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LPS Opens Washington, D.C. Office

""Lender Processing Services, Inc."":http://www.lpsvcs.com (LPS) is putting down stakes in the nation's Capitol. The mortgage technology and services company said Thursday that it has just opened a new Washington, D.C. office.
[IMAGE] LPS says it currently has significant contractual relationships with a number of federal agencies, and the new office location will allow the company to quickly respond to the needs of these clients and pursue opportunities with new government partners.


""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 Eric Swenson, LPS' co-chief operating officer. ""LPS' proven, robust technology solutions and extensive governmental expertise can help agencies quickly adapt to changing market conditions and regulatory requirements for optimal performance.""

LPS' services for the Washington D.C. market include mortgage consulting, technology, data analytics, and risk management for portfolios, benchmarking, due diligence, and valuation.

LPS' corporate headquarters is located in Florida, which is widely considered ground zero of the housing crisis. The company's regular studies on delinquencies, foreclosure numbers, and underwater borrowers have become some of the most closely-watched gauges of market conditions to determine if the downturn has changed direction and the industry is out of the woods.

As ""DSNews.com reported last week"":http://dsnews.comarticles/lps-cautious-of-declaring-recovery-2010-02-25, LPS experts are cautious of declaring ""recovery"" just yet.

About Author: Carrie Bay

Carrie Bay is a freelance writer for DS News and its sister publication MReport. She served as online editor for DSNews.com from 2008 through 2011. Prior to joining DS News and the Five Star organization, she managed public relations, marketing, and media relations initiatives for several B2B companies in the financial services, technology, and telecommunications industries. She also wrote for retail and nonprofit organizations upon graduating from Texas A&M University with degrees in journalism and English.

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