MetroList Joins Partner InfoNet by CoreLogic
Email Dan Smith
November 07, 2012, Irvine, Calif. –
—Revenue Sharing Program Reaches Half a Million Agents—
CoreLogic (NYSE: CLGX), a leading provider of information, analytics and business services, today announced that MetroList® Services, Inc. has signed an agreement to join Partner InfoNet by CoreLogic. MetroList is the multiple listing service (MLS) for more than 15,000 real estate brokers and agents from five REALTOR® Associations, with coverage stretching from Lake Tahoe to the heart of California’s Great Central Valley.
Partner InfoNet is an innovative revenue-sharing program in which MLSs license their listing data to CoreLogic for use in risk management products for mortgage lenders, servicers, and capital markets in exchange for significant benefits to the MLS. With the addition of MetroList, Partner InfoNet coverage has increased to more than 500,000 real estate professionals.
“Through Partner InfoNet, we are working to increase the rate of return on our MLS content,” said Tom Beede, president and CEO of MetroList. Partner InfoNet also provides Metrolist subscribers access to unique CoreLogic tools like the Listing and Marketing Activity Report and RealAVM, an automated valuation model enhanced with MetroList MLS content.
“The security of MetroList’s MLS content was also a key consideration,” added Beede. “CoreLogic’s comprehensive data protection program and reputation for vigorously asserting its customers’ rights was an important factor in the decision to join Partner InfoNet.”
Ben Graboske, senior vice president of Real Estate and Financial Services, Data and Analytics Segment for CoreLogic, said, “We are honored to have a preeminent MLS like MetroList entrust us with its content. Our Partner InfoNet-enhanced risk management products become more useful and more attractive to risk managers of major lending, servicing, and capital markets institutions with each successive Partner InfoNet MLS addition. Reaching the half-million-agent milestone is a major achievement that will help propel the success of our revenue-sharing programs to even greater heights.”
For more information on Partner InfoNet and CoreLogic MLS Solutions, visit www.corelogic.com/mls.
MetroList Services, Inc. is the official multiple listing service (MLS) for more than 15,000 real estate brokers and agents stretching from Lake Tahoe to the heart of California's Great Central Valley. Formed in 1985, MetroList provides real estate professionals access to the most timely and up-to-date listing information available, plus all data necessary to complete a real estate transaction. Utilizing the best real estate technology available, MetroList provides a seamless real estate information network for professionals serving the counties of Northern California's Central Valley, including Sacramento, Placer, El Dorado, Yolo, San Joaquin, Stanislaus and Western Merced counties. MetroList is owned by the five local REALTOR® associations and a mutual benefit corporation—California Real Estate Brokers, Inc.—who know and understand the Northern California Central Valley real estate market.
CoreLogic (NYSE: CLGX) is a leading residential property information, analytics and services provider in the United States and Australia. Our combined data from public, contributory and proprietary sources spans over 700 million records across 40 years including detailed property records, consumer credit, tenancy, hazard risk and location information. The markets CoreLogic serves include real estate and mortgage finance, insurance, capital markets, transportation and government. We deliver value to our clients through unique data, analytics, workflow technology, advisory and managed services. Our clients rely on us to help identify and manage growth opportunities, improve performance and mitigate risk. Headquartered in Irvine, Calif., CoreLogic operates in seven countries. For more information, please visit www.corelogic.com.
CORELOGIC and the stylized CoreLogic logo are registered trademarks owned by CoreLogic, Inc. and/or its subsidiaries. PARTNER INFONET is a common law trademark of CoreLogic and/or its subsidiaries. METROLIST is a trademark of MetroList Service, Inc. All other trademarks are the property of their respective owners. No trademarks shall be used without the express written consent of their respective owners.