Lender Support Systems, Inc. Opens Software Development Center in India
December 12, 2006
POWAY, Calif.--(BUSINESS WIRE)--Lender Support Systems, Inc. (LSSI), a 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.