CoreLogic (NYSE: CLGX), a leading provider of information, analytics and business services, today announced that My Florida Regional MLS (MFRMLS) has signed an exclusive agreement with CoreLogic to participate in Partner InfoNet. Partner InfoNet is a revenue sharing program in which multiple listing services (MLSs) license their listing data to CoreLogic for use in risk management products for mortgage lenders, servicers and the capital markets.
“Partner InfoNet gives us a controlled way to license our data and deliver that value back to our members and shareholders,” said MFRMLS CEO Merri Jo Cowen. “The exclusive agreement also gives our members free access to the MLS Data Co-op, which provides valuable property data and reports such as RealAVM valuations, tax records, listing history, nearby schools, neighborhood data, community demographics, real estate trends, foreclosure information and more. With Partner InfoNet, we are creating new revenue opportunities and, at the same time, equipping our members with the tools and comprehensive property data their clients demand.”
My Florida Regional MLS is a consortium of 17 individual shareholder and customer organizations throughout central and southwest Florida with recent expansion of its MLS services to the West Pasco Board of REALTORS® and the Pinellas REALTOR® Organization. With approximately 32,000 members and primary coverage in 13 contiguous counties, MFRMLS is the state’s largest multiple listing service (MLS) provider and among one of the largest in the country.
“Joining forces with MFRMLS has helped us deliver better value and more opportunities to our membership,” said Frederic Samson, President of the West Pasco Board of REALTORS®. “I’m happy to say the transition has been very smooth and our members are already very productive on their new MLS system.”
“We are very pleased with the success of our expansion efforts and recognize CoreLogic for their outstanding support and dedicated partnership,” added MFRMLS President Bill Dryburgh.
In addition to MFRMLS, several other Florida real estate organizations have recently joined Partner InfoNet, including Daytona Beach Area Association of REALTORS®, Florida Gulf Coast MLS, REALTORS® Association of Citrus County, and Miami REALTORS®. Participation in the Partner InfoNet has surged in recent months and as of July 12, the program is comprised of more than 873,000 active listings and 273,400 real estate professionals across the United States.
“We are gratified by MFRMLS’s decision to become an exclusive Partner InfoNet member and the faith they have placed in us as stewards and defenders of their data,” said Ben Graboske, CEO of CoreLogic MarketLinx. “Partner InfoNet has enjoyed strong growth in major markets, including Florida, and continues to gain momentum all across the country.”
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 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. The company, headquartered in Santa Ana, Calif., has more than 10,000 employees globally with 2010 revenues of $1.6 billion. For more information visit www.corelogic.com.
CoreLogic and MarketLinx are registered trademarks of CoreLogic. RealAVM and Listing and Market Activity Report are trademarks of CoreLogic. All other trademarks are the property of their respective holders.