| Lender Processing Services, Inc. (LPS) is a provider of integrated technology and outsourced services to the mortgage lending industry, with capabilities in mortgage processing and default management services in the United States. 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. LPS conducts its operations through two segments: technology, data and analytics, and loan transaction services. In July 2008, the Company completed the acquisition of McDash Analytics, which provides access to the industry's loan-level database of mortgage assets for the purpose of benchmarking and analysis. |
