JACKSONVILLE, Fla. – Feb. 21, 2013 – Lender Processing Services, Inc.
(NYSE: LPS), a leading provider of integrated technology, services, data and analytics to the mortgage and real estate industries, announced It’s Listed!™ Alerts, a new enhancement to its Lien Alert™ offering. It’s Listed! Alerts notifies servicers when properties in their portfolios appear on the Multiple Listing Service (MLS).
“Servicers benefit when they have early notification of when their customers put their properties on the market,” said Rob Walker, managing director for the LPS Applied Analytics division. “It’s Listed! Alerts is an early notification system that gives servicers the opportunity to help expedite short sales by identifying delinquent borrowers in their portfolio who have listed their properties. The solution can also help servicers retain their customers by giving their lending departments a heads-up when current borrowers have listed their properties.”
Through its exclusive relationship with Realtors Property Resource® (RPR), a wholly owned subsidiary of the National Association of REALTORS®, LPS’ It’s Listed! Alerts will match properties from servicers’ portfolios with listing price information available in the RPR system. In addition, RPR can notify the listing agent when a servicer seeks more information about a property. It’s Listed! Alerts expands the broad capabilities of LPS’s Lien Alert solution, which helps servicers better manage portfolio risk with instant notifications about key property-related activities that can impact a loan portfolio, including: newly recorded mortgages; foreclosure/default activity; ownership changes; involuntary liens and judgments; property tax delinquencies; bankruptcies; ARM resets; new loans; lien status changes; and value changes.
For added convenience, Lien Alert is available through LPS’ MSP servicing platform, which is used by many of the nation’s leading servicers, as well as through www.SiteXData.com
and batch fulfillment. Lien Alert can be ordered via a single real-time property report, one-time portfolio review or through ongoing portfolio monitoring.
About Lender Processing Services
Lender Processing Services (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.
LPS is headquartered in Jacksonville, Fla., and employs approximately 8,000 professionals. The company is ranked on the Fortune 1000 as the 877th largest American company in 2012. For more information, please visit www.lpsvcs.com
About Realtors Property Resource® (RPR®)
RPR, a wholly owned subsidiary of the National Association of REALTORS®
(NAR) incorporated in November 2009, is a nationwide database providing REALTORS®
with extensive property data and analysis as an exclusive member benefit of NAR. RPR’s goal is to aggregate and deliver to its users a comprehensive database of information about all 147 million parcels of residential and commercial property in the United States. RPR is 100-percent owned, operated and controlled by the members of NAR. For more information about Realtors Property Resource, visit: blog.narrpr.com