CoreLogic MarketLinx Increases MLS Document Management and Transaction Services Installations by 50 Percent
Email Dan Smith
November 05, 2010, Santa Ana, Calif. –
CoreLogic (NYSE: CLGX), a leading provider of information, analytics and business services, announced today that CoreLogic MarketLinx® added five new MLS clients to its document management and transaction services in 2010, bringing the total to 15. It also added 14 additional brokerages, doubling the total number of broker installations.
CoreLogic MarketLinx is the foremost provider of technology solutions for MLS organizations and brokerages. Its industry-leading document management and storage product, Document Manager, seamlessly integrates with existing MLS systems and broker back office systems to boost productivity and move real estate professionals closer to a paper-free workplace.
The new MLS clients include Hilton Head MLS, Hilton Head Island, SC; Real Estate Information Network, Inc., Virginia Beach, VA; Triangle MLS, Cary, NC, and the Greater Tulsa Association of REALTORS®, Tulsa, OK. Many of the new brokerages chose Document Manager, even though their local MLS has not yet added it to their system. More than 1 million new documents have been added to MarketLinx Document Manager in the first ten months of 2010, beyond the 1.5 million documents added in the previous seven years of operation.
“We are dedicated to providing our members with the best technology solutions,” said Mike Cotrill, Chief Operating Officer at the Greater Tulsa Association of REALTORS® in Tulsa, OK.“Choosing Document and Fax Manager was a simple decision because of the tremendous benefits these products offer our membership as well as the integration with our existing CoreLogic products. We look forward to our members making the most of the exceptional document management and storage capabilities that are now available to them.”
“For cost and regulatory reasons, there has been an acute need in the real estate industry for a better way to manage documents,” explained Ben Graboske, senior vice president, Product and Technology, Data and Analytics Group, for CoreLogic. “Document handling, storage and compliance are significant risk factors for REALTORS®, and this concern has accelerated interest in our document management product. The system also lowers costs, increases productivity and supports a paperless work environment.”
Document Manager from CoreLogic MarketLinx supports compliance and auditing requirements, provides secure online storage for documents inclduing contracts and disclosures, enables the tracking of multiple versions of the same document, and delivers flexible document security. Additionally, an optional Fax Manager function enables users to digitize documents via electronic faxing.
Document Manager also helps reduce costs and the time associated with managing paper transaction files. Research conducted by the Gartner Group estimates that the average business document is copied, physically or electronically, up to 11 times at a cost of $18 in labor and expense. Physically filing and storing that document costs $20; and retrieving misfiled documents can cost up to $120. Document management and transaction services from CoreLogic MarketLinx mitigate these costs by creating a system where documents can be uploaded and shared across multiple offices.
CoreLogic and MarketLinx are registered trademarks of CoreLogic, Inc.
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.