Posted: Aug 2, 2012 5:23 PM by Associated Press
JEFFERSON CITY (AP) - Missouri Attorney General Chris Koster has reached a settlement with a mortgage services company over allegations of fake signatures being used on documents to speed up the processing.
A now-closed company called DocX and its former president were indicted earlier this year by a grand jury in Columbia.
Koster said Thursday that DocX's parent company, Lender Processing Services Inc., has agreed to pay Missouri $1.5 million to settle the criminal charges. Missouri will also receive $500,000 to cover the costs of the investigation.
Koster says Lender Processing also agreed to cooperate with the ongoing criminal investigation of DocX's former president.
Lender Processing Services says the agreement is an important step toward resolving outstanding legal and regulatory issues related to DocX.