RISMEDIA, August 28, 2009-Onboard Informatics, data services provider to top-tier real estate, media and technology companies, has selected LPS Real Estate Group, Inc.’s Data Aggregation Services to process and standardize real estate data for Onboard Informatics’ clients. Formerly known as Cyberhomes and FNRES MLS, LPS Real Estate Group is a wholly owned subsidiary of Lender Processing Services, Inc., a leading provider of integrated technology and services to the mortgage and real estate industries.
The agreement between the two companies helps to speed the delivery of Multiple Listing Service (MLS) Internet Data Exchange (IDX) data to Onboard and its customers. LPS Real Estate Group provides data services for clients using its standardization process for millions of active property listings from more than 400 MLS boards across the country. When Onboard completes its licensing agreement with a new MLS area, LPS Real Estate Group will quickly deliver its comprehensive data aggregation services, which include importing MLS listing data from hundreds of different systems, placing the data and photos into standardized formats, checking the files for corruption and validating key elements like addresses.
Marc Siden, CEO of Onboard, said: “Onboard’s new agreement with LPS Real Estate Group will allow our clients to quickly gain the benefit of a national MLS footprint. Our analysis determined that LPS Real Estate Group provided the most reliable, timely, cost-effective data aggregation service in the market. The relationship also will enable our highly qualified internal teams to continue to focus on what we do best – providing the best solutions to our client base through our unique and ever-evolving products and services.”