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Servicing / The Ticker

LPS sets up phone lines for borrowers after settlement

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Lender Processing Services, and related subsidiaries, set up two phone lines for Connecticut borrowers who have questions about mortgage documents or services provided by LPS, the Connecticut Attorney General George Jepsen said.

LPS also agreed to review foreclosure-related documents executed for the time period stretching from Jan. 1, 2009 through Dec. 31 2010, as part of a settlement deal it reached with the state AG.

The phone lines are just one part of a $120 million multistate settlement deal between LPS and state AGs to resolve legacy mortgage-document processing issues.

 

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