Mortgage technology provider Lender Processing Services (LPS) has reached a settlement with the Colorado Attorney General that concludes the State's investigation of the former document execution practices by the firm's units, according to a press release today from LPS.

The settlement's terms include a payment of $1.3 million and reimbursement of $500,000 for fees and costs to the Attorney General's pffice, the release said. The settlement also releases LPS and its units from potential liability related to past document execution practices in the state.

"This settlement is another important step in our continuing efforts to resolve legal and regulatory issues related to past, discontinued document execution practices," said Hugh Harris, president and chief executive officer of LPS. "LPS remains focused on resolving all remaining legal and regulatory challenges as expeditiously as possible, and is committed to ensuring that we continue to operate with integrity and compliance in everything we do."

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