U.S. probing LPS section Docx LLC: inform

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CHICAGO (Reuters) - A section of Lender Processing Services Inc, a U.S. provider of office work used by banks in the foreclosure process, is being investigated by sovereign prosecutors, the Wall Street Journal reported on Saturday.

Citing people informed with the matter, the journal pronounced a supervision examine in to the commercial operation practices of the LPS section was "criminal in nature." According to the report, the examine was disclosed in LPS"s annual inform in February.

The auxiliary being investigated is Docx LLC, that processes and infrequently produces papers used by banks to infer they own mortgages, the inform said.

According to the report, between Docx papers being reviewed was one that wrongly claimed an entity called "Bogus Assignee" was the owners of the loan.

The inform cited LPS mouthpiece Michelle Kersch as observant that the "bogus" word was used as a placeholder and that a little papers had been "inadvertently available prior to the margin was updated."

(Writing by James B. Kelleher)