LPS Expands Origination Platform Offering
Mortgage technology provider Lender Processing Services (LPS) unveiled three delivery mechanisms for its Empower loan origination system, available for use in-house or through LPS' secure data center. LPS offers Empower Express, a turnkey platform that facilitates the loan process, as well as Empower Express Plus, which includes a modifiable rules engine for specific lenders. The final offering, an end-to-end version of the software, allows for complete customization by the lender. The software facilitates all stages of the origination process, from point-of-sale to underwriting, and from closing to post-closing. LPS' own Don Covey steps into the role of managing director for the Empower division, the technology vendor announced. He brings 29 years of financial and data processing service experience to the role, including various posts within LPS. Write to Diana Golobay.