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Mortgage processor pleads guilty to racketeering

Updated: Tuesday, February 12 2013, 10:04 AM EST
Mortgage processor pleads guilty to  racketeering story image
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.
Mortgage processor pleads guilty to racketeering
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