LPS in not such a good light

[mtraininjax]

From the 60 Minutes broadcast on April 3, 2011:

http://stopforeclosurefraud.com/2011/03/31/coming-60-minutes-sunday-april-3-2011-foreclosures/

DOCx a subsidiary of LPS, had people forge up to 4,000 signatures a day to help banks throw people out of their homes and it was all managed from Jacksonville, FL. How are those incentives looking for new LPS jobs now?

[tufsu1]

How are those incentives looking for new LPS jobs now?

well if the people with those jobs live and/or shop/spend money here, then I guess the incentives look pretty good

[Steve]

^Here's the deal with that:

DOCX was an Atlanta-based subsidiary that LPS bought.  When this came out, they did an investigation, and I'm not sure if they closed the office, or terminated those people, but  it was dealt with.

There  definitely was some stuff going on that was improper, but LPS' core business is a technology provider, not a document processor.  The technology processor (which is what the folks in Jacksonville do) was never in question.

Overall, LPS has been a great asset for Jacksonville, and if 60 Minutes is just now doing a story on this, they are WAY behind, because this division was dealt with about 8 months ago.

[cityimrov]

Overall, LPS has been a great asset for Jacksonville, and if 60 Minutes is just now doing a story on this, they are WAY behind, because this division was dealt with about 8 months ago.

I don't know anything about this or LPS but I think we should be careful when making arguments "a great asset for Jacksonville".

I want our local companies to be great asset for Jacksonville, a great asset for the USA, and a great asset for the World.  If one of our local companies is making us a great city at a huge cost to someplace else, we really should look at that and say "Do we really want this company here?  Are we willing to harm others so we can continue on our livelihoods here?"  

Just to repeat, I don't know what LPS is done, I'm just worried about this argument I hear over and over that so and so company is "a great asset to the community" in corporate development.   

[Steve]

Here is my point: Most people have no idea what LPS does, and when crap like this comes out, they think that LPS is busy throwing people out of houses.

LPS' core job is to provide software to the mortgage industry. Plain and simple.  If you have a mortgage in any state in America (origination, servicing, default, etc), odds are that the company you are dealing with uses LPS' software.