""Lender Processing Services Inc."":www.lpsvcs.com/ has appointed a new president and CEO, with the hiring of Hugh R. Harris. Harris' role begins immediately, effective October 5, and he will also join the company's board of directors.[IMAGE]
Harris assumes the post following the resignation of LPS' former CEO, who departed for health issues, and he'll be taking over the position from the company's interim CEO, Lee A. Kennedy. Kennedy and Harris have worked together previously when both executives were with ""Fidelity National Financial"":www.fnf.com/, prior to the company's decision to spinoff LPS. Harris served as president of the financial services technology division for Fidelity National and ""Fidelity National Information Services"":www.fisglobal.com/, the latter of which was responsible for the creation of LPS.
Kennedy commented on Harris' new role, saying, ""We are excited to have Hugh Harris join LPS as CEO. His strong, long-term customer relationships, deep industry knowledge and experience, and excellent leadership skills will materially strengthen LPS. Having worked closely with Hugh in the past, I am confident in Hugh's ability to successfully lead LPS into the future.""
Harris will have his hands full once he takes the reins due to LPS' legal battle with ""American Home Mortgage Servicing Inc."":www.ahmsi3.com/ (AHMS). The company filed suit against LPS in August, claiming that LPS had engaged in misconduct while signing mortgage-related documents on behalf of AHMS.
Before working for Fidelity, Harris held executive roles with ""HomeSide Lending, Inc."":www.hsl.com.au/, where he acted as president and CEO, and additionally, he has served as president for Mortgage Corporation of the South. Other resume highlights for Harris include his tenure as vice chairman of BancBoston Mortgage Corporation and an active position for the ""Mortgage Bankers Association of America"":www.mbaa.org/.
Of his opportunity to lead LPS, Harris noted, ""LPS provides the mortgage industry's broadest and most comprehensive range of technology and services. Our clients, which include the top 50 lenders and servicers in the country, rely on LPS to deliver these solutions, which are critical to the industry and to our clients' ability to provide superior service to their customers. I look forward to working with our employees, shareholders and customers to build a stronger and more competitive LPS.""