CoreLogic Partner InfoNet Revenue Sharing Payments Increase 66 Percent to More Than 1 Million Dollars
Email Dan Smith
February 05, 2015, Irvine, Calif. –
Participating MLS Organizations Grow to 115
CoreLogic® (NYSE: CLGX), a leading global property information, analytics and data-enabled services provider, today announced that its Partner InfoNet™ program reported that revenue sharing payments to participating MLSs increased 66 percent in 2014 compared to the previous year. In addition, 11 new partners were added in the fourth quarter of 2014, bringing the total number of participating multiple listing service (MLS) organizations to 115.
New partners that joined in Q4 2014 include the Greater Alexandria Area Association of REALTORS®, Greater Sioux City Board of REALTORS®, Ithaca Board of REALTORS®, HiCentral MLS, Northeast Oklahoma Board of REALTORS®, Parkersburg Area Association of REALTORS®, REALTORS® Association of South Central Wisconsin, San Francisco Association of REALTORS®, Staten Island Multiple Listing Service, St. Lawrence County Board of REALTORS® and Sutter Yuba Association of REALTORS®.
Partner InfoNet is a unique data licensing program that utilizes aggregated real estate listing data from participating MLSs all across the United States to enhance the accuracy of CoreLogic risk management products in exchange for a share of the revenue from the sale of these risk management products with participating MLSs.
“SCWMLS understands the importance of having the best data available when making sound decisions—and this is especially true when it comes to risk management decisions involving real estate mortgage lending and property valuation,” said Kevin King, executive vice president of the REALTORS® Association of South Central Wisconsin. “As a new participant in Partner InfoNet, we are pleased to contribute to a program that promotes more accurate and reliable decision making while fairly compensating us for our data. It’s a win-win for the industry and for our members.”
With the continued growth and success of the program, CoreLogic now licenses listing data from MLS organizations representing approximately 650,000 real estate professionals—well over half of the National Association of REALTORS® total membership.
“The momentum behind Partner InfoNet is undeniable,” said Chris Bennett, general manager of Real Estate Solutions for CoreLogic. “MLS participation continues to climb, which helps increase the accuracy and demand for our risk management products. In turn, revenue sharing payments continue to grow—total royalties paid to MLS clients last year exceeded $1 million for the first time. Through Partner InfoNet, CoreLogic is working to help increase the health and stability of the American real estate industry.”
For more information on Partner InfoNet and CoreLogic Real Estate Solutions, visit www.corelogic.com.
CoreLogic (NYSE: CLGX) is a leading global property information, analytics and data-enabled services provider. The company's combined data from public, contributory and proprietary sources includes over 3.5 billion records spanning more than 40 years, providing detailed coverage of property, mortgages and other encumbrances, consumer credit, tenancy, location, hazard risk and related performance information. The markets CoreLogic serves include real estate and mortgage finance, insurance, capital markets, and the public sector. CoreLogic delivers value to clients through unique data, analytics, workflow technology, advisory and managed services. Clients rely on CoreLogic to help identify and manage growth opportunities, improve performance and mitigate risk. Headquartered in Irvine, Calif., CoreLogic operates in North America, Western Europe and Asia Pacific. For more information, please visit www.corelogic.com.
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