What Are Some of the Issues with LPS?

Legal Compliance Resource
August 3, 2012 — 1,093 views  

Practitioners who put real estate transactions together often face a variety of problems, including issues with Lender Processing Services (LPS). Take a look at some of the concerns other professionals have faced with this mortgage lending industry technology and services provider.

Capital issues

LPS can prove to be a cost-effective solution for real estate agents, but they must have the resources available to use this option. There is no guarantee for results with LPS, so be sure to consider how exactly you'll use the tools it offers before investing.

Management issues

Plenty of information is accessible with LPS. However, you'll want to make sure you understand how to control this data, as it can affect the success of a real estate transaction. Try to find the best ways to optimize the performance of the services' tools, and improve the experience for customers.

Buy/sell issues

Buying and selling real estate can be an issue, so you'll want to make sure to evaluate a number of financial factors with LPS. Despite your best efforts, buy and sell problems could still arise, so be sure to consider any possible problems that could come up. 

Legal Compliance Resource