Here’s the official press release from LPS.
Listingbook LLC Enters into a Definitive Agreement with LPS Real Estate Group to Acquire Cyberhomes.com
Listingbook will continue to operate the website as a ‘best-in-class’ online real estate destination powered by LPS’ premier data aggregation services
JACKSONVILLE, Fla. and GREENSBORO, N.C. – Aug. 3, 2010 – Lender Processing Services, Inc. (NYSE: LPS), a leading provider of integrated technology and services to the mortgage and real estate industries, announced today that its subsidiary, LPS Real Estate Group, Inc., and Listingbook LLC, a leading provider of broker and agent client servicing applications, have signed an agreement for Listingbook to take over the operations of Cyberhomes.com, LPS’ leading online real estate valuation and listing portal.
As part of this agreement, LPS will continue to support the Cyberhomes.com platform by providing public records data, automated valuation models (AVMs) and residential property listing data aggregation, as well as a national advertising sales platform.
“After an extensive search to identify a partner that shared our vision for operating a leading consumer portal that represents and benefits organized real estate, we are pleased to have found a trusted and respected leader in Listingbook to take over the operations of Cyberhomes.com,” said Jay Gaskill, president, LPS Real Estate Group. “We remain focused on providing data, analytical tools, data aggregation and technology to power leading real estate websites throughout the industry.”
“Listingbook’s value proposition of optimizing agent’s productivity, increasing their clients’ satisfaction levels, and ultimately helping them generate more profit is exponentially progressed with Cyberhomes.com,” said Todd John, chief operating officer of Listingbook.
“This acquisition enables us to generate many more leads for agents and help turn these leads into lifelong relationships with Listingbook’s premiere client management system all while creating significant incremental national advertising opportunities. We are thrilled to be partnering with LPS and their team of professionals on this initiative and embrace the opportunity to optimize Cyberhomes.com for both the agent and consumer.”
About Lender Processing Services
LPS is a leading provider of integrated technology and services to the mortgage and real estate industries. LPS offers solutions that span the mortgage continuum, including lead generation, origination, servicing, workflow automation (Desktop®) portfolio retention and default, augmented by the company’s award-winning customer support and professional services. Approximately 50 percent of all U.S. mortgages by volume are serviced using LPS’ Mortgage Servicing Package (MSP). 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.
The LPS Real Estate Group has relationships with more than 300 MLS organizations, 250 broker companies, settlement services companies, and more than 350,000 real estate professionals. The technology applications include innovative tools such as Paragon™; the reInsight™ collection; rDesk® Broker & Agent Suite of products; TransactionPoint®; DocCentral; the Real Estate & Living Media Network that generates revenue for its publishers; as well as a robust real estate property and tax database that includes 400 million residential and commercial property, ownership, sales, assessment and mortgage records. This represents detailed information on at least 92 percent of U.S. property ownership records in more than 2,000 counties with over 675,000 new ownership records added monthly. To learn more, visit www.lpsreg.com.
Listingbook® LLC, based in Greensboro, N.C., is an online service that connects real estate agents and their clients through an integrated platform of client management, sales productivity and direct marketing tools. Listingbook has qualified users who gain access only through their licensed real estate agent. Listingbook is the first-ever web based community of qualified buyers and sellers, brokers and agents and home service professionals.
Designed to complement MLS systems, Listingbook automates, tracks and analyzes client activities in an agent-managed, real-time environment that facilitates efficient collaboration and communication between agents and clients, making buying or selling a home easier and more enjoyable. Additionally, the system provides brokers and agents with important data on client activity and the ability to turbo-charge listing promotions in a highly targeted manner. The company was founded in 1999 and has agreements in place throughout the Continental US. For more information about Listingbook, call 336-722-3456 or visit www.listingbook.com.
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For More Information:
LPS Media contact:
Laura.Buser at lpsvcs dot com
Listingbook LLC Media contact:
hugh at silerpr dot com