LPS Default Solutions Inc., part of Jacksonville-based Lender Processing Services, will move more than 270 employees from Riverside to Flagler Center in South Jacksonville.
Michelle Kersch, senior vice president of corporate communications and marketing for Lender Processing Services, said employees will make the move Nov. 1 from the LPS campus at 601 Riverside Ave.
Default Solutions provides services for lenders to handle loans that are in default.
Kersch said LPS plans to add employees there over the next several months.
Plans show LPS Default Solutions as the tenant in 41,421 square feet of space at 12735 Gran Bay Parkway. The company would take space on the second floor of Building 200.
The plans show a build-out cost of $90,000. Flagler Center representatives did not comment.
Lender Processing Services provides technology services for mortgage lenders through all phases of the loan process, from origination through default, should the loan enter foreclosure.
As the Daily Record reported, the company has been dealing with investigations by a number of state and federal authorities for more than two years for allegedly falsifying documents used in foreclosure proceedings.
LPS employs about 8,000 people throughout its operations. Kersch was not available to provide the number of employees who will remain at the Riverside Avenue building.
LPS formerly was part of Jacksonville-based Fidelity National Information Services Inc. and operates within the Fidelity campus in Riverside.
In October 2007, the FIS board approved a plan to spin off its lender processing services to shareholders. On July 3, 2008, Lender Processing Services began trading on the New York Stock Exchange under the trading symbol “LPS.”
Lender Processing Services has more than 40 subsidiaries, including LPS Default Solutions.
During the company’s quarterly conference call with analysts in August, CEO Hugh Harris said LPS increased its reserves for legal costs because the company had “greater clarity” over its ultimate costs to settle the foreclosure-related issues.
“We continue to make progress toward resolving these matters,” he said.
Harris said LPS had improved its procedures as it tried to resolve past problems.
“Today, LPS is an improved company with an ongoing commitment to achieve the gold standard for compliance in our industry and in support of our customers,” he said.
Integrated Voting Solutions buys Paramount plant
Integrated Voting Solutions will open its East Coast operations in the former Paramount Performance Marketing manufacturing and warehouse plant, which it bought in July.
The warehouse will house the manufacturing facilities for the IVS East Coast headquarters, including printing, mailing, sorting and related services.
Records show that IVS President Eric Kozlowski bought the property July 13 for $500,000.
IVS bought the property to house the elections and ballot business that it also purchased from Paramount.
Integrated Voting Solutions is based in Fresno, Calif. It announced in July that it will base its East Coast operations in the building, at 5299 St. Augustine Road, and add several positions.
Paramount closed its commercial printing operation in December after 99 years in business. The announcement in July said IVS invested in the elections division of Paramount Performance Marketing.
“The investment allows the elections business to continue operating in the Jacksonville location and provide services to its existing customers,” said the release.
It said Paramount Performance Marketing will be the official provider of Election Day and absentee ballot services to the Duval County Supervisor of Elections Office, “just as Paramount has done since the Help America Vote Act made sweeping changes to the elections laws after the 2000 election.”
Innovative Voting Solutions now has locations in California, Colorado and Florida. It provides ballot production, absentee and vote-by-mail mailing and other election production, supplies, services and consulting.
“The company will take over Paramount’s legacy as one of the only ballot printers certified by all three of the major ballot reading machine manufacturers in the U.S.,” it said.
Kozlowski said the Paramount location will serve clients in Florida and elsewhere.
Paramount restructured after almost a century in business.
IVS said in its news release that in addition to election ballots for customers across the Southeast, IVS will offer variable data printing, inserting and matching services, mailing services, statement printing and full-service digital printing at the site.
Former Massachusetts Gov. Mitt Romney, the Republican presidential candidate, visited the plant in January during a campaign visit for the CNN debate at the University of North Florida.
Construction starts on Lost Lake apartments
Jacksonville-based LandSouth Construction announced it has begun construction on Lost Lake Resort Apartments, a $21 million community at southwest Butler and Southside boulevards.
The 280-unit, 19-building project is being developed on 18 acres.
It will include an 18,000-square-foot clubhouse with a fitness center, indoor basketball court, cybercafé, pool and spa.
Amenities include volleyball courts, resort cabanas, a dog park, covered hammock areas and an outdoor kitchen with grills.
Construction began this week and should be completed in the fourth quarter of 2013.
The developer is Lost Lake Apartments LLC. Forum Architecture & Interior Design of Altamonte Springs is designing the community.
Weekly conventions: Oct. 8-15
Visit Jacksonville reports several events are booked next week and early the following week in Northeast Florida, involving almost 2,000 delegates. They are:
• First Florida Credit Union, board meeting, Wednesday-Saturday, One Ocean Resort & Spa, Atlantic Beach, 20 delegates.
• Florida Aquatic Plant Management Society, annual training conference, Monday-Thursday, Renaissance World Golf Village Resort Convention Center and Beach Club, St. Augustine, 400 delegates.
• Horse Shows in the Park, Hunter Jumper Series, Thursday-Sunday, Fairfield Inn & Suites by Marriott, Chaffee Road, 300 delegates.
• Prevent Child Abuse America, national conference, Wednesday-Tuesday, Hyatt Regency Jacksonville Riverfront, 800 delegates
• USS McCaffery DD-860, annual reunion, Thursday-Monday, Embassy Suites Hotel, 150 delegates.
• USS Sellers (DDG-11), annual reunion, Thursday-Sunday, Crowne Plaza Jacksonville Riverfront, 150 delegates.
• USS Voge, reunion, Thursday-Sunday, Crowne Plaza Jacksonville Riverfront, 100 delegates.
• Wells Fargo Home Mortgage, Loan Origination Essentials, Oct. 15-18, Crowne Plaza Jacksonville Riverfront, 28 delegates.
• Wells Fargo Home Mortgage, HPS October, Oct. 15-18, Wyndham Jacksonville Riverwalk, 36 delegates.