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Former Florida mortgage executive pleads guilty to widespread robo-signing

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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.

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.

In a landmark robo-signing case, a former executive of a Jacksonville mortgage-processing giant faces up to five years in prison after pleading guilty to orchestrating years of fraudulent.

Widespread robo-signing that stretches back a decade or more could. Sometimes they forged the signatures of executives who were qualified to sign.. on past mortgage practices or the mortgage-backed securities they sold to investors.. And in Florida, condo associations are taking advantage of.

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History Has Shown There’s No Need to Fear the Recent Spikes in Mortgag Former Florida mortgage executive pleads guilty to widespread robo-signing Mortgage Professional America Names Matic Co-Founder Ben Madick to Its Hot 100 List of Industry Visionaries | Florida Newswire CNSNews.com is a news source for individuals, news organizations and broadcasters who put a higher premium on balance than spin and seek news that’s ignored or under-reported as a result of media bias by omission.

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