Posted by Linda_in_IN on 12/27/13 9:18am
Msg #497103

FNF purchase of Lender Processing Services got FTC approval

In case you like to keep track of who all the players are, as well as who is on their team, this might interest you. The merger was originally announced/proposed this past May,

"The Federal Trade Commission cleared the deal on condition that Fidelity National sell a copy of databases serving six Oregon counties to preserve competition, according to a statement today by the agency. "

http://www.bloomberg.com/news/2013-12-24/fidelity-national-s-2-9-billion-lps-deal-cleared-by-u-s-.html

Reply by John/CT on 12/27/13 12:40pm
Msg #497118

Bye, bye LSI ...

They had been one of my high-volume customers, but with my refusal to sign FNF's poisonous release form, I doubt I'll be hearing much from LSI after the merger is complete.

Reply by parkerc/ME on 12/27/13 5:52pm
Msg #497145

Re: Bye, bye LSI ...

Oh, My! My biggest client is LSI. So, does this mean that the business we've been getting from LSI is now all going to come from FNF? I've never done any FNF work...so have never been faced with signing their release form. So, it will be interesting to see if FNF intends to foist that form on all of LSI vendors (I sure as heck ain't gonna sign it either!).

Reply by Linda_in_IN on 12/28/13 3:57am
Msg #497157

LENDER PROCESSING SERVICES - LPS, not LSI

from the press release

LPS provides technology and data used by lenders throughout the mortgage process, from origination to foreclosure. It reached a $127 million settlement with states in January to resolve claims of fraudulent practices related to foreclosures.

Reply by John/CT on 12/28/13 8:54am
Msg #497160

LSI is a dvision of LPS ...

Thier email address is lsi-lps.com (check out their website). So for all practical purposes, I believe LSI will be joined at the hips with FNF when the merger is completed.

Reply by Linda_in_IN on 12/28/13 8:53pm
Msg #497197

Apologies John.

You're right. I haven't had the opportunity to work with LSI, so wasn't familiar with them. I just looked at their website on SC, and it's right there in big bold letters at the top of the page: A division of Loan Processing Services.