Lender Processing Services Inc. may soon be back under the umbrella of title insurer Fidelity National Financial Inc. if reports of a $2.9 billion acquisition pan out.
Fidelity reorganized its title insurance and mortgage loan processing divisions into separate companies in 2006, with FNF’s mortgage loan processing division becoming Fidelity National Information Services Inc. Fidelity National Information Services spun off LPS in 2008.
LPS is in “advanced negotiations” to sell itself to Fidelity National and private equity firm Thomas H. Lee Partners, Bloomberg reports, citing “a person with direct knowledge of the matter.” Source:bloomberg.com.
