Fidelity Real Estate Systems Unit Announces Successful Northern California Installation of 12,000 Real Estate and Agent Customer
May 10 2004 - 10:02AM
PR Newswire (US)
Fidelity Real Estate Systems Unit Announces Successful Northern
California Installation of 12,000 Real Estate and Agent Customers
Over 12,000 Real Estate Agents in Northern California Region
Cutover to Latest Fidelity MLS Property Search Platform
JACKSONVILLE, Fla., May 10 /PRNewswire-FirstCall/ -- Fidelity
Business Systems Group, a division of Fidelity National Financial,
Inc. , is pleased to announce that MAX/EBRD, a cooperative of MLS
Boards and Associations located in the California Bay area, has
successfully launched the Internet-based Paragon(TM) MLS v3.0
system provided by Fidelity Real Estate Systems. The new system
went live and is replacing two legacy MLS search systems. Now
serving over 12,000 California real estate professionals, MAX/EBRD
is the largest MLS utilizing the Fidelity Paragon v3.0 MLS property
search system and is one of the largest MLS databases in the United
States. "I am very pleased to announce that our cutover to Paragon
3.0 was quite smooth and the new Paragon system has been well
received by our membership," stated Becky Tobin, President and CEO,
East Bay Regional Data. "The Fidelity team should be congratulated
for all their hard work and effort in helping us to meet our goal.
With Paragon 3.0, Fidelity was able to facilitate the combining of
MLS Listing Data for three individual MLSs into one common database
-- not an easy task." "The cutover to the Fidelity Paragon MLS
platform was the smoothest MLS conversion the Bay East Association
of REALTORS(R) has ever had," said Tricia Thomas, Executive Vice
President, Bay East Association of REALTORS(R). "Fidelity's project
managers, regional support team, trainers, and customer support
representatives provided outstanding support leading up to the
cutover. I was especially pleased with the on-site support that
followed. Fidelity Regional Support Representatives assisted our
staff in answering agent questions, both at the Association office
and at broker/office meetings," continued Thomas. "We are very
pleased with Paragon and the commitment Fidelity made to the
conversion process, particularly since we combined the data for
more than twelve thousand agents in seven associations on this
single platform," said Chuck Lamb, Chief Executive Officer, Contra
Costa Association of REALTORS(R). "Our conversion went very well
because the Fidelity staff, from Dwayne Walker to the Regional
Service Representatives and Trainers, act more like partners than
vendors. Fidelity knew what they were doing and gave us 100%
effort; they deserve to be proud of this product and their whole
team," finished Lamb. "Agents have been thrilled with Fidelity
Paragon's functionality," concluded Thomas. "The system's expanded
functionality enables them to be more productive and offer a higher
level of service to their clients." "The whole Fidelity MLS Real
Estate Systems team worked extremely hard to ensure the MAX/EBRD
membership would notice minimal disruption during cutover," said
Beverly M. Faull, Vice President and General Manager of Fidelity
Real Estate MLS Solutions. "We have developed outstanding processes
for every aspect of our business, beginning with development of a
state-of- the-art MLS system to project implementation, all the way
through to the training, cutover, and system support. Our clients
recognize that we provide excellent MLS Technology for their
membership and that we are committed to their success. Our goal is
to be a true business partner not only by delivering the very best
MLS products in the industry, but also the very best service and
support in the long term," concluded Faull. "I am extremely proud
of our Fidelity MLS Real Estate team," said Dwayne Walker,
President of Fidelity Business and Real Estate Systems. "This
successful conversion is proof positive that Fidelity is dedicated
to our customers' success, regardless of size. We are dedicated to
the real estate industry, from MLS to broker to agent, and we will
continue to provide the most innovative solutions possible,"
concluded Walker. The Fidelity Paragon MLS property search platform
provides significant state-of-the-art technology utilizing the
Microsoft.NET architecture. Innovative advances within the Paragon
platform, including the Paragon Competitive Market Analysis
(Paragon CMA) wizard, Paragon Report Builders, Custom User
Preferences, flexible spreadsheet views and much more, make it the
most MLS-configurable, user-customizable MLS system available
today. For more information about the full line of MLS products and
services offered by FNIS Real Estate Division, please call
800-468-6221, or visit our Web site, http://www.realestate.fnf.com/
. About Fidelity National Financial Fidelity Real Estate Systems is
a unit of Fidelity Business Systems Group, a division of Fidelity
National Financial, Inc. (FNF). Number 262 on the Fortune 500, FNF
is a provider of products, services and solutions to the real
estate and financial services industries. The Company had total
revenue of $7.7 billion and earned more than $860 million in 2003,
with cash flow from operations of $1.3 billion for that same
period. FNF is the nation's largest title insurance company and
also provides other real estate-related services such as escrow,
flood certifications and life of loan monitoring, tax certificates
and life of loan monitoring, merged credit reporting, property
valuations and appraisals, default management, relocation services,
flood, homeowners and home warranty insurance, exchange
intermediary services, mortgage loan aggregation and fulfillment,
multiple listing services software, mortgage loan origination
software, collateral scoring, and analytics and real property data.
FNF is also one of the world's largest providers of
information-based technology solutions and processing services to
the mortgage and financial services industries through its
subsidiary Fidelity Information Services. It processes nearly 50
percent of all U.S. residential mortgages, with balances exceeding
$2.5 trillion, has processing and technology relationships with 48
of the top 50 U.S. banks and has clients in more than 50 countries
who rely on Fidelity Information Services' processing and
outsourcing products and services. More than 34 percent of the
total dollar volume of all outstanding consumer loans in the
country is processed on Fidelity Information Services software
applications. More information about the FNF family of companies
can be found at http://www.realestate.fnf.com/ ,
http://www.fnf.com/ and http://www.fidelityinfoservices.com/ .
Forward-Looking Statements This press release contains statements
related to future events and expectations and, as such, constitutes
forward-looking statements. These forward-looking statements are
subject to known and unknown risks, uncertainties and other factors
that may cause actual results, performance or achievements of the
Company to be different from those expressed or implied above. The
Company expressly disclaims any duty to update or revise forward-
looking statements. The risks and uncertainties which
forward-looking statements are subject to include, but are not
limited to, the effect of governmental regulations, the economy,
competition and other risks detailed from time to time in the
"Management Discussion and Analysis" section of the Company's Form
10-K and other reports and filings with the Securities and Exchange
Commission. http://www.realestate.fnf.com DATASOURCE: Fidelity
National Financial, Inc. CONTACT: Helki McLeod, Director of
Marketing, Fidelity Business Systems Group, +1-949-477-1176, or Web
site: http://www.fnf.com/
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