RISMedia, June 22, 2011—CoreLogic (NYSE: CLGX)—a leading provider of information, analytics and business services—recently announced that Midwest Real Estate Data LLC (MRED™) has signed an exclusive agreement with CoreLogic to participate in Partner InfoNet. Representing 13 REALTOR® organizations and almost 40,000 subscribers in Northern Illinois, Southern Wisconsin and Northwest Indiana, MRED is the nation’s largest multiple listing service (MLS) provider by listing volume. 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 the capital markets.
A press release from the company stated, “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,” says Russ Bergeron, chief executive officer of MRED. “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.”
For more information visit www.corelogic.com.