Federal banking agencies fine ServiceLink Holdings $65 million

Board of Governors of the Federal Reserve System Federal Deposit Insurance Corporation Office of the Comptroller of the Currency

For release at 4:00 p.m. EST

January 24, 2017

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.

Attachment (PDF)

Board Votes

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

Distribution channels: Banking, Finance & Investment Industry

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