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10 Financial Tech Companies
By siliconindia
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Friday, 18 November 2011, 00:23 IST |
2 Comments
Lender Processing Services
Lender Processing Services (LPS) is a provider of integrated technology and services to the mortgage lending industry, with mortgage processing and default management services in the United States. It has total revenue of $2,456 million and a financial service income of $2,334 million.
Lender Processing Services (LPS) operates in two segments that is technology, data and analytics and loan transaction services, which produced approximately 31percent and 69 percent, respectively, in 2010. The Company's technology solutions include its mortgage processing system, which automates all areas of loan servicing, from loan setup and ongoing processing to customer service, accounting and reporting.
Its technology solutions also include its desktop system, which is a middleware enterprise workflow management application designed to streamline and automate business processes. Its loan transaction services include its default management services, which are used by mortgage lenders, servicers and other real estate professionals.
