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TMCNet:  LPS Purchases LendingSpace [Manufacturing Close - Up]

[July 12, 2012]

LPS Purchases LendingSpace [Manufacturing Close - Up]

(Manufacturing Close - Up Via Acquire Media NewsEdge) Lender Processing Services, Inc., a provider of integrated technology, data and analytics to the mortgage and real estate industries, announced its acquisition of LendingSpace, a provider of mortgage loan origination software solutions.

According to a release, the LendingSpace technology platform will augment LPS' other origination technology solutions, which include Empower, a platform used by mortgage lenders with complex system configuration and customization needs; and PCLender, which is used by mortgage lenders, credit unions and community banks that leverage more standardized technologies.

"The addition of LendingSpace's robust capabilities expands the number of innovative origination solutions we offer lenders," said Jerry Halbrook, LPS' senior managing director of LPS Origination Technology Solutions. "We evaluated a number of lending platforms and LendingSpace provided the best product features with the necessary scalability to expand our product suite. More importantly, LPS and LendingSpace share a common commitment to excellence, integrity and customer dedication." Lender Processing Services delivers technology solutions and services, as well as data and analytics, to the nation's top mortgage lenders, servicers and investors.

More information: lpsvcs.com ((Comments on this story may be sent to newsdesk@closeupmedia.com)) (c) 2012 ProQuest Information and Learning Company; All Rights Reserved.

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