US mortgage technology giant LPS opens facility in India
In addition to supporting the LendingSpace platform, employees in LPS India will also provide development quality assurance for the company’s mortgage servicing solutions.
Lender Processing Services, a leading provider of innovative technology, services, data and analytics to the mortgage and real estate industries today announced the opening of its mortgage technology services facility in India. The company handles about 50 percent of all U.S. mortgages by dollar value.
LPS acquired an office in Hyderabad as part of its acquisition of LendingSpace in 2012. LendingSpace provides residential mortgage origination technology, including a unique correspondent lending platform that enhances collaboration between retail originators and their correspondent lending partners in the United States. This new, larger Hyderabad location, which boasts 40,000 square feet, with space for further growth, has an advanced technological infrastructure that will accommodate increases in the number of employees and strengthens LPS delivery of Software-as-a-Service (SaaS) solutions.
In addition to supporting the LendingSpace platform, employees in LPS India will also provide development quality assurance for the company’s mortgage servicing solutions. This work will allow LPS to improve its development cycles, which will benefit LPS’ clients by allowing LPS to deliver products to its clients more quickly.