Lender Processing Services, Inc.

Jacksonville, FL United States

  (NYSE: LPS)

Company Description

Lender Processing Services (LPS) (spun off from Fidelity National Information Services in 2008) provides the mortgage industry with software to assist lenders from start to finish, from checking credit and appraisals to loan setup, processing, and closing services, and default management and foreclosure services. LPS also offers data and analytics for the mortgage and capital markets industries and provides default management services to the secondary mortgage market. By dollar volume, LPS processes about half of all mortgages in the US, serving many of the top 50 US banks. Its two largest customers, Wells Fargo and JPMorgan Chase, together account for nearly 40% of sales; its five largest generate more than 55%.