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Media Room  >   Press Releases  >  LeadingRE Aligns with LPS’ Real Estate Living and Media Network

FOR IMMEDIATE RELEASE
8/26/2009
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LeadingRE Aligns with LPS’ Real Estate Living and Media Network

Leading Real Estate Companies of the World®
Aligns with LPS’ Real Estate Living and Media Network

Organization is the First Real Estate Network to Form Global Relationship


JACKSONVILLE, Fla. -- (Aug. 26, 2009) – Lender Processing Services, Inc. (NYSE: LPS), a leading provider of integrated technology and services to the mortgage and real estate industries, today announced that Leading Real Estate Companies of the World® (LeadingRE), a global network of more than 600 premier real estate firms, is the first worldwide organization to join LPS’ Real Estate and Living Media Network. The Real Estate and Living Media Network is an online real estate vertical ad network developed and managed by the LPS Real Estate Group, Inc., formerly known as Cyberhomes and FNRES MLS, a wholly owned subsidiary of Lender Processing Services, Inc.

The Real Estate and Living Media Network, launched in June 2008, was the first to begin working directly with local real estate agent, broker and MLS Web sites and targeting the consumers who visit them. Since then, LPS Real Estate Group has grown the Network to include more than 750 Web sites that attract nearly four million unique users each month. The Media Network offers its members nationally recognized real estate content and a syndicated advertising platform that grants unprecedented access to the $11 billion spent annually on advertising to consumers who are moving residences.

“With the accelerated migration of traditional media spending online, together with marketers’ increased focus on advertising ROI, we saw the ability to become the first global organization to become part of the Real Estate and Living Media Network to leverage the power of local real estate brands and better reach the consumers who visit them,” said Paul Boomsma, chief marketing officer, LeadingRE. “In fact, all 5,000 offices and 150,000 sales associates in 35 countries around the world that are members of LeadingRE will have the opportunity to participate with the Real Estate and Media Network, the only online advertising network of its kind.”

“We are excited to welcome LeadingRE and their members to our Media Network,” said Prem Luthra, chief sales & strategy officer, LPS Real Estate Group. “We look forward to connecting their member companies with some of the nation’s more recognized advertisers in order to reach consumers involved in real estate transactions.”

Through the Real Estate and Living Media Network platform, LeadingRE brokers will have the opportunity to begin earning meaningful revenue immediately, with complete control over the type and number of ads placed on their site. Brokers incur no up-front fees and have access to full-service support from the LPS Real Estate Group account management team.

About Lender Processing Services
Lender Processing Services 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, 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). In fact, many of the nation's top servicers rely on MSP, including eight of the top 10 and 14 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.

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; rDeskd® Broker & Agent Suite of products; TransactionPointd®; DocCentral; Cyberhomes; 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 285 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 648,000 new ownership records added monthly. For more information, please visit www.lpsreg.com.