In an interview, Lender Processing Services Inc (LPS) president, CEO and director Jeff Carbiener, talked about the company. He said that they believe that their balanced business model is a strong competitive advantage for LPS. Because they provide comprehensive technology and services for every aspect of the mortgage continuum -- including lead-generation and originations through servicing, loan modifications and refinances or default -- their revenues are relatively insulated from changes in the market. A major focus of lenders and servicers will be keeping up with and ensuring compliance with complex and rapidly evolving government regulations. LPS has examined recent market trends and solicited feedback from their customers on origination volume expectations in 2010 and beyond, and they now estimate that total origination volume will experience a year-over-year decline of 25% to 30% in 2010, and will flatten out in 2011.
LPS-A Lesson in Creating Value Jeff Lebowitz Mortgage Banking; Dec 2009; 70, 3; Docstoc pg. 80 Reproduced with permissi
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