Lender Processing Services (LPS) jumped onto the offshoring bandwagon, announcing the opening of a new mortgage technology services facility in India.

The mortgage technology firm acquired the office in Hyderabad, India, as part of its acquisition of LendingSpace back in 2012. LendingSpace provided residential mortgage origination technology, including a correspondent lending platform that enhanced collaboration between retail originators and their correspondent lending partners.

Meanwhile, LPS expanded the Hyderabad location, which boasts 40,000 square feet and has space for future growth.

The new operational facility in India has an advanced technological infrastructure that will accommodate increases in the number of employees and strengthen LPS's delivery of software-as-a-service solutions. 

"LPS a unique edge that translates to numerous opportunities for employees in India," said Casey Williams, senior vice president of LPS’ Global Delivery Services.

"We anticipate tremendous growth in the next 3-5 years, as well as the chance to work on emerging technologies that will leverage the talented professionals and infrastructure in India," Williams said.