""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.