Lender Processing Services (LPS) has responded to the civil complaint filed by the Nevada Attorney General Catherine Cortez Masto against the company in December last year.
As previously reported by ASR sister publication American Banker, the lawsuit, which was filed in mid-December in Clark County’s Eighth Judicial District Court, accused LPS of forging signatures and fraudulently notarizing up to 4,000 documents a day to quickly process foreclosures on behalf of mortgage servicers. For the related article, please click this link.
In the LPS' Motion to Dismiss, the analytics firm makes it clear that the Attorney General's complaint contains significant legal defects that compels the court to dismiss the complaint with prejudice.
LPS pointed that the Attorney General's complaint fails to allege that any document executed by subsidiaries of LPS was incorrect, contained errors, or caused any borrower financial harm.
"LPS filed this Motion to Dismiss in response to the allegations made by the Nevada Attorney General," said Hugh Harris, LPS president and CEO. "Although we have to defend ourselves against allegations that we believe are untrue, we remain committed to working with the Attorney General's office to resolve these matters."
For a copy of the motion, please click this link.