Lender Processing Services Acquires LendingSpace

By Ed Roberts July 03, 2012, 7:59 p.m. EDT 1 Min Read

JACKSONVILLE, Fla. — Lender Processing Services has acquired LendingSpace, a provider of mortgage loan origination software solutions.

The LendingSpace technology platform will augment LPS' other origination technology solutions, which includes 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 LendingSpace product suite features a correspondent lending platform including full web-enabled capabilities to enhance collaboration between retail originators and their correspondent lending partners. These capabilities include loan registration, data and document integration, status, condition management, funding and secondary market and investor delivery capabilities, which are critical to the success of correspondent lenders.

The LendingSpace product suite also features lead management capabilities, reverse mortgage product capabilities and extensive third-party vendor integrations.

The acquisition is scheduled to close later this month.

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