Lender Processing Services, Inc.

Sector: Loan Brokers Region: FL, United States

Exchange/Ticker: New York Stock Exchange: LPS

Company Description

Lender Processing Services, Inc. provides mortgage and consumer loan processing services, mortgage settlement services, default solutions and loan performance analytics, as well as solutions for the real estate industry, capital markets investors and government offices. It operates through two reportable business segments: Technology, Data and Analytics and Loan Transaction Services. The Technology, Data and Analytics segment offers leading software systems and information solutions that facilitate and automate many of the business processes across the life cycle of a mortgage. Its principal technology solutions are software applications provided to mortgage lenders and other lending institutions, together with related support and services. Its technology solutions primarily consist of mortgage processing and workflow management software applications. The Loan Transaction Services segment offers customized outsourced business process and information solutions. It also provides loan facilitation and default management services. The loan facilitation services consist of settlement services, such as title agency and closing, traditional appraisals and appraisal management services. The default management services, includes title, posting and publication, property preservation, asset management services and administrative support. Lender Processing Services was founded in December 2007 and is headquartered in Jacksonville, FL.

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