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LPS targets big players with open MLS platform

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The fifth-largest multiple listing service in the nation has rolled out a brand-new MLS system from real estate and mortgage technology company Lender Processing Services Inc. (LPS). The new system, reInsight MLS, is tailored to the needs of MLSs with more than 5,000 members, the company said in an announcement Friday. Georgia MLS, which has more than 25,000 members, is the first to launch reInsight. Based in Tucker, Ga., GAMLS has nearly 54,000 active listings and more than 1 million off-market listings in its database. GAMLS has been an LPS customer for more than 15 years and collaborated with LPS to build reInsight, according to Rich Lull, managing director for LPS MLS Solutions. Up until last month, GAMLS had had LPS' RE/Xplorer MLS system, which is now fully retired as an LPS product. Three years ago, when looking for a replacement for RE/Xplorer, GAMLS agreed to work with LPS to build a new, customizable system for large MLSs on the condition that GAMLS "would have as much i...