Fidelity launches free mortgage payment feature for MLSs

Fidelity National Information Services has launched a free mortgage payment tool for multiple listing services, enabling brokers and agents to provide instant, property-specific mortgage payment and qualification information to clients, the company said Monday.

The company's new RatePlug feature is 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 the add-on into its MLS system. The MLS members will receive real-time mortgage information for every property listed in their MLS system through direct integrations with lender data feeds. Members can access lending data from up to three mortgage lenders of their choice and get information such as 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.

RatePlug can be made available to MLS member brokers and agents through any MLS system, the company said, or it can be integrated directly into broker and agent Web sites.

Fidelity National Information Services provides products and services to financial institutions, retailers, mortgage lenders and real estate practitioners. FIS is a majority-owned subsidiary of Fidelity National Financial.

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