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LPS Online Platform Gets a Boost

""Lender Processing Services"":http://www.lpsvcs.com/Pages/default.aspx (LPS) made public today that the ""Real Estate Board of New York"":http://www.ny1residential.com/ (REBNY) chose its MLS Portal to operate as the platform for its new ""Web site"":http://www.ny1residential.com/, which allows New Yorkers to search for homes statewide.

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According to the statement, more than 90 percent of potential homebuyers begin with the internet in their search for a real estate buy-up. By providing homebuyers with an interactive platform, the company plans to provide an online interface with real estate value comparisons.

""The goal is to provide a regional channel to drive more consumer traffic to our ""REBNY"":http://www.ny1residential.com/ brokers and agents, while making it easy for the public to find a home in New York City,"" Steven Spinola, ""REBNY"":http://www.ny1residential.com/ president and CEO, said in a statement.

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"" ""REBNY"":http://www.ny1residential.com/ carefully chose ""LPS"":http://www.lpsvcs.com/Pages/default.aspx Real Estate Group for this
important member benefit and consumer service.""

According to the statement, ""LPS"":http://www.lpsvcs.com/Pages/default.aspx Real Estate Group's MLS Portal offers an array of listing services, replete with a newly rebranded Web site and direct access to property listings. The site includes an aerial map-searching feature that surveys rooftops and parcel-line overlays, provides viewers with driving directions to various properties, and supplies others with snapshots of the real estate market in a given area, alongside comparisons between buying trends and property values.

""These consumer portals do not compete with ""REBNY's"":http://www.ny1residential.com/ members' [Web sites], but ensure that consumer traffic is sent back to the brokers and agents,"" said John Hensley, CPO at ""LPS"":http://www.lpsvcs.com/Pages/default.aspx Real Estate Group. ""Statistics show that consumers who are allowed independent access to listings are better informed and more faithful to the real estate professional who helps them with their sale or purchase.

""Surveys have shown that consumer-facing MLS websites gain increasingly higher search result placement than individual broker agent websites,"" he added.

According to its Web site, ""LPS"":http://www.lpsvcs.com/Pages/default.aspx supplies mortgage and real estate companies with integrated services and technology. The statement claims that the company services about 50 percent of all U.S. mortgages by dollar volume with its Mortgage Servicing Package.

About Author: Ryan Schuette

Ryan Schuette is a journalist, cartoonist, and social entrepreneur with several years of experience in real-estate news, international reporting, and business management. He currently lives in the Washington, D.C., area, where he freelances for DS News and MReport.
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