Lender Processing Services, Inc. provides integrated technology, data, and services to the mortgage lending industry in the United States. The company delivers comprehensive technology solutions and services, as well as data and analytics, to U.S. mortgage originators and servicers, as well as other financial institutions, investors, and other real estate professionals. The company offers an end-to-end suite of solutions that provide the technology and data needed to support mortgage lending and servicing operations, meet regulatory and compliance requirements and mitigate risk. These integrated solutions support origination, servicing, portfolio retention, and default servicing. Segments The company conducts its operations Technology, Data and Analytics segment and Transaction Services segment. Technology, Data and Analytics The Technology, Data and Analytics segment offers software systems and information solutions that facilitate and automate the business processes across the life cycle of a mortgage. The company works with its customers to customize and integrate its software and services in order to assist them in achieving the value proposition that the company offers to them. The company’s principal technology solutions are software applications provided to mortgage lenders and other lending institutions, together with related support and services. Its technology solutions primarily consist of mortgage processing and workflow management software applications. The company’s data and analytics offerings primarily consist of its alternative valuation services, real estate and mortgage data, modeling and forecasting and analytical tools. Technology: The primary applications and services of its technology businesses include the following: Servicing Technology: The company’s mortgage servicing platform (MSP) is a software as a service (Saas) application that automates loan servicing, including loan setup and ongoing processing, customer service, accounting and reporting to the secondary mortgage market, and federal regulatory reporting. MSP serves as the core application through which its customers keep the primary records of their mortgage loans. The company’s capabilities on its MSP platform also include processing home equity loans. When a bank hires the company to process its mortgage portfolio, the company provides the hardware and the skilled personnel whose role is to keep the system up and running 24 hours a day, 7 days a week; to keep the programs and interfaces running smoothly; and to make the system and application changes needed to upgrade the processes and ensure compliance with regulatory changes. The company also undertakes to perform the processing securely. Default Technology: The company has developed a Web-based workflow information system, which it refers to as Desktop. The Desktop application can be used for managing and automating a range of different workflow processes. It can also be used to organize images of paper documents within a particular file, to capture information from imaged documents, to manage invoices and to provide multiple users access to key data needed for various types of monitoring and process management. Origination Technology: The company offers various software applications and services that automate and facilitate the origination of mortgage loans in the U.S. The company offers three different loan origination platform solutions to serve the various operational and technology needs of mortgage lenders. The company also offers RealEC, a collaborative vendor network for the mortgage industry. The RealEC network enables lenders and their business partners to electronically connect, collaborate and automate their business processes and to electronically order and route settlement services. The company’s Loan Quality Gateway is integrated with RealEC and helps lenders to meet loan quality requirements established by the government-sponsored enterprises and the Federal Housing Finance Agency. Data and analytics: In addition to its technology applications, this segment provides data and analytics solutions that are used in different steps in