Nearly six years after Lender Processing Services entered into a consent order with federal banking regulators over charges of improper actions in foreclosure-related services, the company’s successor is paying the price.
Banking regulators announced a fine assessed to ServiceLink as a result of the actions cited by LPS in an April 2011 consent order.
However, the civil money penalty does not wipe away other parts of the consent order. Read on to find out the process involved to reach a settlement and what ServiceLink still must do to remain in compliance in the future.