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Jacksonville, FL-Bob Caruso, a former Wells Fargo servicing executive who is now vice president of strategy and business development at Lender Processing Services, will assist Wells Fargo in managing the portfolio of pay-option loans being acquired as it buys Wachovia.
LPS said that Wells Fargo has entered into a multiyear consulting agreement with LPS regarding the management of the high-default, "Pick-a-Pay" loans from Wachovia. LPS said that Mr. ...