Lender Processing Services, Inc.
Lender Processing Services, Inc. (LPS) is one of the leading solution provider for the mortgage lenders. The company conducts its operations through two segments namely technology, data and analytics; and loan transaction services. Its mortgage processing system offered by the company enables its customer to automate services including loan setup and maintenance, customer service, cashiering, escrow administration, investor accounting, default management and others. Through, data and analytics it offers services related to alternative valuation, aggregated property and loan data and advanced analytics tools. In addition, it also offers proprietary mortgage and real estate data and analytics for the mortgage and capital markets industries. Almost half of all the mortgages in the US are serviced through LPS mortgage service package. It serves more than 1,000 financial-institution clients, which includes many of the largest banks in the U.S. The company is headquartered at Jacksonville in Florida, the US.