| Lender Processing Services, Inc. (LPS) is a provider of integrated technology and outsourced services to the mortgage lending industry. The Company's technology solutions include its mortgage processing system. Its outsourced services include default management services, which are used by mortgage lenders and servicers, and its loan facilitation services, which support most aspects of the closing of mortgage loan transactions to national lenders and loan servicers. Its data and analytics offerings include alternative valuation services, aggregated property and loan data and advanced analytics tools. LPS conducts its operations through two segments: technology, data and analytics and loan transaction services. In November 2009, the Company completed the acquisition of Rising Tide Auctions. |
