CoreLogic® (NYSE: CLGX), a leading global property information, analytics and data-enabled solutions provider, today announced it has entered into an agreement to provide software and data services to UpstreamRE, LLC, paving the way for future innovation and enhanced data accessibility for real estate brokers and technology providers.
“More than any other technology firm in the real estate industry, CoreLogic is well positioned to deliver an industry-wide platform at a speed of implementation necessary to secure significant adoption during the coming year,” said UpstreamRE CEO Alex Lange. “Under the terms of the agreement, real estate brokers participating in Upstream will continue to pay the same rates but have access to a wider array of features on the Upstream platform.”
CoreLogic will leverage many of its existing proprietary applications to deliver a secure, comprehensive real estate brokerage data management solution for Upstream. CoreLogic intends to use Trestle™, its RESO platinum-certified data management system, as the core of the Upstream platform.
“We anticipate brokers will choose to push listing data into Upstream from their multiple listing platform and distribute data using Trestle as they do today,” said Chris Bennett, executive leader of Real Estate Solutions for CoreLogic. “In the future, brokers will have access to add/edit capabilities and additional features that enhance their data and photos.”
Solution providers that need to access broker data will be able connect to Upstream the same way they connect to Trestle today. CoreLogic will launch the data distribution component of Upstream in phase one of the project. Future phases will focus around roster management and other data add/edit functionality.
“The concept behind Trestle was to build bridges that securely connect data to broker technology applications,” added Bennett. “This agreement between UpstreamRE and CoreLogic exemplifies that idea by creating a rules-driven data environment that makes it easy and efficient for technology vendors and multiple listing organizations to power real estate broker solutions.”
About UpstreamRE
UpstreamRE™ is a broker data management company for the real estate industry to provide a single, central point of entry, a repository and a distribution platform designed for all types of real estate data and images, to improve efficiency, providing broker/agent accountability over data which they have generated and for which they are responsible, and enhancing the consumer’s experience by delivering more accurate, timely and consistent property information. UpstreamRE is a broker owned company and is governed by a board of managers which represents large, medium, and small real estate companies, along with brands and networks from across the industry. The UpstreamRE board of managers includes representatives of Better Homes & Gardens, Berkshire Hathaway HomeServices, Century 21, Coldwell Banker, ERA, Keller Williams, Leading Real Estate Companies of the World®, The Realty Alliance, RE/MAX, Sotheby’s, and non-affiliated brokerages. For more information about UpstreamRE and its leadership visit UpstreamRE.com.
About CoreLogic
CoreLogic (NYSE: CLGX) is a leading global property information, analytics and data-enabled solutions provider. The company’s combined data from public, contributory and proprietary sources includes over 4.5 billion records spanning more than 50 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.
CORELOGIC, the CoreLogic logo, and TRESTLE are trademarks of CoreLogic, Inc. and/or its subsidiaries. All other trademarks are the property of their respective owners.