Georgia MLS Becomes the First to Launch LPS' reInsight MLS™
LPS Partners with the Nation's Fifth Largest MLS to Create a New Platform that Gives Members a Competitive Edge in Today's Real Estate Market
JACKSONVILLE, Fla., Nov. 9, 2012 /PRNewswire/ -- Lender Processing Services, Inc. (NYSE: LPS), a leading provider of integrated technology, data and analytics to the mortgage and real estate industries, today announced that Georgia Multiple Listing Service (GAMLS) successfully launched LPS' new reInsight MLS™ to its more than 25,000 members.
GAMLS, which maintains the nation's fifth largest MLS database with about 55,000 active and more than 1 million off-market listings, will use reInsight MLS to host and provide its data to real estate professionals across Georgia so they may more efficiently and effectively collaborate with current and prospective clients.
The reInsight technology upgrades GAMLS' real estate property listings-based system by integrating public records data into the MLS, incorporating a map-centric interface, expanding the user's ability to customize the system to his or her unique requirements, and offering a technologically advanced graphical interface that enables users to perform more work from a single view. The embedded Comparative Market Analysis (CMA) merges MLS and public records data to provide very accurate insight into the local market.
"On GAMLS' 50th anniversary, we're happy to be able to present our current and future members a significant improvement in the way they serve their clients using the MLS system," said Richard Boone, chief executive officer of GAMLS, which is based in Tucker, Ga. "We have been partners with LPS for more than 15 years, and we are excited to work with them to launch this unique, next-generation MLS system at a time when members and their clients can use an extra competitive advantage in the marketplace."
"Extending the LPS-GAMLS partnership has created a new MLS system that is scalable and configurable to meet the needs of both casual and more sophisticated users," said Rich Lull, managing director for LPS MLS Solutions. "We commend Georgia MLS for its vision, and we are pleased to deliver an MLS system that not only changes the way users do business, but provides a foundation for future innovation."
About Lender Processing Services (LPS)
LPS (NYSE: LPS) delivers comprehensive technology solutions and services, as well as powerful data and analytics, to the nation's top mortgage lenders, servicers and investors. As a proven and trusted partner with deep client relationships, LPS offers the only end-to-end suite of solutions that provides major U.S. banks and many federal government agencies the technology and data needed to support mortgage lending and servicing operations, meet unique regulatory and compliance requirements and mitigate risk.
These integrated solutions support origination, servicing, portfolio retention and default servicing. LPS' servicing solutions include MSP, the industry's leading loan-servicing platform, which is used to service approximately 50 percent of all U.S. mortgages by dollar volume. The company also provides proprietary data and analytics for the mortgage, real estate and capital markets industries.
Lender Processing Services is a Fortune 1000 company headquartered in Jacksonville, Fla., employing approximately 8,000 professionals. For more information, please visit www.lpsvcs.com.
SOURCE Lender Processing Services, Inc.
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