Lender Support Systems, Inc. Opens Software Development Center in India

December 12, 2006

POWAY, Calif.--(BUSINESS WIRE)--Lender Support Systems, Inc. (LSSI), a provider of eMortgage-enabled lending and loan servicing technology solutions, announced that it has opened a software development center in Gurgaon, Haryana, India (a suburb of New Delhi) that can host up to 100 employees. The center currently employs 25 full-time software developers who are responsible for LSSI’s software development.

LSSI has traditionally been aggressive in dedicating a large portion of revenue to research and development initiatives. In 2006, the company will invest approximately 30 percent of its revenues into R&D. Through this new off shore development strategy, the company anticipates savings of more than 60 percent on development costs – savings that will be passed along to its customers.

The center has been operational since July 2006, and its developers played a pivotal role in the development of Docs3D, LSSI’s eMortgage-enabled solution specifically designed to streamline the loan closing process for mortgage lenders, that was formally introduced to the marketplace at the recent Mortgage Bankers Association’s 93rd Annual Convention & Expo in Chicago.

Source: LSSI

Contact ALTA at 202-296-3671 or communications@alta.org.

North American Title Insurance Company (NATIC) is a seasoned title insurance underwriter, helping title agents to achieve their individual business goals for more than 50 years. Today, the company conducts real estate settlement services in 39 states and the District of Columbia through a network of experienced, independent agents.