Monday, April 23, 2007

Fidelity: reaches milestone for MLS

Fidelity National Financial, Jacksonville, FL, has announced that its MLS Systems and Solutions Division has signed its 200th contract for its Paragon MLS.

Southeast Alaska MLS, a 35-year-old MLS organization based in Juneau, Alaska with more than 100 member offices, recently made the decision to make Paragon 3 its system of choice, making it the 200th MLS organization to integrate the platform into its operation.

Fidelity says its Paragon 3 platform currently handles over half of the nation's real estate listings.

These listings are a prime source of lead generation for mortgage lenders, but typically lenders have no access to this information. That's why brokers work so hard to build referral relationships with real estate professionals. With the market for mortgage loans continuing to tighten, news about real estate listings and new ways of accessing that information is likely to be well received by originators.

For some time now, there have been rumors that a new type of property listing technology could make these leads more accessible to lenders. We'll keep you posted on that.

No comments: