LPS National Flood Introduces NHDirect for Concise, Accurate and Cost-Effective Natural Hazard Disclosure Reports in California NHDirect Helps Real Estate Agents Complete Successful Real Estate Transactions
JACKSONVILLE, Fla., Sept. 10, 2012 /PRNewswire/ -- Lender Processing Services, Inc. (NYSE: LPS), a leading provider of integrated technology, data and analytics to the mortgage and real estate industries, announced that its LPS National Flood division has launched NHDirect, a clear, concise and cost-effective California natural hazards disclosure report that meets the state's legally mandated disclosure requirements.
Natural hazard disclosure reports are provided by real estate agents to alert homebuyers if a property in California lies in a state-mapped hazard area at risk for flood, earthquakes, fires, landslides and other environmental hazards. NHDirect combines accuracy, clarity and affordability in a short, simplified document focusing on the hazard data required by California law.
Supplemental information on radon gas, airport influence, Megan's Law disclosures and military ordinances is also included in NHDirect reports. A California tax report that details all of a property's applicable taxes – including Mello-Roos and 1915 Bond Act Assessment Districts – is available as an addition to the report.
"NHDirect is a quick, reliable natural hazard disclosure solution that offers accuracy and reliability at substantial savings for real estate agents," said Mark Reedy, managing director, LPS National Flood. "Our simple, efficient online ordering process delivers reports electronically – usually within seconds – to ensure a faster turnaround time for quicker closings."
LPS National Flood has developed a user-friendly website, located at www.naturalhazarddirect.com, which will enable users to order, review and receive NHDirect reports online. The ordering interface uses Web 2.0 technologies for an improved user experience, and the solution can be directly integrated with production systems.
More information about NHDirect can be found at www.naturalhazarddirect.com.
About LPS National Flood
LPS National Flood is one of the largest and most experienced flood certification companies and offers more than 23 years of experience. As the industry leader in flood technology and service, LPS National Flood is uniquely positioned to meet customers' flood compliance and tracking needs across all business lines. LPS National Flood is able to offer customers a full suite of services, including custom data and delivery solutions, specialized training and support, Life of Loan tracking, audit and portfolio services, joint venture or vendor management set up and support, and private-labeled flood certifications and websites. LPS National Flood provides flood hazard compliance services, including flood determinations, portfolio monitoring, and HMDA reporting information. For more information about LPS National Flood, please visit www.lpsnationalflood.com.
About Lender Processing Services
Lender Processing Services (NYSE: LPS) is a Fortune 1000 company headquartered in Jacksonville, Fla., employing approximately 8,000 professionals. 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.
For more information, please visit www.lpsvcs.com.
SOURCE Lender Processing Services, Inc.