JACKSONVILLE, Fla. – (February 17, 2009) – Lender Processing Services, Inc. (LPS), a leading provider of integrated technology and services to the mortgage industry, announced today that its Aptitude Solutions division was selected by Nevada’s Clark County to provide its OnCore® software and related services to help further automate and streamline the efficiency of the county’s land records system. LPS’ Aptitude Solutions was chosen over five other software providers after a rigorous RFP process that lasted more than six months.
Clark County, the 15th most populous county in the United States, will implement OnCore©, the industry-leading property recording solution for county governments. OnCore’s unique, up-front scanning technology enables counties, such as Clark County, to reduce internal paper flow and easily manage recording workloads by electronically moving images, instead of using traditional manual and paper-intensive processes.
“Clark County processes thousands of land records daily, so OnCore’s ability to manage volume of this scale and its nimbleness in accommodating changing regulations were key factors in the county’s selection of this solution,” said Paul Miller, president, LPS’ Aptitude Solutions division. “Most importantly, we believe OnCore® will be a powerful, cost-effective tool for Clark County to provide its two million constituents with better service through faster and more efficient processing of their land records.”
OnCore© features the industry’s most flexible and scalable land record management solution through its tremendous automation capabilities and more than 500 flexible settings. Its seamless integration with electronic recordings, automated indexing, redaction capabilities and other county agency systems gives counties the ability to meet today’s demands for timely, accurate property recordings. With OnCore’s sophisticated Optical Character Recognition (OCR) technology, county recorders are able to automatically index documents without human intervention. OnCore also helps county recorders to remain in compliance with legislative mandates concerning consumer privacy by removing sensitive information, such as Social Security numbers, from their public image libraries.
“OnCore® is an ideal solution to strengthen record-keeping resources that are stretched as a result of Clark County’s enormous population growth,” Miller continued. “We’re proud that LPS’ Aptitude Solutions was selected to support Clark County’s strong commitment to finding progressive solutions that will reduce governmental costs and streamline workflow efficiencies by minimizing paper touch points.”
About Lender Processing Services
LPS is a leading provider of integrated technology and services to the mortgage industry. LPS offers solutions that span the mortgage continuum, including lead generation, origination, servicing, portfolio retention, risk management and default, augmented by the company's award-winning customer support and professional services. Approximately 50 percent of all U.S. mortgages are serviced using LPS' MSP. In fact, many of the nation's top servicers rely on MSP, including seven of the top 10 and 16 of the top 20. LPS also offers proprietary mortgage and real estate data and analytics for the mortgage and capital markets industries. For more information about LPS, please visit www.lpsvcs.com.
Marketing Contact: Darcy Patch, 949.477.1173, darcy.patch@lpsvcs.com
Investor Contact: Parag Bhansali, 904.854.8640, parag.bhansali@lpsvcs.com