LPS, Aiming At Rental Market, Announces Pact With RentRange

Posted by Orb Staff on August 22, 2012 No Comments
Categories : Mortgage Servicing

12243_forrent3 LPS, Aiming At Rental Market, Announces Pact With RentRange Jacksonville, Fla.-based Lender Processing Services Inc. (LPS) has announced an agreement with Westminster, Colo.-based RentRange to offer rental property income data to mortgage servicers, investors and others in need of rental market intelligence to make informed decisions related to distressed housing assets.

According to the companies, LPS' Applied Analytics division will provide the RentRange solution to mortgage servicers that are either looking to either make sell or hold-and-rent decisions on real estate owned (REO) assets or seeking to calculate reliable rent estimates for their REO properties. RentRange can also be used by investors, asset managers, real estate investment trusts or hedge fund managers seeking to value properties or a portfolio of loans based on rental income potential.

‘LPS selected RentRange because we felt it offers the best empirically based rental estimates of any product on the market today,’ says Rob Walker, managing director of LPS Applied Analytics.

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