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LPS Granted License to Sell RPR RVM(TM) Product to Lender Community

Lender Processing Services announced a new valuation model for Lenders that brings listing and pending-sale data into the AVM equation.  The mortgage and real estate services provider has struck an agreement with the National Association of REALTORS to productize MLS data derrived from the REALTOR Property Resource (RPR) to create derivitive products for Lenders. In this case, LPS is offering a product called the LPS REALTOR Valuation Model or (RVM) According to the release, LPS plans to leverage this information to expand the reach of traditional automated valuations. In a quote, Rober Walker, managing director, valuations for LPS Applied Analytics [...]

By |2018-05-03T21:25:59+00:00October 26th, 2010|Main category|1 Comment

CoreLogic Announces Organizational Changes

CoreLogic recently announced two key changes in their organization.  Chris Bennett has been promoted to from his position as Vice President of Sales for CoreLogic MLS Solutions to General Manager of CoreLogic MLS Solutions where he will oversee both the MLS and Realist product lines.  Dennis Brzezicki has also been promoted to take over Chris’s former position as Vice President of Sales for CoreLogic MLS Solutions. Official Announcement Organizational Changes at CoreLogic MarketLinx Since the successful launch of CoreLogic this past June, we have spent considerable time reorganizing our MLS product groups to improve our efficiency and better serve our customers.  We began [...]

By |2018-05-03T21:25:59+00:00October 26th, 2010|Main category, MLS Insights|0 Comments

LPS launches ClosingStream 2.0 and completes First online loan mod!

Lender Processing Services (LPS: 26.54 -0.23%) said it completed the first electronically signed and submitted loan modification through the Home Affordable Modification Program. LPS provides a suite of mortgage technology and real estate services, which includes the development of ClosingStream 2.0. The servicer, which was not identified by LPS, electronically created modification documents to a borrower through the Web-based tool. The borrower then reviewed, signed and returned the documents to the servicer in four hours. According to LPS, the manual process can take as long as two weeks, an estimation far below the experience at some servicing shops and the Treasury’s [...]

By |2018-05-03T21:25:59+00:00October 25th, 2010|Main category|0 Comments

What’s the latest on Smartphones?

RETechnology.com, the most comprehensive collection of products, reviews, ratings and how to content about real estate technology on the planet wants to know how you use your smartphone.   Take the 2 minute survey and share your insights with all of us! The results will be published here and on RETechnology.com Happy Surveying!

By |2018-05-03T21:25:59+00:00October 17th, 2010|Main category|0 Comments

Who cares about the photo on your business card?

There was an intriguing article on Agent Genius today about whether or not to include your photo in your real estate branding. The article generated a lot of good feedback from agents on both sides of the fence. Actually I think is fundamentally the wrong question to ask.  As the former VP Marketing for Fisher-Price, in my opinion, branding has NOTHING to do with whether you include a photo or not. Brands are built on a clear definition of your unique value proposition.  They are also built on DELIVERING against your value proposition consistently and better than anyone else.  Fisher-Price, for [...]

By |2018-05-03T21:25:59+00:00October 7th, 2010|Broker-Agent Information, Main category|0 Comments

Clareity Study shows big MLS – Broker disconnect

Real Estate Technology consulting firm, Clareity along with REAL Trends conducted a 2010 MLS Initiatives Survey for brokers. They surveyed 500 of the nation’s top brokers and received 150 responses. What surprised me was the apparent disconnect between what MLSs are doing and how brokers feel about it. In my reading, I was not so surprised by the results, but surprised that brokers have a lack of understanding of the initiatives themselves. Listing Syndication - 36% of brokers oppose or strongly oppose it. If so, why are brokers syndicating listings at all. The MLS is not syndicating the listings, brokers opt into the free [...]

By |2018-05-03T21:25:59+00:00October 6th, 2010|Main category|0 Comments

MRIS Goes Live With RETechnology.com

MRIS recently announced they have gone live with RETechnology.com as a member benefit to help their brokers and agents make more informed technology decisions.  RETechnology.com is the largest portal of its kind dedicated to providing real estate professionals information on real estate technology and products on one easy to use site.  RETechnology.com is free when offered to real estate professionals through their MLS. John Heithaus, CMO of MRIS, explains that, “RETechnology is the first website of its kind in the industry and promises to make a positive impact in the purchasing decisions made by agents and brokers. Think of it as an [...]

By |2018-05-03T21:26:00+00:00October 5th, 2010|Main category, MLS Insights, Our Company|0 Comments

NJMLS Executive Director Tina Griffin to Retire after 34 Years

According to a press release from NJMLS on October 1st, 2010. Tina Griffin, the respected Executive Director of the New Jersey Multiple Listing Service, has announced that she will be retiring in January 2011 after 34 years at the helm of the REALTOR® owned organization. This marks the end of a long career, with many significant achievements marking the milestones of a company that has long been the benchmark to which other MLS systems aspire. Nelson Chen, Broker/Owner of The Chen Agency and President of the NJMLS Board of Directors, states, “I have had the privilege and honor of working with [...]

By |2018-05-03T21:26:01+00:00October 4th, 2010|MLS Insights|0 Comments