Attorney General Chris Koster says a woman whose company forged signatures on thousands of mortgage documents has agreed to go to prison.
Lorraine Brown, who is accused of forging the signatures, has agreed to go to prison instead of facing a trial.
Koster says the former President of DocX will plead guilty in Boone County to one count of forgery and one count of making a false declaration.
“Ms. Brown will also plead guilty in Jackson County to one count of perjury,” he says. “Under the agreement DocX president Lorraine Brown will be sentenced to a term of imprisonment not fewer than two years and not to exceed three years in the Missouri Department of Corrections.”
He says this is the only senior executive to have been sentenced to prison for his or her role in the mortgage meltdown of 2008 to 2010. “The robo-signing practices of DocX were the worst in the country, the most notorious in the country and crossed the threshold into criminal activity,” Koster says.
Koster says Brown admitted at her direction, employees of DocX signed other people’s names on thousands of mortgage documents. The documents were then falsely notarized and filed across the country including in many counties in Missouri.
AUDIO: Mary Farucci reports. (1:02)