CoreLogic Introduces Comprehensive Property and Local Market Condition Report, Featuring Multiple Listing Service Listing Data
Email Dan Smith
February 22, 2011, Santa Ana, California –
Listing and Market Activity Report Will Provide Deeper Insight for Lending and Funding Decisions
CoreLogic (NYSE: CLGX), a leading provider of information, analytics and business services, today announced a new property report, the Listing and Market Activity Report. This report combines Multiple Listing Service (MLS) data received directly from the local MLS organization, with data from the CoreLogic public record database to offer risk managers, underwriters, appraisers and servicers a comprehensive view of a subject property including local market conditions.
The Listing and Market Activity Report is the first new product developed from the Partner InfoNet program, an innovative revenue sharing program between MLS providers and CoreLogic. The report combines MLS and public record data to deliver a more complete view of a property’s value including statistics on home price changes, foreclosure rates and ratios as well as REO, foreclosure and short sale indicators.
The Listing and Market Activity Report is the only source of detailed property listing data that is provided directly by the local MLS. This direct MLS listing data connection enables users by providing them with the most timely, accurate and complete coverage available from the participating MLS.
“The Listing and Market Activity Report is designed to deliver the insight to answer key questions that risk managers, underwriters, appraisers, mortgage servicers and other valuation professionals ask when making key lending or funding decisions,” said Ben Graboske, CEO CoreLogic MarketLinx. “It provides all of the key information points that a decision maker needs in one place—updated listings, comparable sales, property valuation and extensive information on neighborhood market trends, such as days on market, price trends and inventory. While our industry-leading public record information confirms the status of markets today, the listing information shows you where the market is headed tomorrow.”
The Listing and Market Activity Report is the first in a series of new products that CoreLogic will introduce to benefit its growing relationship with many of the country’s leading MLS organizations through Partner InfoNet. A portion of the revenues generated by the sale of the Listing and Market Activity Report will be returned to participating MLS organizations as part of a unique revenue sharing program initiated by the Partner InfoNet program.
Graboske added, “Real Estate professionals have the insights into the local real estate market that they input directly into their MLS systems. By adding MLS information to our comprehensive, data-enhanced report, we capture this local market expertise for risk management professionals.”
CoreLogic (NYSE: CLGX) is a leading provider of consumer, financial and property information, analytics and services to business and government. The company combines public, contributory and proprietary data to develop predictive decision analytics and provide business services that bring dynamic insight and transparency to the markets it serves. CoreLogic has built the largest U.S. real estate, mortgage application, fraud, and loan performance databases and is a recognized leading provider of mortgage and automotive credit reporting, property tax, valuation, flood determination, and geospatial analytics and services. More than one million users rely on CoreLogic to assess risk, support underwriting, investment and marketing decisions, prevent fraud, and improve business performance in their daily operations. Formerly the information solutions group of The First American Corporation, CoreLogic began trading under the ticker CLGX on the NYSE on June 2, 2010. The company, headquartered in Santa Ana, Calif., has more than 10,000 employees globally with 2009 revenues of $2 billion. For more information visit www.corelogic.com.