Corelogic Partner Infonet Reaches 120,000 Users
– Secure Data Licensing and Revenue Sharing Program Expands to Oklahoma, Rhode Island-
SANTA ANA, Calif., Nov. 18, 2010 – CoreLogic (NYSE: CLGX), a leading provider of information, analytics and business services, today announced that multiple listing services (MLSs) representing a total of 120,000 real estate professionals have joined the Partner InfoNet, with organizations representing another 290,000 real estate agents pending or currently in negotiations. Several recently signed agreements give CoreLogic comprehensive coverage in both Rhode Island and Oklahoma.
“We are very pleased to participate in the Partner InfoNet,” said Al Unser, chief executive officer of the Greater Tulsa Association of REALTORS®. “There is growing demand for our MLS data in the mortgage industry to better manage risk and make faster, more accurate decisions. With their leading market position, established client relationships and track record licensing MLS data, CoreLogic is the best and most logical partner to safely unlock the value of our data. We look forward to sharing the benefits with our members.”
Launched just six months ago, the Partner InfoNet is an innovative new 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. Central to the Partner InfoNet program is a comprehensive data protection system that uses sophisticated data seeding and active monitoring to guard against the misuse or abuse of data. As part of the service, CoreLogic consults with customers to identify and resolve potential security holes in their MLS system and policies.
“We place great importance on securing our clients’ information,” said Ben Graboske, senior vice president, Product & Technology, Data and Analytics Group, for CoreLogic. “Our comprehensive data protection services give customers tremendous peace of mind, and this is reflected in the adoption rates we’re seeing for the Partner InfoNet.”
The majority of Partner InfoNet signatories have chosen CoreLogic as their exclusive data licensing partner for risk management solutions. Exclusive partners also receive free access to MLS-enhanced automated valuation models (AVMs) and the CoreLogic Data Co-op, an innovative new data sharing tool that makes it easy for MLSs to access listings from around the country while precisely controlling who can see their data. For more information on the Partner InfoNet program, visit www.marketlinx.com or e-mail firstname.lastname@example.org.
CoreLogic 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. Formerly, the information solutions group of The First American Corporation, CoreLogic began trading under the ticker CLGX on the NYSE on June 2, 2010. The company, headquartered in Santa Ana, Calif., has more than 10,000 employees globally with 2009 revenues of $2 billion. For more information, visit www.corelogic.com.