Partner InfoNet

Providing Tangible Benefits to Individual MLSs and the Entire Real Estate Industry

When it comes to making sound risk management decisions, our customers in mortgage lending, mortgage servicing, property valuation and capital market investing want and need better data. They know the more information they have on a property or portfolio, the more accurate and reliable their decisions will be.

One of the data types vital to the decision-making process is listing data—the data multiple listing services (MLSs) possess. Partner InfoNet™ from CoreLogic® bridges the gap between our industry-spanning customer base and MLS data sources—incorporating listing data into the products we deliver to our customers, while fairly compensating MLSs for the right to use that data in risk management applications.

Shared Challenges
Though MLSs are distinctly different from other market participants, all segments are entirely interdependent. If one segment falters or prospers, the others do the same. Because of this interconnection, all share current challenges that include:

  • Dealing with the ongoing issue of large distressed property inventories, depressed or sluggish markets, and uncertain home-value trends
  • Recovering from the economic crisis, creating solid, sustainable revenue streams
  • Implementing new business practices that both adhere to tightened regulations and promote profitability
  • Increasing market understanding by gaining access to more and better information

At CoreLogic, we understand the needs of all industry segments because we work closely with customers from each.  As the top provider of data and analytics to mortgage lenders, servicers and mortgage-based capital markets, and an industry leader in serving real estate agents, brokers, MLSs and valuation professionals, we take an active role in promoting each segment’s financial health and long-term well-being.

MLS Revenue Sharing
Partner InfoNet simplifies MLS revenue generation by laying out a precise revenue model and defining allowed uses for the licensed data.  Through Partner InfoNet, we offer individual MLSs the opportunity to support the needs of the entire industry, while furthering their own needs to create a solid, sustainable revenue stream that safeguards their valuable
listing data.

Why CoreLogic?

Our property database is the nation’s largest repository of property and ownership data. Updated daily, our property database covers more than 146 million properties in more than 3,100 counties covering 99.7 percent of the U.S. population. We also built and maintain the nation’s largest mortgage application, fraud, and loan performance databases. No other company manages the volume of real estate-related data we maintain.

Drawing from our databases, we provide 18 of the top 20 lenders with automated valuation models (AVMs). We also deliver AVMs, custom data solutions and risk-management tools to financial institutions of all sizes, as well as to mortgage servicers, mortgage-backed securities investors, government agencies and government-sponsored entities. So when our customers asked us to provide MLS data and incorporate it into our products—we created Partner InfoNet to carry their request to you. Though we licensed MLS data from more than 50 MLSs through its predecessor program Realist ValueMap®, we developed Partner InfoNet to ramp up the effort to meet the growing demand.

There is significant untapped potential for the use of listing data in risk management applications. That potential is driving some to use listing data without MLS permission or compensation. With CoreLogic as your trusted partner, you can profit from this developing opportunity in a way that’s fair and equitable. Not only will your MLS share in the revenue generated, you will also be assured that CoreLogic will keep watch over your data, protect it against further unauthorized use, and provide valuable new tools to your MLS members.

 

In Canada, the trademarks MLS®, Multiple Listing Services® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA.

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Customers Say:

“NTREIS looked at several business opportunities this year, but InfoNet was the most open and transparent proposal before our leadership. CoreLogic has been a loyal and trusted partner of ours for many years, and this project will deliver numerous additional benefits back to our members.“

— John Holley, North Texas Regional Information System

“Reaching one million listings is fantastic news. As an early adopter and strong supporter of Partner InfoNet, I am glad to see MLS organizations waking up and joining in. This is a huge step in the right direction at a critical time.”

— Bob Hale,  Houston Association of REALTORS®

“MRED is always looking for ways to offset our costs so that we place as little burden on our customers as possible, while continuing to provide the best possible products and service. The revenue potential of Partner InfoNet represents another  way for us to bring value to our membership. This agreement also gives our members access to class-leading tools like RealAVM—a valuation model that estimates the property values lenders are likely to see when evaluating loan applications—and the Listing and Marketing Activity Report, which combines MLS and public record data with market analytics to create a 360-degree view of a property and its local conditions. We are always on the lookout for new tools that will help our members succeed in this challenging market.”

— Russ Bergeron, MRED

“As new participants in Partner InfoNet, MARIS is proud to contribute to this achievement and to the success of the program in general. We applaud CoreLogic for stepping up as a true partner to the MLS community when so many others use listing data without our permission or compensation.”

— Paul Prince, Mid American Regional Information Systems

Partner InfoNet Benefits

As a trusted MLS partner, we know your data is precious and valuable. That’s why Partner InfoNet provides compensation for the right to use your data for risk management purposes. Partner InfoNet offers exclusive and non-exclusive agreements and pays accordingly for licensed rights to use your data for three years. In exchange, you receive a percentage of the gross revenue we generate from risk-management products that use your data. In addition, exclusive Partner InfoNet MLSs get free access to valuable tools for agent and broker members, including our Listing and Market Activity Report™ and RealAVM™.

