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

Lender Support Systems, Inc. (LSSI), a global 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.

“LSSI, as a company, is committed to being the premier low cost/high quality provider of technology solutions to the mortgage marketplace,” said Cary Burch, president and CEO of LSSI. “The opening of our new software development center in India is a tangible realization of that commitment as it enables us to effectively get more out of our R&D budget, while helping us more rapidly introduce new technology solutions to help our customers succeed in their business objectives.”

About LSSI

Founded in 1982, Lender Support Systems, Inc. (LSSI), led by mortgage industry veterans, provides a superior suite of eMortgage technology solutions to mortgage lenders (including but not limited to bankers, credit unions, community banks) and service providers as a platform for building more streamlined, cost effective and profitable loan origination services. The company offers a full suite of technology solutions including: compliance services, mortgage closing document preparation software, servicing software, document imaging, data extraction, business process outsourcing solutions and custom software solutions.

For more information, visit www.lendersupport.com.