal. LANSING – Michigan attorney general bill schuette today announced Lorraine Brown, former president of mortgage document processor DocX, pleaded guilty to racketeering for her alleged role in authorizing the fraudulent signing of mortgage documents filed in Michigan.

A former executive of a major document processing firm pleaded guilty to federal and state charges related to "robo-signing" – the widespread fabrication and improper notarization of mortgage documents – in Florida and Missouri earlier this month.

The founder and former president of DocX, once one of the nation's largest. The executive, Lorraine O. Brown, 56, entered a guilty plea in federal court in Florida and a plea agreement in state court in Missouri related to. beginning in 2005, to sign other peoples' names on crucial mortgage documents.

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Former Executive at Florida-Based Lender Processing Services Inc. Admits. of DocX to plead guilty for national mortgage document robo-signing practices -. Harris Subpoenas Loan Processor LPS in Wide-Ranging Probe of Mortgage and .