LPO can refer to different things depending on the context. Here are some possible meanings:
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Legal Process Outsourcing: This refers to the practice of a law firm or corporation obtaining legal support services from an outside law firm or legal support services company. LPO providers can be based in the same country or in another country, and the practice is sometimes called offshoring when the provider is based in another country.
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Loan Production Office: This is an administrative division of a bank that deals solely with loan-related activities. An LPO cant make loans directly but can carry out all the administrative functions that accompany the requesting and receiving of loans.
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Limited Practice Officer: In the context of the legal profession in Washington State, an LPO is a person licensed by the Washington Supreme Court to select, prepare, and complete approved documents for use in closing a loan, extension of credit, sale, or other transfer of real or personal property.
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Other possible meanings of LPO include Loss Prevention Officer, Local Processing Office, and Leading Petty Officer, among others.
