Lender Processing Services Inc. (LPS), offering technology, services, data and analytics to the mortgage and real estate industries, has opened a new mortgage technology services facility in India.
The company reports that it acquired the 40,000-square-foot facility in Hyderabad and related network infrastructure when it purchased LendingSpace, a provider of mortgage origination technology, in 2012.
LPS, which handles about 50% of all U.S. mortgages by dollar value, says the new facility will enable it to more readily scale its operations. Not only will it ‘accommodate increases in the number of employees,’ the related technology infrastructure will strengthen its delivery of software-as-a-service solutions.
In addition to supporting the LendingSpace platform, employees in the new facility will also provide development quality assurance for LPS' mortgage servicing solutions. This, in turn, will speed development cycles, which will enable LPS to bring new solutions, as well as enhancements to existing solutions, to market more quickly.
Casey Williams, senior vice president of LPS' Global Delivery Services, says the company is anticipating ‘tremendous growth in the next 3-5 years, as well as the chance to work on emerging technologies that will leverage the talented professionals and infrastructure in India.’
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