LPS Real Estate Group agrees to sell Cyberhomes.com to Listingbook LLC

LPS Real Estate Group agrees to sell Cyberhomes.com to Listingbook LLC

August 4, 2010

Lender Processing Services (LPS), a provider of integrated technology and services to the mortgage and real estate industries, has announced that its subsidiary, LPS Real Estate Group Inc., and Listingbook LLC, a provider of broker and agent client servicing applications, have signed an agreement for Listingbook to take over the operations of Cyberhomes.com, LPS’ online real estate valuation and listing portal.
As part of this agreement, LPS will continue to support the Cyberhomes.com platform by providing public records data, automated valuation models (AVMs) and residential property listing data aggregation, as well as a national advertising sales platform.
“After an extensive search to identify a partner that shared our vision for operating a leading consumer portal that represents and benefits organized real estate, we are pleased to have found a trusted and respected leader in Listingbook to take over the operations of Cyberhomes.com,” said Jay Gaskill, president, LPS Real Estate Group. “We remain focused on providing data, analytical tools, data aggregation and technology to power leading real estate websites throughout the industry.”
“Listingbook’s value proposition of optimizing agent’s productivity, increasing their clients’ satisfaction levels and ultimately helping them generate more profit is exponentially progressed with Cyberhomes.com,” said Todd John, chief operating officer of Listingbook.
“This acquisition enables us to generate many more leads for agents and help turn these leads into lifelong relationships with Listingbook’s premiere client management system all while creating significant incremental national advertising opportunities. We are thrilled to be partnering with LPS and their team of professionals on this initiative and embrace the opportunity to optimize Cyberhomes.com for both the agent and consumer.”
For more information, visit www.lpsvcs.com, www.lpsreg.com or www.listingbook.com.

Residential, Technology