JACKSONVILLE, Fla., March 27 /PRNewswire-FirstCall/ -- Fidelity National Information Services today announced the launch of Fidelity National Real Estate Solutions' RatePlug(TM) offering, an add-on tool that integrates dynamic, real-time mortgage product, rate and payment information directly into broker and agent Web sites and MLS platforms. Georgia MLS is the first organization to incorporate this solution into its MLS system, enabling its members to heighten their homebuyers' experience by providing instant, property-specific mortgage payment and qualification information.
With RatePlug, Georgia MLS members will receive real-time mortgage information for every property listed in their MLS system through direct integrations with lender data feeds. The MLS members are able to access a wide variety of lending data from up to three mortgage lenders of their choice. This information includes estimated monthly principle and interest amounts based on real-time interest rates, property taxes, insurance, assessments, private mortgage insurance and total payment information, as well as the estimated income required for that lender's loan offering. By using data received from multiple lenders, members are able to create buyer-specific mortgage comparisons and reconfigure this information, as needed.
"We are excited about teaming up with Fidelity National Real Estate Solutions to provide our members with real-time mortgage rate and payment information to help enhance their relationships with potential homebuyers," said Richard Boone, Association Executive of Georgia MLS. "RatePlug enables our members to provide more complete online resources for potential homebuyers, which increases customer interaction, resulting in higher lead capture rates."
RatePlug can be made available to MLS member brokers and agents through any MLS system, including Fidelity National Real Estate Solutions' Paragon(TM) v3.0, Paragon(TM) XL, and RE/Xplorer(R) MLS platforms. RatePlug may also be integrated directly into broker and agent Web sites.
"Fidelity is pleased to have launched our RatePlug solution for Georgia MLS, one of our valued, long-term clients," said Beverly Faull, SVP and General Manager of Fidelity National MLS Systems and Solutions. "By integrating RatePlug into their MLS systems, they can now strengthen their overall customer experience by quickly providing valuable and unparalleled mortgage rate and payment information. We look forward to delivering this unique solution to MLS organizations, brokers and agents nationwide."
About Fidelity National Information Services
Fidelity National Information Services, Inc. is a leading provider of core processing for financial institutions; card issuer and transaction processing services; mortgage loan processing and mortgage-related information products; and outsourcing services to financial institutions, retailers, mortgage lenders and real estate professionals. FIS has processing and technology relationships with 35 of the top 50 global banks, including nine of the top ten. Nearly 50 percent of all U.S. residential mortgages are processed using FIS software. Headquartered in Jacksonville, Florida, FIS maintains a strong global presence, serving over 7,800 financial institutions in more than 60 countries worldwide. For more information on Fidelity National Information Services, please visit http://www.fidelityinfoservices.com/ .
FIS is a majority-owned subsidiary of Fidelity National Financial Inc. , number 261 on the Fortune 500 and a provider of outsourced products and services to a variety of industries. More information about FNF can be found at http://www.fnf.com/ .
This press release contains forward-looking statements that involve a number of risks and uncertainties. Statements that are not historical facts, including statements about our beliefs and expectations, are forward-looking statements. Forward-looking statements are based on management's beliefs, as well as assumptions made by, and information currently available to, management. Because such statements are based on expectations as to future economic performance and are not statements of fact, actual results may differ materially from those projected. We undertake no obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise. The risks and uncertainties which forward-looking statements are subject to include, but are not limited to: changes in general economic, business and political conditions, including changes in the financial markets; the risk that our recent merger with a subsidiary of Fidelity National Financial, Inc. may fail to achieve beneficial synergies or that it may take longer than expected to do so; the effects of our substantial leverage, which may limit the funds available to make acquisitions and invest in our business; the risks of reduction in revenue from the elimination of existing and potential customers due to consolidation in the banking, retail and financial services industries; failures to adapt our services to changes in technology or in the marketplace; adverse changes in the level of real estate activity, which would adversely affect certain of our businesses; our potential inability to find suitable acquisition candidates or difficulties in integrating acquisitions; significant competition that our operating subsidiaries face; and other risks detailed in the "Statement Regarding Forward-Looking Information," "Risk Factors" and other sections of the Company's Form 10-K and other filings with the Securities and Exchange Commission.
