OnePointCity News/Updates
August 29, 2008
On July 2, 2008 Fidelity National Information Services, Inc. announced the completion of the Lender Processing Services, Inc. (LPS) spin-off (NYSE: LPS). In order to better reflect our position as a key service provider within LPS, FIS Flood Services will change its name to LPS National Flood. You will begin seeing the name change on products, websites and communications on September 1, 2008.
August 15, 2008
OnePointCity, a division of Lenders Processing Services (NYSE: LPS, a Fortune 500 company), launched a new and improved website. Some of the enhancements include online PDF brochures, listing of all vendors available on the multiple product platform, complete descriptions of all the products and services, and the ability to request an information packet or receive an online demo.
July 10, 2008
OnePointCity announced a new vendor to the platform, Equiguard, offering the Mortgage Loan Report (MLR). The MLR, a credit based product, is a title alternative product for Refinance and Home Equity loans. This instantaneous product is utilized by lenders to protect themselves from the additional loss that unknown property liens can cause during a foreclosure. MLRs are not title insurance, but rather they are an alternative available to lenders when title insurance is not required. The MLR lowers closing costs in a very competitive market place. To learn more go to Products & Services.
July 1, 2008
Lender Processing Services, Inc., a leading provider of integrated technology and services to the mortgage industry, commemorated its spin-off from Fidelity National Information Services (NYSE:FIS) by ringing the Opening Bell at the New York Stock Exchange on July 2. LPS began trading on a when-issued basis on June 24, 2008, and expects to begin regular-way trading on July 3 (NYSE:LPS). "This spin-off will enable investors to more easily understand the LPS story, its capabilities, and its strong growth prospects," said William P. Foley II, chairman of LPS. LPS, which has been operating as a segment of FIS for the last two years, is the leading provider of outsourced technology and processing services, default solutions and centralized settlement services to the mortgage industry. To learn more go to www.lpsvcs.com.
June 20, 2008
To further enhance the OnePointCity platform an additional vendor was secured making available aggregate key property tax data that is vital to the smooth loan closing and accurate escrow setup. Users can instantly access tax data by simply entering the subject property address. The vendor is Property Tax Direct.
To learn more about Property Tax Direct go to Vendors/Partners.
To learn more about property tax information go to Products & Services.
June 05, 2008
OnePointCity now makes available one of the largest selection of Automation Valuations (AVMs) on one platform. Due to a strategic partnership with FIS Valuation Solutions there are 8 different AVMs available. FIS Valuation Solutions is the nation's number one provider of AVMs. For more information about all the different AVM models go to Products & Services.
