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
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.
(Logo: http://photos.prnewswire.com/prnh/20120802/FL50731LOGO )
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
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' 50^th 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
Lender Processing Services is a Fortune 1000 company headquartered in
Jacksonville, Fla., employing approximately 8,000 professionals. For more
information, please visitwww.lpsvcs.com.
SOURCE Lender Processing Services, Inc.
Contact: Media contact: Michelle Kersch, +1-904-854-5043,
Michelle.firstname.lastname@example.org, or Investor contact: Nancy Murphy,
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