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Former DocX exec pleads guilty in robo-signing probe

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The former president of DocX LLC, a now-defunct subsidiary of Lender Processing Services (LPS), is expected to do prison time after pleading guilty to state and federal criminal charges related to the "robo-signing" scandal. In pleading guilty to a federal criminal charge, Lorraine Brown, 56, of Alpharetta, Ga., admitted her role in a six-year scheme involving more than 1 million fraudulently signed mortgage documents, prosecutors said.Brown pleaded guilty last week in a federal court in Jacksonville, Fla., where LPS is based, to one count of conspiracy to commit mail and wire fraud, the U.S. Department of Justice said. She faces up to five years in prison and a $250,000 fine, or twice the gross gain or loss from the crime, prosecutors said. Sentencing in that case has been scheduled for Feb. 19. Brown also reached a plea deal with the Missouri officials, who have been investigating DocX's alleged robo-signing practices. Brown agreed to plead guilty to one felony count of ...