LAS VEGAS -- Nevada's Attorney General has settled with a company that processed foreclosures over allegations of robo-signing, which is the robotic process of signing documents without items in the documents being verified.
The settlement ends the state's civil action against Lending Processing Services. Under the deal, LPS will pay the state $5.5 million and $500,000 in attorney fees.
The state had claimed LPS was responsible for 70,000 fraudulent signatures on foreclosure documents. The company has already settled with 49 other states.
The settlement requires the company to review documents executed between January 1, 2008 and December 31, 2010 to see if any need to be re-executed or corrected.
The company has set up a hotline for people who want their mortgage documents reviewed. The number is 1-866-854-8935.