Lender Processing Services Inc. (LPS) Revolving Door To Washington D.C.

Thursday, March 4, 2010

LPS opens Washington D.C. office

Jacksonville Business Journal – by Rachel Witkowski Staff reporter

Lender Processing Services Inc. recently opened an office in Washington, D.C. in order to attract more government work, the company announced Thursday.

The Jacksonville-based technology and services provider (NYSE: LPS) to the mortgage and real estate industries said having an office in the nation’s capital “gives LPS the ability to quickly respond to the needs of its government clients and to increase its presence by pursuing opportunities with new government partners.” (What exactly do they mean?)

The company said it is currently has contractual relationships with a number of federal agencies. The D.C. office will provide services including mortgage consulting, technology, portfolio data analytics and risk management as well as due diligence and valuation. (HUH? Due Diligence? See the Class Action on the Assignments they fabricated up in DOCx GA & LPS MN?)

“In today’s challenging economic environment, government agencies need expert support and data to make the most informed decisions, mitigate risks and operate at peak efficiency,” said LPS’ co-chief operating officer, Eric Swenson in the announcement. “LPS’ proven, robust technology solutions and extensive governmental expertise can help agencies quickly adapt to changing market conditions and regulatory requirements for optimal performance.”

Once again the Governement looking after the best interest of it’s people…NOT!