LPS Forms Real Estate Group

Processing Services Inc. (LPS) has formed a new division, the LPS Real Estate Group, as a result of the acquisition and rebranding of the businesses comprising FNRES Holdings Inc., which includes two primary businesses: FNRES MLS and Cyberhomes LLC. The LPS Real Estate Group will include the LPS businesses that support the real estate market, including services and solutions for Multiple Listing Services and associations, franchisors, brokers, settlement services providers, agents, lenders and media technology companies. The division will provide tools, data and content to the real estate industry. "The proliferation of the Internet, the advent of new technologies and challenging market conditions have created a new age in the real estate market," says LPS Real Estate Group President Jay Gaskill. "We are excited that this new LPS division will provide capabilities to anticipate the evolving needs of our customers and to deliver exciting new solution sets for their immediate and long-term benefit." The Real Estate Group has relationships with more than 300 MLS organizations and many of the nation's largest brokers and settlement services companies, and the division's businesses provide technology applications and data to more than 350,000 real estate professionals, LPS says. More information on the LPS Real Estate Group can be found at www.lpsreg.com. SOURCE: Lender Processing S


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