MANCHESTER, N.H. (AP) -- A mortgage company that does business in New Hampshire, Maine and Massachusetts has agreed to pay $425,000 as part of a settlement with New Hampshire banking regulators.

The Mortgage Specialists, its president Michael Gill and compliance officer Lisa Tracy also have agreed to submit to an independent review.

The state banking department has accused the company of more than 60 violations, including forging signatures and destroying documents. Massachusetts banking officials accused the company of unfair and deceptive business practices.

Last month, Gill admitted to paperwork mistakes, but denied fraud.