RealEstate Business Intelligence, or RBI is a subsidiary of Metropolitan Regional Information Systems, or MRIS. The company was formed to meet the market analytic needs of roughly 40,000 subscribers to the MLS system in the Mid-Atlantic States – Maryland, Virginia, Washington DC, parts of Pennsylvania, Delaware, and West Virginia.
Their premium product, rbiEXPERT allows professionals to slice, dice, visualize, and share real estate market trends with their buyers and sellers in the best possible way. rbiEXPERT allows agents to pull real estate stats and reports and easily create interactive charts, to share with their clients. The key feature of rbiEXPERT is ease of use, empowering even the most novice agent the ability to instantly build tailored reports. It even has a component designed to work with smart phones and tablets, rbiMOBILE!
For a number of years, rbiEXPERT has built adoption of their product by partnering with a number of the largest MLS services in the nation. It has allowed the product to develop its feature set in ways that support the local needs of diverse marketplaces from Florida (MFRMLS) to Arizona (ARMLS).
The CoreLogic partnership is a significant development for RBI and CoreLogic alike. CoreLogic offers normalized public record data in nearly every county and zip code in America. The company is also the nation’s largest MLS service provider reaching around 632,000 MLS subscribers. CoreLogic and RBI have worked together to enhance the presentation of market metrics within the CoreLogic Realist platform using the names MARKETrends and MARKETrends Premium.
MRIS has contracted with 1000Watt to utilize the Nudge platform to allow agents to publish market information to their clients. Nudge was established with the foundation that agents are the market experts in real estate, but that knowledge was difficult to communicate elegantly to consumers. With a series of simple, embeddable HTML5 market trending indicators, Nudge enables agents to convert complex economic housing data into simple to understand visuals that can be published on websites, mobile, email, or social media. Nudge, coupled with the market analytics of rbiEXPERT and the comprehensive and accurate data assets of CoreLogic creates a powerful tool for real estate professionals.
—RBI Data Visualization Technology Available to Non-RBI Customers for First Time—
IRVINE, Calif., March 20, 2013—CoreLogic® (NYSE: CLGX), a leading residential property information, analytics and services provider, and Metropolitan Regional Information Systems (MRIS®) today announced an agreement to integrate products and services from RealEstate Business Intelligence (RBI®) into Realist®, the leading public record solution for real estate professionals. RBI is a subsidiary of MRIS that provides real estate data, analytics and business intelligence solutions.
Beginning in April 2013, Realist customers will have direct access to RBI’s interactive charts, in-depth statistical reports and creative marketing solutions, substantially upgrading Realist’s analytical capabilities. Combining MLS data with Realist’s comprehensive national tax database and RBI’s data visualization and social marketing capabilities has created a unique research tool that more clearly illustrates real estate market trends.
“The explosion of real estate content on the Internet means homebuyers and sellers are well aware of trends and developments in the marketplace,” said MRIS President and CEO David Charron. “As a result, real estate professionals need deeper market knowledge and insight in order to serve their customers effectively and stay a step ahead. We believe this new research tool will present a formidable resource for our customers—and for America’s one million real estate professionals.”
The agreement marks the first time RBI solutions have been made available outside the RBI customer base, which expanded in 2012 to include My Florida Regional MLS and Arizona Regional MLS. CoreLogic customers will have the option to subscribe to rbiEXPERT, the premium RBI market intelligence package, at either the individual user level or as an MLS-wide site license. CoreLogic and MRIS have also agreed to integrate RBI tools with other popular CoreLogic applications, such as the InnoVia™ MLS system.
“Extending our business relationship with MRIS provides a rare opportunity for customers of CoreLogic and RBI,” said Chris Bennett, vice president of Real Estate Solutions for CoreLogic. “This relationship between two leaders in real estate analytics promises to create a whole new generation of statistical solutions for our users. We are just starting to explore all the ways we can combine our technologies.”
About RealEstate Business Intelligence
RealEstate Business Intelligence, LLC (RBI), a subsidiary of MRIS, is a primary source of real estate data, analytics and business intelligence for real estate professionals. Now operating in conjunction with regional MLSs throughout the nation, RBI delivers powerful, interactive tools to help REALTORS® explain current and historical market conditions with their customers and clients. Unique embeddable elements and charts allow RBI customers to add interactive charts and graphics to their websites, email marketing and social media sites. Visit rbintel.com or www.facebook.com/rbintel to learn more.
Metropolitan Regional Information Systems, Inc. (MRIS) celebrates 20 years of Real Estate in Real Time™. We’re a leading provider of real estate information technology and services, and are frequently ranked among the most productive Multiple Listing Services (MLS) in the nation, facilitating over $38 billion in system wide sales in 2012. In its core market, MRIS supports over 43,000 real estate professionals spanning the Mid-Atlantic region, including Maryland, Northern Virginia, Washington, D.C. and parts of Pennsylvania, Delaware and West Virginia. MRIS provides a portfolio of technology solutions and proprietary databases for real estate professionals, as well as broker and agent software products and an industry-leading consumer portal, MRIShomes.com. In addition, the CURE Solutions Group, a subsidiary of MRIS, provides proprietary back-end technology to other MLS systems, which serves nearly 150,000 customers each day. Visit MRIS at MRIS.com and our web based TV station, mrisTV.com. “Like” us on Facebook/MRISonFB, follow us on Twitter, @MRIS_REal_News and be sure to visit MRISblog.com for real-time news and company updates.
CoreLogic (NYSE: CLGX) is a leading property information, analytics and services provider in the United States and Australia. The Company’s combined data from public, contributory, and proprietary sources includes over 3.3 billion records spanning more than 40 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, transportation and government. 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 seven countries. For more information, please visit www.corelogic.com.
CoreLogic, the CoreLogic logo, and Realist are registered trademarks of CoreLogic, Inc. and/or its subsidiaries. All other trademarks are the property of their respective owners.
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