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Federal Deposit
Insurance Corporation

Each depositor insured to at least $250,000 per insured bank

Press Releases

Joint Release

For Immediate Release
January 24, 2017

Federal Banking Agencies Fine Servicelink Holdings $65 Million

WASHINGTON—The federal banking agencies today fined ServiceLink Holdings, LLC (ServiceLink Holdings), $65 million for improper actions by its predecessor company, Lender Processing Services, Inc. (LPS), which resulted in significant deficiencies in the foreclosure-related services that LPS provided to mortgage servicers.

The penalty assessed by the three federal banking agencies--the Federal Reserve Board, the Federal Deposit Insurance Corporation, and the Office of the Comptroller of the Currency--against ServiceLink Holdings satisfied the document review provision of the previous enforcement action. The agencies continue to monitor the company's compliance with other provisions of that order.

The fine will be remitted to the U.S. Treasury.

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Attachment:
Media Contacts:
FDIC Julianne Fisher Breitbeil (202) 898-6895
Federal Reserve Eric Kollig (202) 452-2955
OCC Stephanie Collins (202) 649-6870

FDIC: PR-06-2017

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