This document presents the Latent Interest and Topic Mining Model (LITM), an unsupervised learning model designed to improve service recommendation systems by effectively mining latent user interests and item topics from user-item bipartite networks. LITM addresses the limitations of traditional Latent Factor Models (LFM), providing better interpretability and enhanced performance in recommendations. Experimental results demonstrate LITM's efficiency in model training and its superiority over LFM in generating accurate service recommendations.