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Report: Robo-signing probe ‘intensifying’

LPS calls Reuters article 'inaccurate and sensational'

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A federal criminal investigation of Lender Processing Services Inc.'s alleged involvement in robo-signing practices is gaining momentum, and evidence in several class-action lawsuits suggests the company faces greater legal exposure to the robo-signing scandal than it has acknowledged, Reuters reports.But LPS -- the data provider for the National Association of Realtors' national property database, Realtors Property Resource -- today issued a rebuttal to the "special report" published by Reuters Dec. 6, saying it was "extremely disappointed in the inaccurate and sensational article." LPS acknowledged uncovering "deficiencies in practices that took place at a former business unit," DocX, in late 2009. But LPS says it shut down DocX and corrected errors in documents that DocX had prepared.Reuters said it found evidence that questionable practices weren't limited to its subsidiary, and that the company provided personnel to clients who worked in new signing o...