|
|
Article: 9) LPS.(2009 FinTech 100)
- Article from:
- Bank Technology News
- Article date:
- November 1, 2009
CopyrightCOPYRIGHT 2009 SourceMedia, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
Byline: John Adams
Lender Processing Services has positioned itself as a mortgage technology and service provider for all weather, yet in its first year as an independent company it's proven to be particularly adept at storm drainage.
"The story for LPS right now is this explosive foreclosure market, and what happens when foreclosures slow down," said John Kraft, a research analyst for D.A. Davidson & Co. "That's the million-dollar question for LPS."
LPS, which was spun off from Fidelity National Information Services in July 2008, reported revenue of $613.2 million for the second quarter of 2009, an increase of 35.3% year over year. Revenue in ...