CoreLogic Partner InfoNet Tops 140,000 Real Estate Professionals
Email Dan Smith
February 10, 2011, Santa Ana, Calif. –
––Secure Data Licensing and Revenue Sharing Program Continues to Gain Momentum, Adding New MLSs in Florida, Virginia, North Carolina, New Jersey and Ohio—
CoreLogic (NYSE: CLGX), a leading provider of information, analytics and business services, today announced that five multiple listing services (MLSs), representing more than 19,000 real estate professionals, have joined the Partner InfoNet revenue-sharing program. The new agreements include the program’s first in Florida and bring the total number of real estate professionals who are participating in Partner InfoNet to more than 140,000 and more than 400,000 listings.
The new MLSs are: Regional MLS, Inc. of Palm Beach; North Carolina’s Fayetteville Association of Realtors, Inc.; Central Virginia Regional MLS, LLC; Ocean County Board of Realtors, Inc. of New Jersey and Western Regional Information Systems & Technology of Ohio.
Launched this past May, Partner InfoNet is an innovative, new, revenue-sharing program in which MLSs license their listing data to CoreLogic for use in risk management products for mortgage lenders, servicers and the capital markets. The MLSs share in the proceeds of the sales of these risk-management products and are also able to offer innovative new valuation products, such as RealAVM, to their members.
CoreLogic has put in place a data protection system to make sure that the MLS listing data is shared only with professionals, and not consumers, and that the shared data is not misused. CoreLogic also consults with its MLS partners to identify and resolve potential security holes in their MLS system and policies.
“We are very pleased to participate in Partner InfoNet and look forward to seeing our data help create a better understanding of our local market for lenders,” said Patty Connor, CEO of Regional MLS, Inc. of Palm Beach. “With the listing data creating a more complete picture, we expect the entire real estate process to become more efficient.”
“Partner InfoNet’s rapid growth and high adoption rates continue to demonstrate the program’s appeal,” said Ben Graboske, CEO CoreLogic MarketLinx. “Risk managers in the lending and capital markets have expressed sincere demand for a legitimate vehicle to access and apply MLS listing data. Bringing together participants from real estate and financial risk management creates material advantages for both.”
According to Graboske, most Partner InfoNet signatories use CoreLogic as their exclusive data-licensing partner for risk management solutions. Exclusive partners also receive free access to RealAVM, the Corelogic MLS-enhanced automated valuation model (AVMs) and the MarketLinx MLS Data Co-op, a new data-sharing tool that makes it easy for MLSs to share listings with MLSs from around the country while securely controlling access to their data. For more information on the Partner InfoNet program, visit http://www.marketlinx.com/pin.
CoreLogic 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 and most comprehensive 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.
CoreLogic and MarketLinx are registered trademarks of CoreLogic, Inc. Partner InfoNet is a trademark of CoreLogic, Inc.