JACKSONVILLE, Fla. – (February 23, 2009) – Lender Processing Services, Inc. (LPS), a leading provider of integrated technology and services to the mortgage industry, today announced that its OnCore® product, delivered by LPS’ Aptitude Solutions division, has been approved by the State of North Carolina as being compliant with recording and indexing software standards for county Register of Deeds government offices in North Carolina.
With OnCore, the industry’s leading scalable recording solution, county governments can reduce internal paperwork and easily manage workflow by electronically moving document images, instead of using manual and paper-intensive processes.
“The State of North Carolina is fortunate to have LPS’ Aptitude Solutions software approved as being compliant with the state indexing standards. OnCore’s proven ability to increase efficiency and reduce waste will help county governments to better serve North Carolina property owners with faster, more accurate processing of their land records,” said Register of Deeds and North Carolina Association Registers of Deeds (NCARD) President Rebecca Ciprianni.
OnCore’s flexible capabilities are easily scalable to meet the unique business needs of any size governmental department. OnCore features that help local and state governments reduce costs and increase processing speed include: electronic recording, automatic document queuing, electronic digital stamping, historic image back posting and full accounting functionality.
In addition, OnCore uses Optical Character Recognition technology in its indexing and redaction tools, so county recorders and registers can automatically index their documents without human intervention. OnCore’s innovative system capabilities also help clients remain compliant with legislative mandates on privacy by removing sensitive information, such as Social Security numbers, from county recorders’ public image libraries.
“We’re proud to have met the State of North Carolina’s stringent standards for accurate and timely indexing of property records,” said Paul Miller, president, LPS’ Aptitude Solutions Division. “OnCore’s powerful technology will continue to help county governments eliminate mountainous paper trails, more easily manage increased workloads and provide better services to constituents through the industry’s leading solution for automation and electronic processing of property records.”
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.
Investor Contact: Parag Bhansali, 904.854.8640, parag.bhansali@lpsvcs.com
Media Contact: Michelle Kersch, 904.854.5043, michelle.kersch@lpsvcs.com