February 1, 2013
Kansas and 45 other states have reached a settlement with a Florida company over allegations of improper signing of mortgage documents.
Attorney General Derek Schmidt said Thursday the agreement requires Lender Processing Services Inc. to re-examine previously signed documents to ensure that the rights of homeowners were protected.
The company will be required to review documents signed between Jan. 1, 2008 and Dec. 31, 2010, to determine if they need to be corrected.
The settlement requires proper execution of the documents and prohibits signatures by individuals without firsthand knowledge attested to in the documents. It also requires examining if any third-party fees paid for the documents were earned, reasonable and accurate.