There was some confusion in MLS-land today about an announcement regarding LPS. Here’s the real scoop from LPS:
Yesterday a private equity firm announced that they had acquired the LPS wholly-owned division called LPS Tax Solutions, Inc (http://www.lpsvcs.com/LPSCorporateInformation/NewsRoom/Pages/20120201a.aspx). This is a business that provides data and services to lenders and mortgage service providers regarding servicing and collecting property taxes. This announcement created some confusion in the MLS community, as it was misinterpreted to suggest that LPS may be divesting assets that provide Public Record Data including property characteristics, sales history, mortgage history, foreclosure status, etc). In fact, LPS remains very committed and continues to heavily invest in the aggregation and delivery of public record data to provide our real estate professionals with the competitive edge they need in today’s market.
So, all is well. Status quo.
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