Federal banking regulators have fined ServiceLink Holdings LLC $65 million over robo signing abuses that were committed several years ago.
The fine is related to foreclosure-related services provided by a unit of ServiceLink’s predecessor company, Lender Processing Services Inc.
The action led to a cease-and-desist order issued against LPS in 2011 and a prison sentence for the founder of the unit, DOCX LLC.
Source: Mortgage Daily
