JACKSONVILLE, Fla. – Nov. 12, 2012 – Lender Processing Services, Inc. (NYSE: LPS), a leading provider of integrated technology, data and analytics to the mortgage and real estate industries, announced that LPS executive Rich Lull has been named to the Real Estate Standards Organization’s (RESO) board of directors for 2013.
Lull, senior vice president and managing director of LPS MLS Solutions, will serve a one-year term on the board, whose mission is to promote and further develop national data standards and processes used by all professionals for automated real estate transactions through the Real Estate Transaction Standard (RETS). RETS is a common language spoken by systems that handle real estate information, such as multiple listing services, and allows information from many different systems to be easily understood.
“Rich’s wealth of experience and innovative thinking will help drive our organization toward its mission of making real estate transactions more innovative, portable and efficient through the deployment of industry standards,” said Travis Wright, RESO executive director. “By further promoting RESO’s important work to the vast number of LPS MLS technology users, Rich will help ensure that the benefits of uniform data standards and processes are realized by our industry partners.”
LPS MLS Solutions’ dynamic, reliable technology and solutions serve more than 200 multiple listing service clients, which include about 250,000 real estate agents. Lull joined a predecessor company of LPS in 2005 as vice president of corporate development and has introduced groundbreaking mapping technologies and other innovations to the real estate market.
“LPS is deeply committed to the adaptation of national industry data standards, which are essential for innovation and greater efficiencies for real estate professionals,” Lull said. “RESO has the momentum and leadership to make this happen, and I am ready to help support the team with its strategic action plan.”
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
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