Exclusive vs. Non-Exclusive

An exclusive agreement grants CoreLogic sole licensing rights to use your data for risk-management purposes. Royalties for exclusive members begin at 30 percent and can go as high as 40 percent.  

Non-exclusive members allow CoreLogic to use their data for risk management purposes, but these partners retain the right to also license their listing data to others for risk management purposes.  Royalties under non-exclusive agreements begin at 7 percent and goes to as high as 17 percent.

Agreements run for three years and we offer MLSs the option of switching between non-exclusive to exclusive levels, or vice versa. Partner InfoNet agreements also ensure broker independence, which allows your brokers to designate listings they don’t want included in the listing pool or opt out of taking part in the program all together.

Exclusive Member Benefits

In addition to revenue sharing, MLSs that participate in Partner InfoNet through an exclusive agreement receive free access to technology tools that can help member brokers and agents expand their marketing reach, improve efficiency and increase sales.  

Listing and Market Activity Report™
Your members will benefit from a comprehensive property and market report that includes public record and listing status on subject property, comparable sales, comparable listings, foreclosure or short sale status, current market conditions, and pricing, listing and DOM trends.

RealAVM™
Did you know that CoreLogic is the leading provider of automated valuation models (AVMs) to the mortgage industry, including lender-quality AVM values to 18 of the top 20 mortgage lenders?

Agents encounter automated valuations presented by their prospects, clients, and even lenders every day.  RealAVM brings our patented AVM process to your members – with values enhanced by use of your own MLS data.

Providing instant access to RealAVM prepares and arms your members with a valuation solution designed expressly for real estate agents and brokers.  RealAVM helps ensure your members’ success by letting them preview the property values lenders are likely to see when evaluating buyers’ loan applications.

How Your Data Helps Minimize Risk

Managing risk is a multifaceted task that requires several views of a given property. When used appropriately, listing data helps supply our customers with a more timely perspective on properties in relation to market conditions—recent comparable sales, median sales, absorption rate, value trends, days on the market, etc.  Our ability to deliver the marketing condition information needed to complete Form 1004MC, for example, provides our appraiser customers with single-source convenience for information needed beyond their on-site inspections.

By judiciously incorporating listing data from our Partner InfoNet program into our AVMs, we have also increased the accuracy of the values our models provide. We are also beginning to incorporate MLS data into our array of analytic tools that customers use to evaluate the level of risk on loan applications, delinquent mortgages, properties in default, and loan portfolios. Lenders, servicers and capital investors count on us daily to help them evaluate risk through MLS-data enhanced analytic products.

Our customers appreciate the added insight they gain from adding MLS data and are happy to pay premium prices for the added benefits they receive. Through the Partner InfoNet revenue-sharing model, our MLS partners receive a generous portion of that added revenue.  As the number of MLSs in Partner InfoNet grows, we’ll expand our offerings to provide more MLS-data enhanced products. MLSs participating in Partner InfoNet will receive up to 40 percent of all revenue generated from those new products.

 

In Canada, the trademarks MLS®, Multiple Listing Services® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA.

Contact a Solution Expert

Customers Say:

“NTREIS looked at several business opportunities this year, but InfoNet was the most open and transparent proposal before our leadership. CoreLogic has been a loyal and trusted partner of ours for many years, and this project will deliver numerous additional benefits back to our members.“

— John Holley, North Texas Regional Information System

“Reaching one million listings is fantastic news. As an early adopter and strong supporter of Partner InfoNet, I am glad to see MLS organizations waking up and joining in. This is a huge step in the right direction at a critical time.”

— Bob Hale,  Houston Association of REALTORS®

“MRED is always looking for ways to offset our costs so that we place as little burden on our customers as possible, while continuing to provide the best possible products and service. The revenue potential of Partner InfoNet represents another  way for us to bring value to our membership. This agreement also gives our members access to class-leading tools like RealAVM—a valuation model that estimates the property values lenders are likely to see when evaluating loan applications—and the Listing and Marketing Activity Report, which combines MLS and public record data with market analytics to create a 360-degree view of a property and its local conditions. We are always on the lookout for new tools that will help our members succeed in this challenging market.”

— Russ Bergeron, MRED

“As new participants in Partner InfoNet, MARIS is proud to contribute to this achievement and to the success of the program in general. We applaud CoreLogic for stepping up as a true partner to the MLS community when so many others use listing data without our permission or compensation.”

— Paul Prince, Mid American Regional Information Systems

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