Lender's Service Inc., Pittsburgh, one of the largest closing services firms in the U.S., is on the auction block, MortgageWire has learned.LSI, which changed hands a few years ago, is being shopped around by Merrill Lynch, industry sources said. A deal could be close, said one official familiar with the matter. LSI's majority investor is a venture fund called Desai Capital. In a statement to MW, Desai said it has "determined that this is an opportune time to seek additional investment capital or explore the sale of the company." LSI's previous owners (at different times) include Merrill, and Prudential Home Mortgage, Clayton, Mo. (For full details on potential bidders, see the Jan. 13 issue of National Mortgage News.)
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