As Legal Issues Wind Down, Lender Processing Services (LPS) Looks to Increase Business

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As legal issues wind down, LPS looks to increase business

After more than three years of investigations by federal and state authorities into foreclosure processes, the legal issues that have saddled Lender Processing Services Inc. and its mortgage banking clients are winding down.

For Jacksonville-based LPS, which provides technology services to mortgage lenders, the focus now is on increasing business as financial institutions adjust to new industry standards.

“As lenders move beyond legacy issues, including the recent settlement of many bank consent orders, we are seeing an even greater focus on deploying technology to re-engineer processes and to address the cost structure of originating and servicing loans,” LPS Chief Executive Officer Hugh Harris said in the company’s quarterly conference call last week.

“We are collaborating with our clients, including the nation’s leading and emerging mortgage institutions, to address these needs,” he said.

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2 Responses to “As Legal Issues Wind Down, Lender Processing Services (LPS) Looks to Increase Business”
  1. Sue Em says:

    What I have been dying to know is how exactly they botched the process. What documents did they falsify and make up, where those documents came from and how to do it properly??? I mean – don’t the banks foreclosing have to provide these documents??? I have never seen one single article explaining how this process should be done.

  2. More graft,greed and corruption,whats to figure out?The question that begs to be asked is why are they still in business?

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