Return to Washington Examiner Homepage
May 19, 2013 | 08:43 AM
news
Washington D.C. weather
News: Business

Mortgage processor pleads guilty to racketeering

February 11, 2013 | Modified: February 11, 2013 at 4:46 pm
Leave a comment

GRAND RAPIDS, Mich. (AP) — The former president of a mortgage document processing company has pleaded guilty to a racketeering charge in Michigan.

The state attorney general's office says Lorraine Brown pleaded guilty Monday in a Kent County circuit courtroom. She faces up to 20 years in prison when sentenced on May 2.

The state says that the 51-year-old Brown orchestrated a robo-signing scheme in which employees fraudulently signed another authorized person's name on mortgage documents to expedite foreclosures.

Brown pleaded guilty to a federal charge in Florida last year and reached a plea agreement on related state charges in Missouri.

Michigan Attorney General Bill Schuette recently reached a $2.5 million civil settlement with the parent company of DocX, a mortgage processing company run by Brown.