Lender Processing Services, Inc.'s SoftPro™ Division Launches Revolutionary SoftPro™ 360 Service
December 11, 2009
JACKSONVILLE, Fla. - Lender Processing Services, Inc. (NYSE:LPS), a leading provider of integrated technology and services to the mortgage and real estate industries, today announced that its SoftPro™ division has introduced SoftPro™ 360, a Web-based service that makes ordering closing, title and escrow services dramatically faster, easier and more affordable than traditional processes.
"SoftPro™ 360 provides a bridge from our real estate closing and title software to vendors who provide title and closing services," said Joyce Weiland, LPS SoftPro™'s chief operating officer. "SoftPro™ 360 eliminates the need for paper order forms, dual entry, faxes, e-mails and phone calls - and significantly reduces the potential for errors associated with manual ordering of products and services."
SoftPro™ 360 can increase productivity and help many SoftPro™ customers reduce costs. With a customer base of more than 50,000 users, SoftPro™ can often leverage preferred pricing for many closing and title products and services.
"In addition to bringing greater efficiency to the closing and title process, we are also able to facilitate lower costs for our SoftPro™ customers at no additional charge," Weiland explained. "Participating vendors see the opportunity not just to expand their customer base but to reduce the cost of doing business with those customers. Our customers can also now generate orders from SoftPro for whatever goods and services they choose, then review and accept that work back into the appropriate SoftPro files."
The list of nationally recognized vendors participating in the launch of SoftPro™ 360 includes both RealEC® and FasTrax. RealEC is the leading provider of collaborative network solutions in the mortgage industry. RealEC's services enable lenders and their business partners to electronically connect, collaborate, and automate their business processes to eliminate paper, manual processing, and other sources of friction in the origination and servicing of mortgage loans. FasTrax is a national title clearing service that assists settlement agents with the time-consuming process of clearing title on liens they paid off at closing. Available on both commercial and residential property, FasTrax can track and record appropriate documents to clear any lien attached to real property.
As new vendors or products and services become available through SoftPro™ 360, they automatically appear on SoftPro™ 360's dynamically updated service menu — without the need for further action from either the vendor or the customer.
"SoftPro™ 360 is a turnkey solution that makes it easy and efficient for SoftPro™ users to order the closing and title products and services they need," said Jason Vander Vlies, SoftPro™'s Vice President of Business Integrations. "By increasing the productivity of our customers and participating vendors, we expect SoftPro™ 360 to be a win/win solution for everyone involved."
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