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""CoreLogic"":https://www.corelogic.com/, a Santa Ana, California-based provider of information, analytics, and business services, announced Monday that it has officially launched Partner InfoNet, a new program for sharing revenue with multiple listing service (MLS) organizations.
[IMAGE]Through this innovative program, an MLS licenses its listing data for use in a variety of new risk management products for mortgage lenders, servicers, and capital markets, CoreLogic explained.
Until now, MLS organizations have lacked a safe and easy way to generate additional value for their members by applying their listing data outside of the real estate transaction, CoreLogic said. And as the same time, lenders have lacked access to critical listing information that would help make better and faster lending decisions, the company said.
Partner InfoNet aims to address both of these issues by combining CoreLogic MarketLinx licensed MLS data with
[COLUMN_BREAK]CoreLogic property data assets to create enhanced risk management products for lenders, CoreLogic said.
""The Partner InfoNet program offers a safe and easy way to unlock the value of our listing data and generate useful revenue,"" said John Leonardi, CEO of Western New York Real Estate Information Services. ""We look forward to a strong business partnership with CoreLogic and the many benefits it will provide to our membership.""
CoreLogic said it is uniquely positioned to deliver this program, as it has developed a comprehensive data protection program that uses sophisticated data seeding and active monitoring to identify those who might misuse or abuse MLS data rights. The company said it has a strong track record of enforcing its data rights and stands prepared to do the same for each MLS and its members.
According to CoreLogic, more than 50 MLSs are already in negotiations to participate in the Partner InfoNet program, which is available to all MLS organizations nationwide. The company said each MLS that signs an exclusive agreement will also receive the CoreLogic MarketLinx Data Co-op solution, a 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.
""Our superior data and analytics give us a unique advantage,"" said Ben Graboske, CEO of CoreLogic MarketLinx. ""By leveraging our leading market position in information and analytic solutions, we can help lenders improve their risk decisions while delivering value back to the MLS and its members.""
