Jacksonville, Florida Company Lender Processing Services, Inc. Investigated by the DOJ

Lender Processing Services, Inc. (LPS) is a company that provides technological and outsourcing services to mortgage lenders that is based out of Jacksonville, Florida. According to an article on www.Jacksonville.com, the U.S. Department of Justice has initiated an investigation of LPS. The article does not go into detail about the investigation but mentions that it may be related to services provided by LPS in bankruptcy and foreclosure proceedings.

We noted earlier how federal law enforcement authorities had noticeably shifted their focus towards mortgage fraud and securities fraud cases and away from immigration and more post-9/11 related criminal investigations which were more prevalent in the years following 9/11. Because of the government’s tendency to follow prevailing trends and move resources more towards issues they, or the media, consider timely, we expected to see more such investigations into companies and individuals who operate in the mortgage and securities industries. It appears from this article and other ongoing federal investigations that Jacksonville is falling in line with that trend.

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